Capital Markets: Equity (International Firms)
Greater China Region Guide 2025 : China
Band 5
Email address
[email protected]Contact number
+9714 313 1700About
Provided by King & Wood Mallesons
As a leader in China's securities and capital markets, we provide cutting-edge legal advice
King & Wood Mallesons (KWM) was one of the first law firms approved to provide legal advice on securities transactions in China. We have a team of experienced lawyers who practise in frontier markets, providing clients with access to the source of “new world” capital through our global network. With unrivalled depth in Asia and as the only international law firm capable of practicing PRC law, we help our regional clients access global capital, and our global clients access Asian capital.
We are uniquely positioned with strength in China, the fastest-growing capital market in the world. We advise multinational companies, financial institutions and Chinese issuers on their A-share, H-share, red chip, ADR and GDR offerings. We also represent Chinese issuers and underwriters in their IPOs on the Shanghai, Shenzhen, Singapore, New York, NASDAQ, and Frankfurt stock exchanges. These projects span almost all sectors, including the largest and most complex transactions in each sector.
Chambers Review
King & Wood Mallesons enjoys a solid reputation for its work representing a range of clients in straight debt and convertible offerings, as well as tender offers and consent solicitations. The firm is able to advise on panda bonds, as well as euro and Singapore dollar-denominated offerings, and also enjoys a growing reputation for representing Chinese issuers in high-yield work. Additionally, the team remains active on notable Hong Kong IPOs and is able to provide US, UK, PRC and Hong Kong law advice. It has a particularly strong reputation in PRC-related matters due to its network of offices there.
Work Highlights
- King & Wood Mallesons advised Ferretti on its listing on Euronext Milan, becoming the first company to be dual-listed in Hong Kong and Italy.
- King & Wood Mallesons acted for China CITlC Bank International as issuer on its offering of USD500 million Tier 2 subordinated notes due 2033 under its USD3 billion MTN programme.
Strengths
Provided by Chambers
"Compared to other firms, they show particularly strong technical knowledge but with a commercial sense. Their advice always perfectly addresses our questions."
"The team has solid expertise, a high level of engagement, and numerous collaborative branches to provide a full range of services."
"They approach intricate legal challenges with a high degree of skill and attention to detail. They identify key issues in complex transactions and develop solutions that meet each case's unique needs."
"Compared to other firms, they show particularly strong technical knowledge but with a commercial sense. Their advice always perfectly addresses our questions."
"The team has solid expertise, a high level of engagement, and numerous collaborative branches to provide a full range of services."
"They approach intricate legal challenges with a high degree of skill and attention to detail. They identify key issues in complex transactions and develop solutions that meet each case's unique needs."
Notable Practitioners
Zhou Hao is co-chief executive of King & Wood Mallesons' Hong Kong office and is recognised as having dual expertise in both investment-grade and high-yield debt offerings.
Michael Lu is a driving force in King & Wood Mallesons' Hong Kong DCM practice and leads matters ranging from the establishment of MTN programmes to tender offers and the issuance of exchangeable bonds.
"His strategic thinking, articulation skills and ability to navigate complex legal and commercial landscapes make him a highly valuable asset."
"Michael is amazing at giving advice with the commercial side of factors in mind. He also has very strong interpersonal skills."
Yue Song wins recognition among peers and clients alike for his expertise in an array of debt capital markets transactions. He regularly advises issuers and underwriters.
"Mr Yue is very serious about his work, good at communicating with clients, and able to clearly explain complex legal issues and provide clients with the most accurate legal advice."
"He's very responsive and gives detailed advice. His dedication to staying abreast of the latest legal developments ensures that his advice is always current and relevant."