With a strong presence on the Mainland and in Hong Kong, including lawyers who are locally as well as US and UK-qualified, King & Wood Mallesons is particularly adept at advising Chinese companies (including SOEs) as issuers across a range of debt offerings. The firm is also very skilled at advising Chinese financial institutions setting up and drawing down on their MTN programmes, with Song Yue and the ‘practical and commercially sensible’ Michael Lu recently acting for China CITlC Bank International on its issuance of $500m Tier 2 subordinated notes under its $3bn MTN programme. Working alongside the firm’s litigation practice, the team has also been active for a number of beleaguered Chinese real estate companies on liability management and formal restructuring processes in light of the economic headwinds facing the sector. Hao Zhou heads the team that also includes Richard Mazzochi, who as part of his broad banking and finance practice often handles work for bond trustees.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • 'The very experienced team covers a broad range of capital markets products for both onshore and offshore of China.'
  • 'Michael Lu is a reliable partner and one of the best DCM lawyers in the market. He has a lot of knowledge about the industry and business of his clients, so he is able to provide practical and commercially sensible advice.'
  • 'Their team is very experienced and covers a broad range of products in the capital markets for both onshore and offshore China.'

Key clients

  • China CITIC Bank International Limited
  • Huatai Securities Co., Ltd.
  • China Development Bank Financial Leasing Co., Ltd.
  • China Merchants Securities International Company Limited
  • Guangxi Financial Investment Group Co., Ltd.
  • Yangzhou Urban Construction State-Qwned Assets Holding (Group) Co., Ltd.
  • CLP Power Hong Kong Limited/The Hongkong Electric Company, Limited
  • ABC International, China International Capital Corporation, Fosun International Securities and other managers
  • Minmetals Land Limited
  • Seazen Group Limited
  • Powerlong Real Estate Holdings Limited
  • Credit Guarantee and Investment Facility
  • Greater Bay Re Limited/Black Kite Re Limited/Great Wall Re Limited
  • China Construction Bank (Asia)/China CITIC Bank International Limited/The Bank of New York Mellon/Citi/Bank of Communications/CMB Wing Lung/HSBC
  • The Ad Hoc Group of Noteholders/creditors (“AHG”) of Helenbergh China Holdings Limited

Work highlights

  • Advised China CITlC Bank International Limited as issuer in connection with the offering of $500m Tier 2 Subordinated Notes due 2033 under the Issuer’s $3bn Medium Term Notes Programme.
  • Advised on the first, second and third issuances of insurance linked securities in Hong Kong. Greater Bay Re Limited, Black Kite Re Limited and Great Wall Re Limited are Hong Kong entities set up as special purpose insurers (“SPIs”) for the issuance of catastrophe bonds. The issuance of insurance linked securities has been identified by the Hong Kong Chief Executive Mr. John Lee as an important part of Hong Kong’s financial market development.
  • Advised ABC International, China International Capital Corporation, Fosun International Securities and other managers in connection with the offering by New Hope Group Co., Ltd of $138 million (CNY1 billion) Credit Enhanced Sustainability-linked Bonds due 2026.

Lawyers

Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.
Next Generation Partners
Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.

Practice head

The lawyer(s) leading their teams.

Hao Zhou

Other key lawyers

Richard Mazzochi, Michael Lu, Song Yue