Clifford Chance caters to a broad range of clients, including Chinese state-owned and privately-owned enterprises, local government financing vehicles and high-yield issuers. The team covers the full spectrum of DCM capabilities and is particularly notable for its US expertise. Connie Heng is at the helm. She excels in international securities offerings and structured finance, in particular RMB capital markets products. Angela Chan and David Tsai undertake international bond offerings, medium-term note programmes, regulatory capital and hybrid securities issues. Bringing deep knowledge of US federal securities laws, Alan Yeung is also noted for his expertise in high yield and investment grade debt issuances. Mark Chan handles an impressive variety of DCM transactions in both the Hong Kong and Macau markets.
Legal 500 Editorial commentary

Accolades

Client satisfaction

Testimonials

Collated independently by Legal 500 research team.

  • ‘This practice exhibits strong partner availability and client engagement. The partners of the firm work collaboratively together to complement each other's expertise and therefore they are able to deliver a superior product to the client.’
  • 'Alan Yeung is an extremely pragmatic and commercial US capital markets partner, with a strong focus on client service and problem-solving.'
  • ’The DCM practice is one of the strongest in the Magic Circle firms. They are very adept at handling the demanding practice of complex trades with multiple parties and many moving parts.’
  • ‘Alan Yeung is a particular standout partner. He is unfailingly available to answer questions and ensure transactions evolve smoothly, combining top quality legal advice with practical and hands-on experience. He is a pleasure to deal with.’

  • ‘Clifford Chance is a world leader in capital markets transactions. They have been at the forefront of legal developments in Asian markets for decades, covering a range of practice areas.'

  • 'David Tsai is experienced in a wide range of international bond offerings, medium term note programmes, hybrid securities and equity-linked products such as convertible bonds and exchangeable bonds.'
  • 'Angela Chan, Mark Chan and Connie Heng have always shown to be not just professionals of the highest calibre but always been on hand to negotiate through any situation seeking a solution rather than relying on just what has been done previously. ’

  • ‘Angela Chan is very good and can provide client-oriented solutions.’

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Key clients

  • China Construction Bank
  • Citigroup
  • Deutsche Bank
  • J.P. Morgan
  • Standard Chartered Bank
  • CITIC Securities
  • Bank of China (Hong Kong)
  • Chinalco Capital Holdings Limited
  • The Hong Kong Mortgage Corporation Limited (HKMC)
  • The Hongkong and Shanghai Banking Corporation Limited(HSBC)
  • Nan Shan Life Insurance
  • Urban Renewal Authority
  • Lingang Oasis Inc
  • MicroPort Scientific Corporation
  • Weimob Inc.
  • Haitong Securities
  • Health and Happiness (H&H) International Holdings Limited

Work highlights

Advised on Vedanta Resources' issue of high-yield senior notes – all listed on the Singapore Stock Exchange, with proceeds used to refinance existing debt and related costs.
Advised on HKSAR Government’s inaugural HK$55 billion Silver Bond issuance under its newly established Infrastructure Bond Programme.
Advised on Meituan’s US$2.5 billionbond issuance.

Lawyers

Hall of Fame

The lawyers at the very top of the profession, widely known and respected by peers and clients for their longstanding involvement in market-leading work.

Leading partners

The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.

Next Generation Partners

Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.

Practice head

Connie Heng

Other key lawyers

Angela Chan; David Tsai; Alan Yeung; Mark Chan