The corporate and global financial markets team at Clifford Chance, led by Tim Wang, is well-known for its capabilities on a range of equity capital market matters, notably on IPOs on the main board of the Hong Kong Stock Exchange. The team counts issuers, underwriters and controlling shareholders among its clients. Virginia Lee offers advice on M&A, pre-IPO investments and equity fundraising. Fang Liu handles a broad range of corporate and regulatory issues including IPOs, SEC-registered offerings and Rule 144A and Reg. S bond offerings. Christine Xu departed the firm in July 2024.
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Profile
Position
Liu Fang focuses on both securities offerings and mergers and acquisitions.
He represents issuers and global investment banks in Hong Kong IPOs, SEC-registered offerings, share placements as well as Rule 144A and Reg. S bond offerings. He also advises PRC state-owned and private companies, multinationals and private equity firms on China inbound and outbound acquisitions, investments, dispositions and related financings. His deal experience extends across a wide variety of industry sectors, including technology, new energy, healthcare/consumer goods and financial services.
Career
Admitted to the New York bar 2005
Admitted as a solicitor in Hong Kong 2012
Admitted to the PRC bar 1999 (currently inactive)
Sullivan & Cromwell (2004 to 2013)
Joined Clifford Chance 2013
Partner since 2014
Admitted as a solicitor in England & Wales 2025
Education
Peking University (LL.B) 1998
Stanford University (LL.M) 2004
Content supplied by Clifford Chance
Key clients
- China Resources Beverage (Holdings) Company Limited Black Sesame International Holding Limited Mao Geping Cosmetics Co., Ltd. Auntea Jenny (Shanghai) Industrial Co., Ltd. InnoScience (Suzhou) Technology Holding Co., Ltd. Xiaocaiyuan International Holding Ltd. Xunfei Healthcare Technology Co., Ltd. APT Electronics Co., Ltd. Yibin City Commercial Bank Co., Ltd. Laopu Gold
Work highlights
Acted as the international counsel to China Resources Beverages for its initial public offering and listing on the main board of the Hong Kong Stock Exchange.
Advised Goldman Sachs, Huatai Financial and J.P. Morgan as the joint sponsors as well as the underwriters for SF Holding's US$750 million H share initial public offering and listing on the Main Board of the Hong Kong Stock Exchange.
Advised Black Sesame International Holding Limited on its initial public offering and Chapter 18C listing on the Main Board of the Hong Kong Stock Exchange.