Capital Markets: Equity (International Firms)
Greater China Region Guide 2025 : China
Band 1
Email address
[email protected]Contact number
+852 2846 3400About
Provided by Freshfields
Please visit the Freshfields website for more details about our work in these categories:
Debt: https://www.freshfields.com/en-gb/capabilities/services/capital-markets/debt-capital-markets/
Equity: https://www.freshfields.com/en-gb/capabilities/services/capital-markets/equity-capital-markets/
Chambers Review
Freshfields maintains its reputation as a stellar ECM practice, handling some of the largest and most complex deals in the market from its Hong Kong office. The team is respected for advising both Chinese and foreign issuers and bookrunners on IPOs, H-share spin-off listings and block trades. It is also skilled on the DCM front, acting for issuers and underwriters on both US dollar and renminbi-denominated offerings. The team is also active on a range of sizeable work under medium-term note programmes, as well as on convertible and green bond issuances. It handles transactions relating to the transport, pharmaceutical and healthcare industries.
Work Highlights
- The firm's equity capital markets team advised REPT BATTERO Energy on the global offering and listing of its H-shares on the Hong Kong Stock Exchange.
- Freshfields advised Shaanxi Financial Assets Management on its issuance of USD200 million 5.8% bonds, due 2027.
Strengths
Provided by Chambers
"Freshfields are proactive advisers and can propose multiple alternatives when encountering complex situations or difficulties."
"They are characterised by a profound commercial acumen that underpins their responsive and insightful handling of enquiries. This team is not one to shy away from offering definitive guidance."
"I am deeply impressed by the Freshfields team's ability to work on large and complex deals. The team are able to come up with innovative solutions."
"Freshfields are proactive advisers and can propose multiple alternatives when encountering complex situations or difficulties."
"They are characterised by a profound commercial acumen that underpins their responsive and insightful handling of enquiries. This team is not one to shy away from offering definitive guidance."
"I am deeply impressed by the Freshfields team's ability to work on large and complex deals. The team are able to come up with innovative solutions."
Notable Practitioners
Teresa Ko advises on some of Freshfields' weightiest listings and draws on a deep well of regulatory expertise, reflected in her position as co-chair of HKEX's Listing Review Committee. She chairs the firm's China practice.
"She is extremely experienced and has a great relationship with regulators."
"Teresa is well respected in the legal market. She has been taking care of the most significant and complicated transactions in Hong Kong for decades."
"She is the best Hong Kong capital markets lawyer and the go-to person to handle completely new or complicated securities law issues."
Grace Huang co-heads Freshfields' global capital markets group and is a widely respected specialist adviser on all manner of equity capital markets transactions.
"One of the best and most experienced corporate finance IPO lawyers in Hong Kong."
"It's always great to have Grace on any deal. She is a trusted partner in navigating complex situations together."
"Grace is the most solid and technically strong partner I have worked with."
Guan Bing leads Freshfields' China DCM practice and is well regarded by Chinese SOEs and corporates for assisting them with debt issuances and raising funds.
"He has a strong sense of customer service and can achieve a good relationship with clients."
Richard Wang advises Chinese issuers and bookrunners on SEHK listings. He is head of the Freshfields China equity capital markets practice.
"He has remarkable analytical and problem-solving skills."