
Dacheng‘s group acts for government agencies, state-owned enterprises, publicly-listed companies, and multinational corporations. The team has significant expertise in high-value loans, regulatory compliance, transaction structuring, investments, and M&A matters. The team also fields specialists in fintech, dispute resolution, non-performing assets, wealth management, and trust and asset management schemes. The principal figures are Beijing-based specialist Yunwang Ping; Frank Qu in Shanghai, who has longstanding experience in financial derivatives, bond issuances, asset securitisation, and structured and project finance. The pair oversee the team alongside Jingjing Xia in Hangzhou, Guangzhou-based Leo Zhou and Beijing’s Jian Ying. In Shijiazhuang, Jing Wang is a rural bank expert.
Legal 500 Editorial commentary
Testimonials
Collated independently by Legal 500 research team.
- ‘Dacheng is professionally trustworthy, and they continuously innovate their service models and processes based on client needs - and with excellent results.’
- ‘They are very responsive to regulatory concerns and are able to develop compliance plans for clients proactively, effectively mitigating regulatory compliance risks.’
- ‘Excels at providing clients with forward-looking legal advice from a legislative perspective, helping clients anticipate risks and develop mitigation measures.’
- ‘Their global network enables them to provide legal services outside of China. They have a large staff and cover a wide range of businesses.’
- ‘Each team conducts in-depth research into their respective areas of expertise. The law firm has also implemented advanced digital management practices, leveraging advanced practices from other countries in its global alliances.’
- ‘Helps clients grasp projects from a holistic perspective, avoiding situations where a client's narrow focus on commercial factors could compromise the overall project's interests.’
Key clients
- Hebei Cangzhou Rural Commercial Bank Co
- Zhangjiakou Rural Commercial Bank Co
- Pingquan Rural Credit Cooperative Union
- Hebei Jingxing Rural Commercial Bank Co
- Fuping Rural Credit Cooperative Union
- Huafu Ruining Investment Management Co
- Bank of Communications Financial Leasing Co
- Agricultural Bank of China Hong Kong Branch
- Ping An Bank Co Hong Kong Branch
- Bank of China (Hong Kong)
- China Construction Bank (Asia) Corporation
- Zhejiang Fuzhe Financial Leasing Co
Work highlights
Assisted the client with the acquisition of Yulon Automotive Finance (China) Co for RMB1.318bn.
Assisted a banking client with a non-performing asset-backed securities project.
Assisted Hebei Cangzhou Rural Commercial Bank Co with rural banking matters.
Lawyers
Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.

Practice head
Yunwang Ping; Frank Qu; Leo Zhou; Jingjing Xia; Jian Yiang
Other key lawyers
Jing Wang; Lianggen Xu
Comparative Guides
Hot Topics
Review and Future Prospects of China's Enterprise Bankruptcy Law
Review and Future Prospects of China's Enterprise Bankruptcy Law The year 2024 marks the seventeenth anniversary of the Enterprise Bankruptcy Law of the People's Republic of China.
08 July 2025
2023 Regulation Developments in Chinese Insurance Industry
The past two decades have witnessed rapid growth in the Chinese insurance industry, which is presented as an average annualized growth rate of more than 15% in original premium income.
27 June 2024
