Capital Markets
China
14 August 2025
The majority of the workload for the versatile practitioners at Merits & Tree Law Offices focuses on bankruptcy restructuring, often representing creditors. Based in Beijing, the firm’s practice head, Wenliang Zhang, possesses a rich background in large corporate relief and restructuring projects. Jianjun Li recently joined the team in Beijing while the Guangzhou office welcomed Shengmin Wu, who regularly advises listed companies in reorganisations. Jianxin Zhang and Yi Zhao are also key contacts in Shenzhen and Chengdu respectively.
Legal 500 Editorial commentary
Testimonials
Collated independently by Legal 500 research team.
‘This team is deeply engaged in large-scale distressed restructurings. Wenliang Zhang and Kai Liu possess profound professional expertise, exceptional coordination skills, and extensive project experience.'
'The team boasts a robust structure and exceptional team stability, with core members remaining constant throughout the project cycle and ensuring continuity of service. They are able to respond quickly and flexibly to emergencies.'
'They not only efficiently advance the administrator's work but also excel at designing innovative solutions tailored to practical scenarios, demonstrating strong execution and creative thinking.’
‘Wenliang Zhang leverages his extensive experience and keen insight to accurately identify core points of contention and design solutions by integrating legal expertise with business acumen. When engaging in cross-party communications, he leverages his multifaceted skills to coordinate the demands of all parties and facilitate closure.'
- 'As an administrator, Kai Liu performs his duties with a strong sense of responsibility and attention to detail, focusing on the business while maintaining a spirit of innovation. He precisely adapts his communication skills to different stakeholders (judicial authorities, creditors, and within the team), demonstrating outstanding accountability and collaborative effectiveness.’
‘Lawyer Jianxin Zhang is very professional and excellent.’
Key clients
- Xiamen C&D Corporation Limited
- Hubei Science Technology Investment Group Co., Ltd.
- China Galaxy Asset Management Co., Ltd.
- PSBC Wealth Management Co., Ltd.
- Huaxia Life Insurance Company Limited
- China Everwin Asset Management Co.,Ltd.
- Cinda Capital Management Co., Ltd.
- China Cinda Asset Management Co., Ltd
- China CITIC Financial Asset Management Co., Ltd
- China Great Wall Asset Management Co., Ltd.
- Cheng Tong Hu An Investment Management Co., Ltd.
- Zerotech (Beijing) Technology Co., Ltd.
Work highlights
Represented the restructuring investors (Xiamen C&D Corporation Limited) in the full process of pre-restructuring and bankruptcy restructuring of ST Zhongli Group and its subsidiaries.
Assisted with the bankruptcy restructuring of Inner Mongolia Wuhai Chemical Industry Co., Ltd and its core subsidiaries as members of the bankruptcy administrators.
Practice head
Wenliang Zhang
Other key lawyers
Jianjun Li; Shengmin Wu; Jianxin Zhang; Yi Zhao; Kai Liu