Capital Markets: Derivatives & Structured Products (International Firms)
Greater China Region Guide 2025 : China
Band 1
Contact number
+852 2842 4888About
Provided by Linklaters
Linklaters has one of the leading derivatives, structured finance and securitisation practice teams in Asia. Our award-winning team works on the most innovative and market-leading transactions and continuously delivers solutions for structurally complex deals that help our clients navigate the ever-changing nature of financial regulation in Greater China and Asia. The Linklaters team have advised international banks and other major financial institutions on their complex Mainland China and Hong Kong SAR related matters, including advising the Shanghai Clearing House and a number of global banks on close out netting of derivatives transactions including amendment to ISDA, GMRA and other derivatives documentation.
Chambers Review
Linklaters' deeply resourced structured finance and derivatives team boasts a strong bench advising on margin loans and QFII structures and is hugely influential in the OTC derivatives market. A prominent practice advising on regulatory developments pertaining to OTC clearing and exchange trading, it is also highly commended for its standout securitisation practice, which is most notably active in China and is a first port of call for advice on regulatory development. The team is active on cross-border loan repackaging and the issuance of repackaged notes, as well as advising on covered bonds. It commonly acts for relevant regulators, financial institutions and SOEs. Clients benefit from the firm's joint operation with Zhao Sheng Law Firm.
Work Highlights
- Linklaters advised ING as arranger and initial subscriber on the establishment of an HKD2 billion mortgage secured note programme and issuance of notes thereunder by a Cayman Island domiciled orphan issuing vehicle.
- The firm also advised Harvest Global Investments on the issuance of its tokenised fund in Hong Kong.
Strengths
Provided by Chambers
"They are very strong in areas where there are no clear answers, using their deep understanding of the regulatory landscape and local regulators to arrive at practical but defensible outcomes."
"Linklaters distinguish themselves with their in-depth industry knowledge, which allows them to give commercial and client-specific advice. This team is our go-to on the street for complex matters."
"They are very strong in areas where there are no clear answers, using their deep understanding of the regulatory landscape and local regulators to arrive at practical but defensible outcomes."
"Linklaters distinguish themselves with their in-depth industry knowledge, which allows them to give commercial and client-specific advice. This team is our go-to on the street for complex matters."
Notable Practitioners
Liew Chin-Chong is a key driver in Linklaters' derivatives and structured products team in Hong Kong, offering market-leading expertise on all manner of derivatives and structured products-related work.
"Liew Chin-Chong has extensive experience in the derivative fields. He is very smart. He keeps the key concepts but simplifies them so the merchants can understand them."
"He has high visibility and influence in legal affairs. He can fully understand client needs and provide targeted legal solutions, which are widely recognised by the industry and clients."
Victor Wan has a distinguished reputation in the derivatives and securitisation space. He advises on a range of matters from his base in Linklaters' Hong Kong office, including cross-border margin loans and structuring securities packages.
"Victor is a leading practitioner in the Asian derivatives market. He is always our first port of call for complex derivative transactions."
Soong I-Ping offers expert advice on regulatory aspects of derivatives and margin deals. Her expertise is highly sought after by a number of banks.
"She is extremely responsive, thoughtful and a subject matter expert with knowledge of the industry and the latest trends. She is precise, careful and practical and her work is accessible and on point."
"Soong is very meticulous and very accommodating from a client's point of view in achieving commercial goals, balancing client demands and accommodating time frames."
Stephen Song is an experienced adviser on margin loans and total return swaps. He often acts for syndicated and individual banking clients.
"Stephen is very smart and has a great depth of knowledge of the Hong Kong derivative market. He takes the initiative to share relevant know-how and makes himself available to discuss initial queries."
"Stephen is very responsive, comprehensive and thoughtful in his advice."
Ranked Lawyers at
Linklaters
China