Chambers Review

Provided by Chambers

Capital Markets: Debt (International Firms) - China

1
Band 1

What the Team is Known For

Linklaters' Hong Kong-based debt team boasts a very strong reputation for its work on both straight and hybrid bond offerings, as well as notable experience in large green and sustainability bond issuances. The team is also well known for its specialist focus on commercial paper and renminbi bond offerings, and is increasingly prominent in handling complex high-yield note offerings. Additionally, the firm fields a well-respected equity practice which often handles significant IPOs, follow-on offerings and block trades. The unified practice advises clients on English, US and Hong Kong law issues and regularly acts for major Chinese and international banks and Hong Kong-listed companies, as well as a robust stable of SOEs.

Work Highlights

  • Linklaters acted as the Hong Kong and US counsel for the joint sponsors and underwriters on the global offering and listing of H-shares of Contemporary Amperex Technology on the Main Board of the Hong Kong Stock Exchange.

  • Linklaters advised Country Garden Holdings on the holistic restructuring of its offshore liabilities, including 15 series of public notes, various syndicated and other private financing arrangements, project financings and convertible bonds.

  • Linklaters advised the Ministry of Finance of the People’s Republic of China on its issuance of USD2 billion Rule 144A and Reg S sovereign bonds.

Strengths

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Notable Practitioners

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William Liu
E
William Liu
E
Eminent Practitioners
William Liu of Linklaters' Hong Kong office offers clients deep expertise in investment-grade DCM mandates, with additional strengths in high-yield products.

He demonstrates excellent leadership and problem-solving skills.

William demonstrates that he has very close client relationships by providing a very high level of professionalism and sophistication, as well as a high level of commercial awareness.

William is a perfect team leader and trusted adviser.

Michael Ng
1
Michael Ng
1
Band 1
Michael Ng regularly acts for Linklaters' Chinese banking and financial institution clients on offshore bond offerings, as well as advising on MTN programmes and assisting with debt restructuring and transactions.

Michael is approachable and easy to work with.

Michael is very hands-on and technically excellent. His expertise in DCM matters is unmatchable. His advice is always clear and comprehensive and he has strong value-add on transactions.

Terence Lau
2
Terence Lau
2
Band 2
Terence Lau is noted for his investment-grade DCM practice, which includes advising on offshore and green bond issuances. He typically advises banks and private equity investors.

He is a trusted adviser who provides timely and clear advice on the most complicated issues. He's always willing to help us understand industry trends and I greatly appreciate his unwavering support.

Terence is a great help on bond issuances. He always provides swift and professional responses.

Terence is knowledgeable and pragmatic, very prompt in his responses and never leaves questions unsolved. He is our go-to partner whenever there are complex transactional matters or novel structures.

5
Christine Xu
5
Band 5

Christine Xu heads Linklaters' ECM team in Hong Kong and enjoys a stellar reputation for advising sponsors and underwriters on global H-share listings. She is also experienced in acting for Chinese issuers on both IPOs and share placements.

Christine is well rounded and combines robust technical expertise, strategic insight, deep industry knowledge and strong commercial awareness. She's consistently accessible and highly responsive.

She managed the process very well in a heavily regulated sector. She also bridged the different parties in the deal very well and is very commercially-minded.

Christine is remarkable. She's very solid in technical skills but also very commercial. She provides very tailored solutions to the client on the most sophisticated deals.

Donnelly Chan
5
Donnelly Chan
5
Band 5

Donnelly Chan advises issuers, underwriters and sponsors on listings and secondary offerings on the Hong Kong Stock Exchange.

Donnelly is able to speak to the exchange to get a particular view and those insights are useful.

Donnelly is very hands-on and responsive. He is always capable of coming up with bespoke solutions to navigate through problems.

He understands the Hong Kong and China capital markets well and delivers expert advice. He is tremendously client service-focused.

Gloria Cheung
5
Gloria Cheung
5
Band 5
Gloria Cheung often advises Hong Kong and PRC financial institutions and government entities on a variety of debt capital markets transactions, including government green bond issuances and issuances under MTN programmes.
Hanwen Yu
5
Hanwen Yu
5
Band 5
Yu Hanwen has a growing reputation and is deemed an up-and-comer in the DCM space. He has experience advising banks and financial institutions on bonds and securities transactions, including green bond issuances and MTN programmes.

Mr. Yu is very professional and responsible, always able to respond to clients' requests in a timely and accurate manner and provides flexible and professional solutions.

Hanwen is very strong in distilling sophisticated technical issues into business-focused solutions. His insights into market trends are much valued and he's highly responsive and accessible.

Hanwen is on top of issues and reliable.

Lipton Li
5
Lipton Li
5
Band 5
Lipton Li has a notable ECM practice and is regularly mandated to handle Hong Kong IPOs, as well as GDR listings, including a number of deals on the SIX Swiss Exchange.

He is really client-oriented in everything he does. He is always available and very responsive. He is very detail-oriented and has a wide portfolio in terms of expertise and client base.

Lipton’s advice is always clear, commercially focused and tailored to our strategy. He is highly responsive and anticipates potential challenges and offers creative solutions that add real value.

Taiki Ki
5
Taiki Ki
5
Band 5
Ki Taiki has an increasingly visible DCM practice, with a particular focus on convertible bonds. His recent matters include advice for solicitation agents on consent solicitations and advising bondholders on the restructuring of convertible bonds.

Taiki is always able to help us go through the deal logic and strike a balance.

Taiki is very reliable and knowledgeable, on top of legal issues and a quick thinker with business acumen. I strongly recommend her.

U
Min Fang
U
Up and Coming

Fang Min is an increasingly visible investment-grade DCM partner who is regularly active on the issuance of sovereign and local government bonds for issuers, as well as handling ESG and exchangeable bond issuances.

Min is diligent, patient, reliable and a trusted advisor. She provides clear, practical solutions, communicates proactively and brings a collaborative, client-focused approach to every transaction.

Her deep knowledge of innovative structures and regulatory and operational nuances and market practices ensured smooth execution, even under a tight timeline.

Shan Jiang
U
Shan Jiang
U
Up and Coming
Jiang Shan is a New York-qualified lawyer based in Linklaters' Hong Kong office who is well regarded for advising both banks and underwriters on the issuance of high-yield products.

Mr. Jiang’s commercial awareness and knowledge in business, finance and the relevant industry make him a well-rounded lawyer, and this is especially important for high-yield transactions.

Shan Jiang has maintained a consistently high level of professionalism and keeps abreast of the latest market information and developments to provide the most updated advice for us.

Shan is diligent and patient and can put himself into others' shoes. He gets difficult issues resolved.

Ranked Lawyers at
Linklaters

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Filter by
Band

China

Capital Markets: Debt (International Firms)

William Liu
E
William Liu
E
Eminent Practitioners
Michael Ng
1
Michael Ng
1
Band 1
Terence Lau
2
Terence Lau
2
Band 2
Gloria Cheung
5
Gloria Cheung
5
Band 5
Hanwen Yu
5
Hanwen Yu
5
Band 5
Taiki Ki
5
Taiki Ki
5
Band 5
U
Min Fang
U
Up and Coming
Capital Markets: Equity (International Firms)

5
Christine Xu
5
Band 5
Donnelly Chan
5
Donnelly Chan
5
Band 5
Lipton Li
5
Lipton Li
5
Band 5
Capital Markets: High-Yield Products (International Firms)

William Liu
E
William Liu
E
Eminent Practitioners
Shan Jiang
U
Shan Jiang
U
Up and Coming