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Sullivan & Cromwell LLP

Capital Markets: Equity (International Firms)

Global Guide 2026 : China

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Sullivan & Cromwell LLP

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About

Provided by Sullivan & Cromwell LLP

To learn about our practice, please visit https://www.sullcrom.com/PracticeListing.

Chambers Review

Provided by Chambers

Capital Markets: Equity (International Firms) - China

Band 4

What the Team is Known For
Offering a well-known practice with a core strength in advising on Hong Kong IPOs, Sullivan & Cromwell's additional capabilities include representing underwriters in rights issues and H-share offerings. The team is also able to advise on complex hybrid securities offerings and continues to advise a broad portfolio of clients in Mainland China and Taiwan, with recent work spanning the TMT, fintech and biotech sectors, as well as acting for healthcare and education sector clients. It works closely with its branches across the world to provide a comprehensive cross-border service.
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Work Highlights

Provided by Chambers

  • Sullivan & Cromwell advised China International Capital Corporation Hong Kong Securities and JP Morgan Securities (Asia Pacific), among other underwriters, on the approximately USD84 million Hong Kong IPO of LianLian DigiTech.

Strengths

Provided by Chambers

  • The team has deep expertise across complex capital markets, including structuring, documentation and regulatory navigation.

    Capital Markets: Equity (International Firms) respondentGlobal

  • The team is able to quickly understand the customer's situation in the industry and the characteristics of their industry.

    Capital Markets: Equity (International Firms) respondentGlobal

  • The firm has covered Taiwan for a long time. Given their experience, I believe their knowledge of Taiwan issuers, industries and culture is a huge advantage.

    Capital Markets: Equity (International Firms) respondentGlobal

Notable Practitioners

Provided by Chambers

  • Gwen Wong
    Gwen Wong

    Gwen Wong

    Gwen Wong continues to advise on Hong Kong IPOs in the biotech, pharmaceutical and cement sectors alongside her role as managing partner of Sullivan & Cromwell's Beijing office.

    • Gwen is very experienced in Hong Kong capital markets. She provides very practical and useful advice.

      Capital Markets: Equity (International Firms) respondentGlobal
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  • Kay Ian Ng
    Kay Ian Ng

    Kay Ian Ng

    Ng Kay Ian leads much of Sullivan & Cromwell's most notable ECM work while also acting as managing partner of the firm's Hong Kong office. He remains a popular choice among underwriters.

    • He's a top figurehead in the field.

      Capital Markets: Equity (International Firms) respondentGlobal

    • He's very senior in the firm and has the connections. In terms of networking, he's very resourceful and a very decent legal counsel.

      Capital Markets: Equity (International Firms) respondentGlobal
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  • Ching-Yang Lin
    Ching-Yang Lin

    Ching-Yang Lin

    Lin Ching-Yang has emerged as a crucial component of the Sullivan & Cromwell equity capital markets practice, regularly advising on a range of IPOs, delistings and rights issues.

    • He stays up-to-date and close to clients and is quite hands-on. Clients like him a lot as he is always trying to be helpful. He comprehends commercial issues quite well and knows the space very well.

      Capital Markets: Equity (International Firms) respondentGlobal

    • He is very articulate and often able to explain complicated matters in a simple and clear manner, which is extremely helpful

      Capital Markets: Equity (International Firms) respondentGlobal

    • Ching-Yang is very experienced and trustworthy, with great commercial sense.

      Capital Markets: Equity (International Firms) respondentGlobal
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Ranked Individuals at Sullivan & Cromwell LLP (3)

China

  • Profile image of Gwen Wong

    Gwen Wong

    Capital Markets: Equity (International Firms)

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  • Profile image of Kay Ian Ng

    Kay Ian Ng

    Capital Markets: Equity (International Firms)

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  • Profile image of Ching-Yang Lin

    Ching-Yang Lin

    Capital Markets: Equity (International Firms)

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