Tag: China
Wilson Sonsini hires capital markets partner in Hong Kong
Wilson Sonsini hires Jennifer Liu as a China partner at its Hong Kong office
Fangda, MoFo steer USD900m Boomray-Novartis licence agreement
Boomray Pharmaceuticals enters into an exclusive global licence agreement valued at up to USD900 million with Novartis for a preclinical radioligand therapy
Compliance for exports of dual-use items to Japan
China’s tighter watch list regime for Japan-bound dual-use trade is forcing Chinese suppliers to upgrade screening and licensing.
Firms assist optical transceiver maker Ligent’s HKD5.67bn IPO
Leading optical transceiver maker Ligent Technologies lists on the HKEX main board on 22 September, raising HKD5.67 billion (USD723 million)
Jingtian & Gongcheng hires three King & Wood partners
Jingtian & Gongcheng hires Lai Jianglin and her team members Hu Yizhou and Guo Zhongyong as partners for its Guangzhou office
GSK to acquire Chimagen asset in deal worth up to USD750m
Pharmaceutical giant GSK enters into an asset purchase agreement with Chimagen Biosciences valued at up to USD750 million
Z.AI raises HKD39.3bn in share placement, convertible bonds
Z.AI completes a placement of new H shares and an offering of renminbi-denominated, US dollar-settled zero-coupon convertible bonds, raising a combined HKD39.3 billion
Who owns AI’s judgment?
Veteran general counsel and scientist discuss a new AI governance paradigm
Innovation shifts gears
The innovation engine is shifting gear. Whoever recalibrates the timing will lead through the next bend
Appleby receives private equity investment from New Mountain Capital
New Mountain Capital makes a significant minority investment in Appleby to boost growth strategy
China Commercial opens Laos, Indonesia and Xinjiang offices
Shenzhen-headquartered China Commercial Law Firm opens offices in Vientiane in Laos, Jakarta in Indonesia and Hotan in Xinjiang.
Shihui recruits former Xiaomi antitrust compliance head
Shihui Partners hires antitrust and data compliance specialist Wang Zhining as a partner in Shenzhen
Commerce & Finance opens Xi’an office in northwest expansion
Commerce & Finance Law Offices opens an office in Xi’an, becoming the firm’s 13th branch globally
Norton Rose Fulbright adds corporate partner in Shanghai
Norton Rose Fulbright hires Han Lijie as a partner at its Shanghai office
Jingtian & Gongcheng recruits three partners in two cities
Jingtian & Gongcheng recruits three partners, with Liu Hongchuan and Chen Huan joining its Beijing office and Gu Mingzhu in Shenzhen
Zhejiang’s first Chinese mainland-Hong Kong-Macau joint law firm opens
Zhejiang province’s first Chinese mainland-Hong Kong-Macau joint law firm begins operations in Hangzhou
Zhong Lun, DeHeng assist Enflame’s RMB6.12bn Star Market IPO
Chinese AI chipmaker Enflame Technology debuts on the SSE Star Market on 11 September, raising around RMB6.12 billion
Han Kun adds dispute resolution partner in Shanghai
Han Kun Law Offices recruits Chu Weishu as a partner at its Shanghai office, strengthening its dispute resolution practice
Kangda, AllBright act on Luoyang Bearing’s RMB2bn ChiNext IPO
Chinese bearing manufacturer Luoyang Bearing Group debuts on the SZSE ChiNext board on 9 September, raising around RMB1.97 billion (USD293.5 million).
Navigating cross-border financial data compliance and overseas regulatory conflicts
One foot in Chinese data protection law, the other in foreign discovery requests. Banks need a strategy that doesn’t sacrifice either – here’s how to start
Where equitable subordination applies to shareholder loans
When shareholder loans mask undercapitalisation, Chinese courts apply equitable subordination in bankruptcy to protect ordinary creditors from severe abuse
Proving core product eligibility for chapter 18A listing
Chapter 18A is an enticing listing prospect for biotech firms in China, but they must first prove that their golden product is genuine and truly their own
Memory products maker Longsys in landmark HKD7.08bn IPO
Leading independent memory products maker Longsys Electronics debuts on the HKEX on 8 September, raising around HKD7.08 billion.
