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

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, 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. The firm includes New China Life Insurance, Finance Street Holdings and China Energy Engineering Group among its key clients.

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, such as China Construction Bank, China CITIC Bank and Cinda Securities. 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, including Bank of China, Shanghai Pudong Development Bank and China Three Gorges Renewables. 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 extension of the firm's broader full-service offering. The team receives regular mandates from well-known securities companies, such as CICC. 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.

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.

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. Stellar clients include CITIC Securities, Pingan Trust and ICBC Credit Suisse Asset Management.

Jia Yuan Law Offices enters the ranking table 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 is 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.

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, and counts Huatai Financial Holdings among its major clients.

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 ABCPs. The firm includes China Securities, China Railway Construction Asset Management and China Minsheng Bank among its key clients.