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Clifford Chance LLP

Capital Markets: Equity (International Firms)

Greater China Region Guide 2026 : China

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Clifford Chance LLP

Rankings

Chambers Review

Provided by Chambers

Capital Markets: Equity (International Firms) - China

Band 1

What the Team is Known For

Clifford Chance boasts an excellent track record of taking on large and complex IPOs on behalf of issuers, sponsors and underwriters, as well as handling a range of high-value secondary share offerings. One of the standout ECM teams in the region, it regularly advises on major transactions and also has an enviable DCM practice, assisting on the issuance of a range of products, including hybrid, panda and dim sum bonds. The team is equipped to offer Hong Kong and US legal advice, as well as collaborating closely with its UK and European offices on cross-border matters. It consistently represents leading international and Chinese banks and investment corporations.

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Work Highlights

Provided by Chambers

  • Clifford Chance advised Mao Geping Cosmetics on its approximately USD300 million initial public offering and listing on the main board of the Hong Kong Stock Exchange.

  • Clifford Chance advised Health and Happiness International Holdings on its USD120.2 million 13.5% Senior Notes due 2026, a tap issuance of its previous 2026 USD senior notes offering.

  • Clifford Chance advised Barclays, Citigroup, Deutsche Bank, JP Morgan and Standard Chartered Bank as underwriters on Vedanta Resources Finance II's issuance of USD300 million 10.875% guaranteed senior bonds due 2029 which are to be consolidated and form a single series with the USD900 million 10.875%.

Strengths

Provided by Chambers

  • Clifford Chance has a very solid Hong Kong capital markets team.

    Capital Markets: Equity (International Firms) respondentGreater China Region

  • When it comes to complex and sophisticated matters, partners covering the transaction are very responsive and willing to take views on complicated matters and help resolve issues in an efficient way.

    Capital Markets: Equity (International Firms) respondentGreater China Region

  • The CC team can deliver sound, practical advice on complex matters due to their broad experience across capital markets, often anticipating potential issues and offering effective solutions.

    Capital Markets: Equity (International Firms) respondentGreater China Region

Notable Practitioners

Provided by Chambers

  • Connie Heng
    Connie Heng

    Connie Heng

    Connie Heng is head of Clifford Chance's DCM team in Hong Kong and advises domestic and international banks as underwriters, as well as assisting Chinese clients with a range of investment-grade issuances.

    • Connie has demonstrated exceptional expertise in debt issuance areas and has shown outstanding responsiveness to our requests.

      Capital Markets: Equity (International Firms) respondentGreater China Region

    • Connie is a very experienced practitioner with excellent commercial sense. She has a strong team, but also spends time being hands-on in transactions.

      Capital Markets: Equity (International Firms) respondentGreater China Region
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  • Tim Wang
    Tim Wang

    Tim Wang

    Tim Wang is chair of the China practice for Clifford Chance in China and the head of its equity capital markets practice. He is best known for acting for domestic issuers on their SEHK IPOs. He has a wealth of experience representing corporations and financial institutions.

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  • Alan Yeung
    Alan Yeung

    Alan Yeung

    Alan Yeung in Clifford Chance's Hong Kong office remains a recognised top-tier high-yield debt practitioner. He is counsel of choice among financial institutions and corporates.

    • He has in-depth knowledge of the product and is super responsive.

      Capital Markets: Equity (International Firms) respondentGreater China Region

    • Alan is a great lawyer to work with. He is technically strong and always willing to help. He is consistently hands-on in his deals and gives valuable advice.

      Capital Markets: Equity (International Firms) respondentGreater China Region
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  • Angela Chan
    Angela Chan

    Angela Chan

    Angela Chan regularly advises on the issuance of exchangeable bonds, offshore offerings and MTN programmes, as well as sustainability-linked offerings. She is well placed to assist issuers and underwriters.

    • Angela has a rare mix of deep knowledge of the securities market, commercial sense and the ability to create innovative solutions. Angela has all of that and is an absolute safe pair of hands.

      Capital Markets: Equity (International Firms) respondentGreater China Region

    • Angela is extremely sophisticated and provides holistic solutions to the bank and issuer clients.

      Capital Markets: Equity (International Firms) respondentGreater China Region
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  • Liu Fang
    Liu Fang

    Liu Fang

    Fang Liu frequently advises issuers on their Hong Kong IPOs. His clientele includes banks, pharmaceutical companies, entertainment companies and investment holding groups.
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  • Mark Chan
    Mark Chan

    Mark Chan

    Mark Chan is well regarded for advising on a range of bond issuances, including sustainability-linked bonds and dim sum bonds.

    • Mark Chan has been very helpful in terms of structuring. He offers bespoke solutions to complex deal structures.

      Capital Markets: Equity (International Firms) respondentGreater China Region
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  • David Tsai
    David Tsai

    David Tsai

    David Tsai offers Clifford Chance's clients nearly 15 years' experience advising on a range of transactions associated with investment-grade issuances, including Reg S, dim sum and green bonds.

    • I appreciate David's steady handling of transactions.

      Capital Markets: Equity (International Firms) respondentGreater China Region
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  • Virginia Lee
    Virginia Lee

    Virginia Lee

    Virginia Lee is a rising ECM partner who advises a number of prominent clients on Hong Kong IPOs, including Chapter 18A listings. She is equipped to advise both issuers and sponsors.
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  • Tianning Xiang
    Tianning Xiang

    Tianning Xiang

    Xiang Tianning is based in Clifford Chance's Beijing office and is increasingly in demand for his advice on Hong Kong IPOs, often advising sponsors and PRC issuers.

    • Tianning is very responsive and responsible.

      Capital Markets: Equity (International Firms) respondentGreater China Region
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Ranked Individuals at Clifford Chance LLP (9)

China

  • Profile image of Connie Heng

    Connie Heng

    Capital Markets: Debt (International Firms)

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  • Profile image of Angela Chan

    Angela Chan

    Capital Markets: Debt (International Firms)

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  • Profile image of David Tsai

    David Tsai

    Capital Markets: Debt (International Firms)

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  • Profile image of Tim Wang

    Tim Wang

    Capital Markets: Equity (International Firms)

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  • Profile image of Liu Fang

    Liu Fang

    Capital Markets: Equity (International Firms)

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  • Profile image of Virginia Lee

    Virginia Lee

    Capital Markets: Equity (International Firms)

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  • Profile image of Tianning Xiang

    Tianning Xiang

    Capital Markets: Equity (International Firms)

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  • Profile image of Alan Yeung

    Alan Yeung

    Capital Markets: High-Yield Products (International Firms)

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