Creditor claims for accelerating shareholder contributions
The new Company Law empowers creditors to accelerate shareholder capital calls, but judicial tests vary
GF Law, DeHeng steer TEMB’s RMB1.88bn Shanghai debut
TEMB Intelligent Technology raises RMB1.88 billion from its listing on the SSE’s main board on 7 September.
Japan’s NYK Line completes 50% acquisition of Avenir LNG
Nippon Yusen Kabushiki Kaisha (NYK) successfully completes the acquisition of 50% in Avenir LNG for an undisclosed amount.
Guantao opens in Bishkek, links four Central Asian offices
Beijing-headquartered Guantao Law Firm opens an office in Bishkek, Kyrgyzstan
Fair adjustments to shareholder interests in reorganisations
Out-of-court debt restructuring centers are growing in China, linking workouts with pre-reorganisation for lenders and distressed investors
Addressing non-performing personal loans
China’s expanding consumer credit market has brought mortgages and personal lending into the financial mainstream
Sunwell recruits two senior partners from Hiways in Shanghai
Shanghai-based boutique Sunwell Law Firm hires Wang Jin and Zhang Tao, both joining from Hiways, as senior partners
Hong Kong’s Northern Metropolis and the 15th Five-Year Plan
Everyday Hong Kong’s Northern Metropolis ambitions edge closer to reality. How should interested businesses prepare legally?
Former Deloitte China vice chair joins Merits & Tree in HK
Merits & Tree recruited Patrick Yip, former vice chair of Deloitte China, as co-head of the firm’s global private wealth practice
Guantao adds dispute resolution, M&A partners in Hong Kong
Guantao Law Firm hires Ronald Sum and Julianne Doe as partners at its Hong Kong office
‘All risks’ claims: A manufacturer’s defence playbook
So-called “all risks” property insurance carries defined exclusions
Turning point
Senior practitioners break down key state asset law revisions, evaluating emerging legal risks in state-owned enterprise restructuring and asset transactions
Shein’s HKD13.6bn HKEX debut is largest HK e-commerce IPO
Fast-fashion giant Shein’s HKEX listing on 1 September raises HKD13.6 billion in the largest cross-border e-commerce IPO in Hong Kong to date
HFW adds technology dispute partner Jennifer Wu in Hong Kong
Holman Fenwick Willan recruits Jennifer Wu, former Asia Pacific head of TMT at Pinsent Masons, as a partner in Hong Kong
Baker McKenzie adds Hong Kong dispute resolution partner
Baker McKenzie bolsters its dispute resolution practice in Hong Kong with the addition of Justin Tang as a partner.
XPeng raises USD900m in robotics financing for Dogotix unit
XPeng signs equity financing agreements with several investors for its humanoid robotics business, raising more than USD900 million
China Commercial opens Sacramento office in California
China Commercial Law Firm receives approval to open an office in Sacramento
Alibaba’s HKD80bn new share placement is largest in HK
Alibaba completes an HKD80 billion new share placement, marking the largest placing to date in Hong Kong stock market history
Firms steer State Grid’s record USD2.22bn dim sum bonds
State Grid completes a landmark RMB14.9 billion (USD2.22 billion) issuance of dim sum bonds in Hong Kong
Sidley Austin adds life sciences partner in New York
Sidley Austin has recently added Lin Jiqiang as a partner in its New York office, further strengthening the firm’s life sciences practice
Former senior partner joins Hozu Capital as co-founder, COO
Third-party funding institution Hozu Capital appoints Cindy Huang as co-founder and chief operating officer
Jingtian & Gongcheng adds partners in three Chinese cities
Jingtian & Gongcheng hires Liao Jun, Cheng Keni and Gu Peitao as partners in its Chongqing, Guangzhou and Shanghai offices, respectively
Shanghai Electric in world’s first corporate FTZ offshore bonds
Shanghai Electric issues world’s first corporate free-trade zone offshore bonds
Niche memory-chip leader Ingenic in HKD3.1bn Hong Kong debut
Chinese niche memory-chip leader Ingenic Semiconductor debuts on the HKEX on 25 August, raising around USD399 million
Fangda, Haiwen advise on Alibaba’s USD1.5bn Lingxi Games sale
Alibaba sells its entire stake in gaming studio Lingxi Games to Trustar Capital for more than USD1.5 billion
CICC eyes USD16.9bn merger with Dongxing, Cinda Securities
CICC’s plans to merge with Dongxing Securities and Cinda Securities through share swaps will make it the largest M&A transaction in China’s A-share securities sector.
