Capital Markets: Equity (International Firms)
Greater China Region Guide 2025 : China
Band 2
Contact number
+852 2912 2500Chambers Review
Latham & Watkins has a well-balanced practice assisting clients on ECM, investment-grade debt and high-yield 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.
Work Highlights
- Latham & Watkins advised J&T Global Express on its listing on the Hong Kong Stock Exchange with a weighted voting rights structure.
- The firm acted for Goldman Sachs, Morgan Stanley, CICC and J.P. Morgan as the initial purchasers of NIO's offering of USD575 million 3.875% convertible senior notes due 2029 and USD575 million 4.625% convertible senior notes due 2030.
Strengths
Provided by Chambers
"Latham has highly experienced team members and is well plugged into the industry. They have a strong network with issuers, underwriters and intermediaries."
"Latham has an enviable track record of advising major corporates, sovereign or quasi-sovereign and financial institutions. This enables the team to provide solutions to all kinds of difficult issues."
"The team has strong technical knowledge of legal frameworks, evolving trends and how regulators think. They have deep and analytical thinking when it comes to thinking about risk for the client."
"Latham has highly experienced team members and is well plugged into the industry. They have a strong network with issuers, underwriters and intermediaries."
"Latham has an enviable track record of advising major corporates, sovereign or quasi-sovereign and financial institutions. This enables the team to provide solutions to all kinds of difficult issues."
"The team has strong technical knowledge of legal frameworks, evolving trends and how regulators think. They have deep and analytical thinking when it comes to thinking about risk for the client."
Notable Practitioners
Cathy Yeung is chair of the Greater China capital markets practice at Latham & Watkins and is well equipped to advise clients on high-profile IPOs and secondary listings. She regularly acts for both underwriters and issuers.
Liu Ji is an integral part of Latham & Watkins' investment-grade and high-yield debt teams in Hong Kong, frequently advising PRC real estate and infrastructure development companies and industrial clients as issuers, as well as advising bookrunners.
"He has a deep understanding of Chinese businesses and the industrial rules. He can provide advice based on fair legal angles and commercial sense."
"Liu Ji has deep product knowledge and a very high business sense, and is resourceful in providing solutions."
Benjamin Su is known for his work on equity offerings and is noted for his attentive approach and his expertise in US IPOs.
"He can quickly dissect the issues revolving around a situation and clearly articulate what needs to be done. When he comes back, it is with a clear analysis that has a strong rationale to back it up."
"Benjamin is very experienced and sophisticated."
Allen Wang wins acclaim for his expertise in advising Chinese clients on US listings, with particularly deep experience handling ADS issuances.
Terris Tang brings to bear over 15 years' experience handling IPOs, with particular strength in Hong Kong listings.
"With excellent knowledge and experience in capital market transactions, Terris is very strong technically and thorough in his work. He is also very responsive to requests."
"He is very commercial, gives very fast responses and is also very reachable, so I enjoy working with him."
Ranked Lawyers at
Latham & Watkins LLP
China