Tapping into the expertise of lawyers with ‘deep market knowledge’ in Hong Kong and China, Clifford Chance is well-positioned to handle a wide range of equity capital market (ECM) work for issuers and underwriters. Despite a challenging market, the team has picked up lead mandates for a high proportion of IPOs on the main board of the HKSE, with the ’technical, commercial and responsive’ Virginia Lee and Tianning Xiang both being central to many of these. The Greater China team, which is led from Beijing by Tim Wang, has also handled a raft of global depositary receipt (GDRs) offerings under the expanded China-Europe Stock Connect scheme, where it often works closely with the London office. US and Hong Kong-qualified partner Fang Liu is also a key member of the team, and as well as handling Hong Kong IPOs, including for TMT issuers, is also skilled at handling SEC-registered offerings.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • 'They have a deep knowledge of the market.'
  • 'Tianning Xiang and Virginia Lee are technical, commercial and responsive.'

Key clients

  • AIA Group
  • CICC
  • CLSA
  • Huatai Securities
  • Leapmotor
  • Morgan Stanley
  • Shiyue Daotian Group
  • Red Star Macalline
  • RoboSense Technology
  • Zhejiang Expressway

Work highlights

  • Advised Chinese EV maker Zhejiang Leapmotor Technology Co. on its strategic collaboration with Stellantis which involves an equity investment by Stellantis into Leapmotor and formation of joint venture to distribute Leapmotor's products to global markets.
  • Advised CLSA Ltd. on its underwriting of A shares rights issue and H shares rights issue of China Zheshang Bank Co., Ltd, with a combined value of $1.77bn.
  • Advised lithium-ion batteries component manufacturer Zhejiang Huayou Cobalt Co., Ltd (Huayou Cobalt) on its global depository receipts (GDR) offering and listing on the SIX Swiss Exchange, via the China-Europe Stock Connect scheme.

Lawyers

Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.

Practice head

The lawyer(s) leading their teams.

Tim Wang (Beijing)

Other key lawyers

Virginia Lee, Fang Liu, Tianning Xiang, Christine Xu, Tommy Tam, Janet Fok, Quennie Tong