Merits & Tree hires dispute partners in Shanghai and Beijing
Merits & Tree Law Offices hires Xue Yizhong and Zhang Jinhui as partners at its Shanghai and Beijing offices, respectively
Grandway brings in partners for Suzhou and Shanghai offices
Grandway Law Offices hires Xu Wei, Zhu Ting and Yang Yu as partners, strengthening its capital markets and intellectual property practices
Fangda adds compliance partner in Shanghai
Fangda Partners adds Zhang Shihai as a partner at its Shanghai office
Chance Bridge hires former Douyin litigation head in Beijing
Chance Bridge Law Firm hires Li Ying as a senior consultant at its Beijing headquarters
DeHeng and JunZeJun steer Unitree’s USD906m Star Market debut
Unitree becomes the first humanoid robotics company tolist on the A-share market
Firms guide on 20-year renewal of SAIC-GM joint venture
SAIC Motor and General Motors sign a renewal agreement, extending the term of their joint venture, SAIC-GM, by 20 years to 2047
Former Microsoft legal and strategic head joins HK’s Redotpay
Li Chen, former Microsoft strategic partnership head for Greater China, Asean, Japan and South Korea, joins RedotPay as general counsel
Tianyu Bio’s former vice president joins Hui Ye as counsel
Yang Jingjing, SSE-listed Tianyu Bio Technology’s former vice president, joins Hui Ye as counsel in Shanghai
Han Kun officially opens Hangzhou office, cements presence
The Han Kun Hangzhou office held its opening ceremony on 10 August and is formally based at the International Financial Center
China revises insider trading rules, moves scrutiny earlier
China’s first revision since 2012 of insider trading rules that took effect on 27 July 2026 signal continued tightening of regulatory enforcement, say lawyers
Sundial, Zhong Lun assist on JLC’s RMB4.69bn Shenzhen IPO
Electronic industry services provider JLC Technology lists on the SZSE main board on 4 August, raising around RMB4.69 billion (USD 695 million)
Choosing ideal lawyers
How can companies identify the right lawyer? A China Business Law Journal survey reveals what factors are truly driving the choices of general counsel
Grandall adds asset management and finance partners
Grandall Law Firm recruits Xie Zhensheng and Cui Bo as equity partners at its Guangzhou and Xi’an offices, respectively
Indonesia issues first RMB7bn sovereign panda bonds in China
Indonesia issues its first sovereign panda bonds in China, raising RMB7 billion (USD1.04 billion) in the largest single such issuance to date
Zhongji Innolight listing is largest Hong Kong IPO since 2019
Zhongji Innolight’s HKD53.41 billion HKEX debut makes it the largest Hong Kong IPO since 2019
State-funded companies and corporate governance
This column has previously discussed China’s state-owned enterprises (SOEs), see China Business Law Journal, volume 8, issue 4: SOEs
Joint-Win expands national footprint with new Kunming office
Joint Win Partners’ new office in Kunming, Yunnan province, marks its 15th domestic branch
Look-through supervision and compliance of shareholders & controllers
With the regulatory shift from form to substance, some of the old ways of allocating liability may soon be gone
Nominee shareholding: Transferring shares not yet due
The recent overhaul of the capital subscription regime has brought new complexities
Beauty giant Proya grows controlling stake in Flower Knows
Chinese beauty giant Proya’s latest RMB351 million investment to acquire 12.55% in Flower Knows secures 51% controlling stake in cosmetics brand
Shihui adds AI sector and tech firm global expansion partner
Shihui Partners recruits Shirley Zhao as a partner based in Shenzhen to better serve AI technology companies
Lawyers analyse China’s drug trial data protection rules
China’s new drug trial data protection rules are considered a boost for development, but some lawyers warn disputes may arise
Commercial technology partner Li Laixiang rejoins Han Kun
Han Kun welcomes the return of Li Laixiang in Shenzhen, strengthening its commercial transaction capabilities in technology
Debt restructuring centres in legal practice
Out-of-court debt restructuring centers are growing in China, linking workouts with pre-reorganisation for lenders and distressed investors.
