Capital Markets: Securitisation & Derivatives (PRC Firms) | Greater China Region

FenXun Partners maintains its top-tier position after continued recognition from peers and clients alike for its broad scope of capabilities. The firm is an authority in the securitisation market, especially for the securitisation of corporate assets. The firm has experience working with a variety of underlying assets, such as lease receivables, small loans and credit rights of non-performing assets. The team is involved in a number of complex supply chain asset securitisations. It is regularly mandated on REITs and ABS matters. Its client roster includes asset management and securities companies, and the team is also highlighted for innovative securitisation work for technology companies. The firm's clients benefit from its partnership with Baker McKenzie and the access to global resources that it provides.

Global Law Office houses a skilled team that advises on securitisation and derivatives work and is especially recommended for its ability to structure complex products with bespoke features. The law firm is often instructed on matters involving structured trust schemes and OTC derivatives, with additional experience handling derivatives disputes. The firm also offers advice in relation to CMBS. The team is experienced in transactions involving non-performing loans as the underlying asset. Its clients also benefit from its experience handling cross-border transactions as well as its local presence in Beijing, Shanghai and Shenzhen. It remains counsel of choice for an impressive range of regional and national financial institutions.

King & Wood Mallesons maintains a strong reputation for structured finance and securitisation work through public offerings and private placements. The law firm houses specialist teams based in both the northern and southern Chinese markets. It provides advice for a variety of clients, including commercial banks, asset management companies, and financial leasing and technology companies. The team regularly cooperates with its securitisation and derivatives teams in Hong Kong and Australia. It additionally handles green asset-backed securitisation projects.

Zhong Lun Law Firm is a leading practice in the securitisation arena, drawing on resources across its offices in Beijing, Shanghai, Shenzhen, Qingdao, Wuhan and New York. The firm has an impressive track record on transactions including CLOs, auto ABS, non-performing asset securitisation and RMBS, taking up a good share of the overall market. It remains a counsel of choice for commercial banks and asset management companies. The team is noted for its expertise in real estate-related transactions. The firm is adept at representing both sponsors and underwriters.

AllBright Law Offices frequently represents both underwriters and issuers in asset securitisation in the financial services, real estate and transportation sectors, among others. The team acts for a variety of clients, such as financial leasing companies and asset management companies, in multiple provinces across China, including Anhui and Fujian.

The team at Dacheng Law Offices boasts a strong skill set in dealing with a range of financial instruments, regularly dealing with futures, options, forwards, swaps, ABS and RMBS. It is routinely instructed by a large range of state-owned enterprises and banks to handle securitisation work. The firm has offices in several major cities, including Beijing, Shanghai, Nanjing, Guangzhou and Shenzhen, enabling service to regional as well as national banks.

Fangda Partners' securitisation practice is a capable element of the firm's broader full-service offering. The team receives regular mandates from well-known securities companies. It is mandated by state-owned investment firms to handle structured finance projects, alongside the underwriting of asset-backed commercial paper. Fangda is sought after in particular for its expertise in asset-backed securitisation and REITs projects.

Han Kun Law Offices draws on its expertise to advise its clients on a wide range of asset-backed securitisation transactions. It is also sought after for its advice on REITs and is mandated by well-known real estate companies. The team is frequented by notable clients across a range of industries such as infrastructure, energy and finance.

Jia Yuan Law Offices comes recommended thanks to its focused asset securitisation practice. The team is particularly active representing underwriters and regularly mandated by major SOEs from various sectors such as infrastructure, construction and financial services. Its capabilities extend to asset-backed commercial paper, PPPs and REITs.

JunZeJun Law Offices was one of the earliest firms to advise on international swaps and derivatives products. The team offers a range of services for trust and investment companies as well as international financial institutions, covering receivables securitisation, ABS and trust schemes. The firm is capable of advising on the overseas issuance of high-value green bonds for Chinese issuers. The firm is noted for its significant presence in the Shanghai securitisation market.

East & Concord Partners is praised for its comprehensive services in the capital markets arena. The team regularly represents major local banks, security firms and insurance companies, and is particularly active in forming public REITs. Clients benefit from the expertise of its specialist bench across the country.

Jincheng Tongda & Neal Law Firm is a well-regarded full-service firm that benefits from its nationwide offering. It comes recommended for its notable capital markets practice, with a bench that skilfully advises on a wide range of domestic asset securitisation products, such as REITs and ABS. The firm is also frequented by clients in the insurance, energy and financial sectors to launch high-value asset support plans.

SG & Co is a boutique finance firm with a strong securitisation offering that caters to listings on both the Shanghai and Shenzhen Stock Exchanges. The team acts on a range of securitisation packages, including asset-backed and mortgage-backed securities. It counts leading banks, asset managers and financial leasing corporations among its clients. The firm is also active in other areas of capital markets such as corporate debt issuances.

Zhao Sheng Law Firm is a young and dynamic financial services boutique operating in partnership with Linklaters. The team has a formidable presence in the growing derivatives market with its contribution to legislation and regulatory advice. It is also noted for its strength in corporate/M&A transactions. The firm is sought after by domestic and international clients in the financial services sector.

Zhong Yin Law Firm is considered a capable capital markets practice that acts mainly for trusts and asset management firms. The firm fields a compact group of specialists operating out of its Beijing and Shanghai offices. It also acts for state-owned investment firms on asset securitisation to finance investment projects. The team is additionally able to advise on REITs, CMBS projects and ABCP.