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Cleary Gottlieb Steen & Hamilton LLP

Capital Markets: Equity (International Firms)

Global Guide 2026 : China

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Cleary Gottlieb Steen & Hamilton LLP

Rankings

Chambers Review

Provided by Chambers

Capital Markets: Equity (International Firms) - China

Band 4

What the Team is Known For

Cleary Gottlieb Steen & Hamilton provides UK, US and Hong Kong law advice to PRC and Hong Kong clients. Best known for its work in the ECM space, advising on IPOs and secondary offerings, the team regularly advises on public offerings in both Hong Kong and the USA, with further expertise in advising on ADS issuances and convertible offerings. It acts across the TMT, biotech and hospitality sectors, for both issuers and underwriters.

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Work Highlights

Provided by Chambers

  • Cleary Gottlieb represented Goldman Sachs, BofA Securities, Deutsche Bank, Huatai Securities and Tiger Brokers as underwriters in the initial public offering of Pony AI.

Strengths

Provided by Chambers

  • Cleary has deep expertise in navigating complex Hong Kong regulatory environments and a proven track record of delivering innovative, client-oriented solutions for sophisticated transactions.

    Capital Markets: Equity (International Firms) respondentGlobal

  • Cleary is very responsive and experienced and has clear business judgement and very good technical skill.

    Capital Markets: Equity (International Firms) respondentGlobal

  • Cleary has solid technical knowledge of Hong Kong capital markets laws and regulations, strong communication channels with key regulators and the team is highly experienced and responsive.

    Capital Markets: Equity (International Firms) respondentGlobal

Notable Practitioners

Provided by Chambers

  • Freeman Chan
    Freeman Chan

    Freeman Chan

    Freeman Chan co-leads Cleary Gottlieb's equity capital markets team, offering clients three decades' experience advising on Hong Kong IPOs.

    • Freeman is one of the most experienced capital markets lawyers we have worked with. We are impressed by his legal knowledge, industry experience and unique connections.

      Capital Markets: Equity (International Firms) respondentGlobal

    • Freeman has a senior position on the takeover panel, so from a regulatory point of view, you can’t get that insight elsewhere.

      Capital Markets: Equity (International Firms) respondentGlobal

    • I love Freeman!

      Capital Markets: Equity (International Firms) respondentGlobal
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  • Shuang Zhao
    Shuang Zhao

    Shuang Zhao

    Zhao Shuang acts for both issuers and underwriters on IPOs as well as secondary offerings in her role as co-head of Cleary Gottlieb's ECM team. Her clientele includes biotech, fintech and hospitality companies, as well as banks and financial institutions.

    • Shuang has a high commercial sense and has been a trusted adviser to us.

      Capital Markets: Equity (International Firms) respondentGlobal

    • Shuang has high commercial sense and has been a trusted adviser to us.

      Capital Markets: Equity (International Firms) respondentGlobal
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Ranked Individuals at Cleary Gottlieb Steen & Hamilton LLP (2)

China

  • Profile image of Freeman Chan

    Freeman Chan

    Capital Markets: Equity (International Firms)

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  • Profile image of Shuang Zhao

    Shuang Zhao

    Capital Markets: Equity (International Firms)

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