Leveraging ‘a sound understanding of the listing rules as well as latest market practice’, Ashurst provides ’best-in-class client service and responsiveness’ to issuers and underwriters across a wide range of ECM-related work on the HKEX, including in targeted industry sectors such as TMT and biotech. ‘Very responsive and experienced’ team head Frank Bi is skilled at advising Chinese SOEs and private corporates on their offshore ECM activity, from pre-IPO financing, through to listing and post IPO compliance. Praised for her ability to ’think outside of the box and deliver reasonable and creative solutions’, New York and Hong Kong-qualified practitioner Li Jiang excels at handling complex international capital markets matters.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • 'They have deep knowledge of the capital markets, strong commercial sense, and provide best-in-class client service and responsiveness.'
  • 'They have a sound understanding of the listing rules as well as latest market practice.'
  • 'The team is technically strong and has demonstrated an exceptional level of service, which includes providing creative solutions on complex matters.'
  • 'The proactive Frank Bi is willing to understand the background and concerns from the clients to provide client oriented legal advice.'
  • 'Frank Bi is very responsive and experienced and is deeply familiar with Hong Kong listing rules and regulatory requirements.'
  • 'Li Jiang has strong business acumen and a deep understanding of client's needs whilst providing technical and pragmatic legal advice. She is highly competent and committed to providing the highest standard of services to clients.'
  • 'Li Jiang is extremely dedicated, hands on, and always on top of all the issues. Her sophistication in the international ECM space as a dual-qualified HK ECM/US securities partner is market leading.'
  • 'Li Jiang can always think outside of the box and deliver reasonable and creative solutions so that to push the projects forward.'

Key clients

  • China Qidian Guofeng Holdings Limited
  • Rego Interactive Co., Ltd.
  • Adtiger Corporations Limited
  • UBTECH Robotics Corp Ltd
  • Migao Group
  • UBS Securities Hong Kong Limited,
  • CCB International Capital Limited
  • Huatai Financial Holdings (Hong Kong) Limited
  • China Beautify Natural Environment Technology Co., Ltd.
  • CLSA Capital Markets Limited
  • Mobvoi Inc.

Work highlights

  • Advised China Qidian Guofeng Holdings Limited as to the HK$185.50m  connected transaction in relation to loan capitalisation involving subscription of shares under special mandate.
  • Advised Rego Interactive Co on the proposed rights issue to raise up to approximately HK$100m by issuing up to 500,000,000 Rights Shares.
  • Advised Adtiger Corporations Limited on its HK$12.94m worth placement of shares under general mandate.

Lawyers

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.

Frank Bi

Other key lawyers

Melody He, Li Jiang