DHH opens Mexico offices to strengthen American network
DHH Law Firm opens in Mexico, expanding its cross-border legal services network across North and Latin America
CXMT’s RMB57.9bn debut is largest A-share IPO of 2026
CXMT debuts on the SSE Star Market on 27 July, the largest A-share IPO of 2026, raising RMB57.92 billion (USD8.6 billion)
Navigating legal risks for tech startups
Fast growing tech innovators typically navigate complex funding deals, equity incentives and collaboration agreements
Golden Wheel in first creditor-led offshore debt restructuring
Chinese mainland property developer Golden Wheel Tiandi completes a USD507 million offshore debt restructuring
Navigating criminal risks in supply chain finance
Circular transactions with documents and bills but no actual goods can turn civil disputes into criminal cases
Commerce & Finance opens in Guangzhou extending GBA reach
Commerce & Finance Law Offices opens its Guangzhou office on 22 July, strengthening services across the Greater Bay Area
IP protection in traditional opera lineage
As traditional opera gains wider audiences, questions arise over where to draw the line between shared heritage and protectable creation. Lawyers weigh in on the boundary
Compliance boundaries on AI-generated product testimonials
AI-faked user reviews risk contextualised inducement-based unfair competition
Addressing financial disputes in ADR mechanisms
Lengthy litigation and enforcement hurdles? ADR offers flexible, efficient remedies for financial conflicts
Proving an employee’s eligibility for non-compete obligations
Non-compete agreements serve as a key legal tool for employers to protect trade secrets
Firms map MiniMax’s HKD16bn share and bond fundraising
Davis Polk and Commerce & Finance advise on MiniMax’s share placement and convertible bond issuance
Former AstraZeneca associate legal director joins Han Kun
Han Kun appoints former AstraZeneca associate legal director Wang Rongxia as patent counsel in its Beijing office
Key takeaways from China’s new Ecological and Environmental Code
China’s Ecological Environment Code unifies pollution, ecology, decarbonisation and liability, raising corporate compliance standards
Environmental compliance frameworks for renewable businesses
As dual-carbon objectives are escalated to statutory obligations, renewables companies face a major compliance test across pollution control, ecological protection and low-carbon development
Jingtian & Gongcheng welcomes four partners at three offices
Jingtian & Gongcheng hires four partners — Che Li, Duan Wei, Pang Jianli and Tang Hua — across its Ningbo, Chongqing and Chengdu offices
Sidley steers Sino Biopharm, AstraZeneca licence agreement
Sidley Austin advises Sino Biopharmaceutical on an exclusive licence agreement between its subsidiary and AstraZeneca
Han Kun onboards shipping partner for Shanghai office
Han Kun Law Offices recruits Cherry Jin as a partner at its Shanghai office, strengthening its cross-border asset finance and shipping practice
Firms steer top wafer foundry Nexchip’s HKD6.98bn listing
Leading wafer foundry Nexchip Semiconductor lists on the HKEX main board on 10 July, raising around HKD6.98 billion (USD890 million)
Firms assist on Three-Circle’s HKD7.16bn debut in Hong Kong
Three-Circle Group debuts on the HKEX on 9 July, raising around HKD7.16 billion (USD913 million)
Firms advise on PCB drill-bit leader Dtech’s HKD4.8bn IPO
Printed-circuit board drill-bit manufacturer Dtech Technology raises HKD4.8 billion (USD612 million) in its HKEX debut on 9 July, three years after its SZSE listing
Luxshare raises HKD24.27bn in Hong Kong’s largest IPO
Chinese leading manufacturing company Luxshare Precision raises about HKD24.27 billion (USD3.09 billion) in Hong Kong’s largest IPO to date this year
Davis Polk, Fangda act on Biren’s HKD7.1bn H-share placement
