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Latham & Watkins LLP

Capital Markets: Debt (International Firms)

Greater China Region Guide 2026 : China

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Latham & Watkins LLP

Rankings

Chambers Review

Provided by Chambers

Capital Markets: Debt (International Firms) - China

Band 3

What the Team is Known For

Latham & Watkins has a well-balanced practice assisting clients on ECM and investment-grade debt work. The firm continues to act on a wide range of debt transactions, working on deals originating in China and abroad, regularly assisting Chinese SOEs and private companies and often acting for property developers and industrial clients. It is notably active advising on convertible bonds and other hybrid issuances, as well as sustainability-linked issuances and private placements. The ECM team has a strong track record of acting on significant IPOs for clients in the healthcare, technology, real estate and finance industries. The firm offers an integrated team with US, Hong Kong and UK law capabilities.

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Work Highlights

Provided by Chambers

  • Latham advised the underwriters on Alibaba’s issuance of USD5 billion aggregate principal amount of 0.50% convertible senior notes due 2031, as well as the concurrent hedging arrangements in the form of the capped call transactions and the concurrent buyback of Alibaba’s ADSs from certain investors in the notes.

  • Latham & Watkins advised the joint sponsors and underwriters on the HKD1.4 billion IPO of Hainan Drinda New Energy Technology on The Stock Exchange of Hong Kong.

Strengths

Provided by Chambers

  • It is the go-to law firm in equity-linked transactions and always responsive, helpful and professional. Latham & Watkins has been very helpful to our business and is a valued partner.

    Capital Markets: Debt (International Firms) respondentGreater China Region

  • For equity-linked issuances, it is leading in the region, particularly for complex and structured transactions. The team is super responsive, has good depth and is very commercially minded.

    Capital Markets: Debt (International Firms) respondentGreater China Region

  • They are very responsive and very proactive in delivering services to us.

    Capital Markets: Debt (International Firms) respondentGreater China Region

Notable Practitioners

Provided by Chambers

  • Ji Liu
    Ji Liu

    Ji Liu

    Liu Ji heads Latham & Watkins' investment-grade debt team in Hong Kong, frequently advising PRC real estate and infrastructure development companies and industrial clients as issuers, as well as advising bookrunners.

    • He's well balanced in his experience, very reliable and works around the clock. He always gives us enough attention.

      Capital Markets: Debt (International Firms) respondentGreater China Region

    • Liu Ji has great business vision.

      Capital Markets: Debt (International Firms) respondentGreater China Region
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  • Benjamin Su
    Benjamin Su

    Benjamin Su

    Benjamin Su is known for his work on equity offerings and is noted for his attentive approach and his expertise in US IPOs.

    • He's extremely knowledgeable on the rules and legal requirements and always offers the most suitable advice to clients.

      Capital Markets: Debt (International Firms) respondentGreater China Region
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  • Allen Wang
    Allen Wang

    Allen Wang

    Allen Wang wins acclaim for his expertise in advising Chinese clients on US listings, with particularly deep experience handling ADS issuances.
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  • Terris Tang
    Terris Tang

    Terris Tang

    Terris Tang brings to bear over 15 years' experience handling IPOs, with particular strength in Hong Kong listings.

    • Terris Tang is a very experienced corporate legal adviser and partner. He knows his team and subordinates well and he can lead his team to provide instant and professional services.

      Capital Markets: Debt (International Firms) respondentGreater China Region
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  • Daying Zhang
    Daying Zhang

    Daying Zhang

    Zhang Daying wins strong recognition from the market for her work handling both US-registered equity offerings as well as offerings on the Hong Kong Stock Exchange.

    • Zhang Daying is a US track counsel, but her understanding of the Hong Kong market is impressive. Her participation helped out in matters beyond the US law side.

      Capital Markets: Debt (International Firms) respondentGreater China Region

    • For the US work, Daying Zhang is the key partner. She's very helpful, even on issues other than US IPOs.

      Capital Markets: Debt (International Firms) respondentGreater China Region
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Ranked Individuals at Latham & Watkins LLP (5)

China

  • Profile image of Benjamin Su

    Benjamin Su

    Capital Markets: Equity (International Firms)

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  • Profile image of Allen Wang

    Allen Wang

    Capital Markets: Equity (International Firms)

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  • Profile image of Terris Tang

    Terris Tang

    Capital Markets: Equity (International Firms)

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  • Profile image of Daying Zhang

    Daying Zhang

    Capital Markets: Equity (International Firms)

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