Greater China Region China Capital Markets: Hong Kong and Overseas Issuances

Commerce & Finance Law Offices has a leading practice with impressive market expertise. The law firm possesses a capable bench of capital markets specialists. It is especially well regarded for its expert knowledge of overseas structures, and often mandated by major underwriters on both equity and debt transactions. The team regularly advises clients on listings in Hong Kong, as well as cross-border bond issuances. Commerce & Finance Law Offices demonstrates a strong track record in handling corporate financing transactions, including H-share offerings and dual listings for clients. It is noted for its focus on the logistics, TMT, new energy and real estate sectors. The practice counts The Export-Import Bank of China, Weichai Power and Goldman Sachs (Asia) amongst its clients.

Haiwen & Partners is a well-established practice with considerable experience in a variety of overseas transactions, including IPOs, bond issuances and debt offerings. The team is active in Hong Kong, Luxembourg and US-related capital markets mandates. It remains a counsel of choice for underwriter clients. The law firm maintains offices in Shenzhen and Hong Kong to complement the firm's presence in Shanghai and Beijing. It acts for an impressive array of national banks and investment groups. It is also favoured as legal counsel by issuers for undertaking backdoor listings. The firm is noted for its growing capacity to handle domestic equity and debt offerings. Its enviable clientele include China Mobile, Kuaishou Technology and China Huarong Asset Management.

Jingtian & Gongcheng maintains its top spot in the Hong Kong and overseas issuance market table this year, standing out for its strength in equity and bonds issuances in the Hong Kong, Singapore and New York markets, especially in government bond matters. The firm is a popular choice in heavyweight capital markets deals. It also offers expertise in the domestic market, regularly assisting issuers and underwriters. The team is known for expertise advising on equity listings, placings and trades. The law firm has a deep understanding of the variable interest entity (VIE) structure. Jingtian & Gongcheng is lauded for its industry knowledge in real estate and healthcare, facilitating the IPOs for many companies from those sectors. It also serves clients from hi-tech and internet industries. ANE (Cayman), Yuexiu Services Group and Helens International Holdings are examples of its clients.

King & Wood Mallesons remains top of the market for domestic, Hong Kong and overseas issuances. The team fields a deep bench with top-notch expertise across the securities arena, leveraging its global network to advise clients on complex onshore and offshore listings, refinancings and private equity financings. It is particularly well versed in pre-IPO structuring. Its expertise is in high demand among issuers and underwriters, and also extends to bond issuances for both state-owned and privately owned clients. China International Capital Corporation (CICC), ZJMI Environmental Energy and Cheerwin Group are examples of the practice's clients.

Zhong Lun Law Firm remains a market-leading team with a full-service offering across the spectrum of capital markets issuances. The firm maintains a balanced practice onshore and offshore. It provides a well-rounded service in A-share, H-share and red-chip bond issuances and other listings such as CDR issuances. The team is equally accomplished in representing clients in both equity and debt matters and has considerable experience representing domestic entities and financial institutions. Its clients include China Three Gorges Renewables (Group), GalaxyCore and Goldman Sachs.

Fangda Partners is a solid corporate practice with extensive experience in overseas equity and debt offerings, including IPOs and H-share convertible issuance. It is known for advising on listings in the USA, Singapore and Hong Kong. The team is equipped to handle corporate bonds, perpetual bonds and panda bonds issuances. Fangda Partners continues to serve a host of leading pharmaceutical, biotech and internet companies, as well as financial institutions. New Horizon Health, Aztech Global and Asian Development Bank are examples of its clients. The law firm is active in representing both issuers and underwriters in the domestic market, especially with regard to companies delisted from overseas markets returning to the domestic market.

Global Law Office represents clients in both domestic and international securities offerings, including listings on the Hong Kong and Singapore stock exchanges, and is especially known for variable interest entity (VIE) structures and red-chip-related work. It is regularly sought out for advice on large-scale structured debt issuances. The team has also accumulated substantial expertise in acting on asset securitisation products in capital markets. It is noted for its excellent cross-border capabilities and a popular choice for novel transactions. The firm combines its expertise in different industries such as healthcare and electronics to enhance its capital markets offering. Its clients include CICC, HHC Group and Shanghai Hajime Advanced Material Technology.

Han Kun Law Offices is reputed for its expertise in overseas and cross-border transactions, especially in relation to US listings at the New York Stock Exchange and on Nasdaq. It remains a popular choice for domestic TMT companies as well as underwriters. The team is active on IPOs on the Hong Kong Stock Exchange, drawing resources from its bases in both the mainland and Hong Kong. The firm is additionally well versed in pre-IPO private equity, privatisation and red-chip matters. It is favoured by large corporates on offshore note issuances. The practice counts Li Auto, Angelalign Technology and NIO amongst its clients.

Jia Yuan Law Offices covers the full range of domestic and overseas transactions, including IPOs, non-public offerings and the restructuring of public companies. The law firm is adept at advising on listings on the New York Stock Exchange. The team predominantly acts for state-owned enterprise clients. It is equally capable with regard to A-share and H-share issuances. Jia Yuan assists corporate clients in a wide variety of industries, including technology, financial services and pharmaceuticals, such as Dongguan Rural Commercial Bank, Asieris Pharmaceuticals and Tuya.

Tian Yuan Law Firm houses a sizeable securities team and consistently attracts work from SOE clients in relation to the full spectrum of capital markets transactions. It demonstrates a market-leading track record in handling domestic issuances and is active in relation to non-public A-share offerings. Tian Yuan is able to assist with complex equity offerings and alternative listing mechanisms. The firm also advises on private equity matters. It boasts a strong offering on H-shares and overseas issuances thanks to a capable bench of capital markets specialists operating out of its Hong Kong office. China International Capital Corporation (CICC), China Youran Dairy Group and China National Chemical Engineering are examples of its clients.

DeHeng Law Offices assists a range of banks with onshore debt and equity offerings relating to IPOs, corporate bonds, preferred share and guaranteed notes issuance, with additional capabilities in major asset restructuring and corporate governance. The team is noted for its additional experience in handling debt-for-equity swaps. It is reputed for its experience in handling listings on the Shanghai, Shenzhen and Hong Kong Stock Exchanges for state-owned enterprises and private corporates. China Railway Construction Heavy Industry, China National Gold Group Gold Jewellery and CNOOC are amongst its clients.

Guantao Law Firm represents clients from a wide variety of industries such as finance, construction, metals, electronics, pharmaceuticals and transportation. It takes on onshore and offshore transactions, with a focus on cross-border listings and bond issuances in Hong Kong and Singapore. The team is favoured as issuer's counsel by a wide range of trading houses for bond and equity issuances. It has additional capabilities in handling mergers and asset restructurings on behalf of domestic clients. Guantao is also active on A-share listings on the Shanghai and Shenzhen Stock Exchange. Qingdao NovelBeam Technology, KEDE Numerical Control and Suzhou Iron Technology are amongst its clientele.

Shihui Partners stands out for its impressive expertise representing high-value clients in cross-border listings as well as related financings and restructurings. The firm is also adept in equity transactions including acquisitions and spin-off matters. Its client roster features major Chinese technology and life sciences companies, such as JD Logistics, Zhongjing Wanxi Pharmaceutical, and Beijing Yidianyun Network Technology.