Chinese graphics processing unit developer Biren Technology raises around HKD7.1 billion after an H-share placement on the HKEX on 8 July
Firms steer autonomous driving company Momenta’s HKD5.89bn IPO
Chinese autonomous driving company Momenta debuts on the HKEX on 8 July, raising HKD5.89 billion (USD751 million)
EACON is world’s first listed autonomous mining vehicle company
China’s EACON Group becomes the world’s first listed autonomous mining vehicle company after its HKEX debut on 8 July, raising HKD3 billion
Merits & Tree names four equity partners in Beijing, Qingdao
Merits & Tree Law Offices appoints Roy Rong, Susan Li, Carys Li and Hu Tianxiong as equity partners at its Beijing and Qingdao offices
Global Law recruits four partners in disputes and investment
Global Law Office recruits four partners and their teams to strengthen its capabilities in dispute resolution and investment
Firms advise on Anker Innovations’ HKD4.6bn HKEX debut
来自中国内地、香港、日本、阿联酋和美国共十家律所为此次上市提供法律服务
Cooley, Dua advise Lingyi iTech on HKD8.26bn Hong Kong IPO
Cooley and Dua Associates have guided Apple supplier Lingyi iTech on its HKD8.26 billion (USD1.06 billion) initial public offering in Hong Kong
China Resources New Energy in RMB21.3bn record SZSE debut
King & Wood, Haiwen & Partners and Clifford Chance act on China Resources New Energy’s record breaking RMB21.3 billion IPO on the SZSE
Former Yingke senior partner and IP team of 10 join Riying
Chen Chen, former senior partner at Yingke’s Shanghai office, joins Riying at its Shanghai headquarters along with his team
MMG raises USD1.6bn in share placement and bond offering
China Minmetals Corporation’s subsidiary MMG raises USD1.6 billion from a share placement and bond issuance
Cryptocurrencies and property
The column discusses the position in common law jurisdictions, including Australia and the UK, and then provides a brief outline of the legal position in the Chinese mainland
Bundled and binding
Ecological and Environmental Code reshapes corporate lifecycle compliance
Han Kun hires data compliance specialist in Shanghai
Han Kun Law Offices hires Chen Wenhao as a partner at its Shanghai office, bolstering its data compliance and AI capabilities
How can minority shareholders seek relief from profit hoarding?
When a company hoards profits, minority shareholders can seek compulsory distribution or force a share buyout
Dissecting invalidity of financial loan agreements
A financial loan agreement is the core legal instrument governing lending between banks, licensed financial institutions and market participants
China Commercial secures approval to open Singapore branch
China Commercial Law Firm has received approval to establish a Singapore office as its 20th overseas branch, further expanding its global legal services network
Unwinding red-chip structures
This practical guide covers tax exposure, distinct exit paths for VIE and direct equity structures, and five regulatory red flags that determine IPO success.
Firms act on USD2.5bn US-Korean AI-driven drug discovery pact
Firms assists on US-South Korea AI driven drug discovery collaboration between Insilico Medicine and SK Biopharmaceuticals
‘Companies face pain’ as China’s new PE rules tighten oversight
China’s issues new guiding opinions to tighten regulatory oversight on the private equity industry and companies face “growing pains”
Indonesia’s Dentons HPRP launches China desk to back growth
Dentons HPRP, the global law firm’s Indonesian arm, establishes a China desk to support business opportunities
Exchanging roles
Paul Chow shares his views on shaping HKEX legal strategy, sustainability leadership and responsible AI use in markets








































































































































