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Boom in panda bond issuances set to flourish, say lawyers

The appeal of panda bonds surges in 2026, with issuance volume reaching RMB88.24 billion (USD13 billion) in a record high for a single quarter

Ship shape?

Leading maritime lawyers and in-house counsel share insights on what it means for carriers, cargo owners and insurers

AnJie Broad hires construction and engineering partner

AnJie Broad Law Firm hires Jessica Jiang as a partner at its Shanghai office

Shipwrecks and the law

Last November, this columnist visited Singapore to deliver some training for the Singapore Academy of Law and revisited one of many museums in the city-state, the Asian Civilisations Museum

Llinks hires real estate and dispute resolution partners

Llinks Law Offices hires Chen Yongxing and Chen Gong as partners at its Shanghai office

Navigating the fair competition review mechanism

By Yan Ge and Li Xiang, Joint-Win Partners

Firms act on medtech maker Cofoe Medical’s HKD1.06bn IPO

Cofoe Medical Technology lists on the HKEX main board becoming the first home medical equipment maker to achieve a dual listing

Criminalising counterfeit sales: thresholds and sentencing

By Judy Li and Winnie Wu, Ronly & Tenwen Partners

Grandall opens in Italy, Hungary, extends cross-border reach

Grandall Law Firm has opened new offices in Milan and Budapest, marking its fourth and fifth branches in Europe after offices in Paris, Madrid and Stockholm

AI ethics rules tighten scrutiny, test compliance: lawyers

New rules on the ethics and application of artificial intelligence technology has significantly raised the level and rigour of review

How actual controllers of listed companies ward off criminal risks

By Cai Zhenghua, Shanghai Elite Law Firm

When listed companies become involved in serious misconduct like tax evasion or bribery, the actual controller is often the first to be held accountable

Protection of non-traditional trademarks in China

By Wang Xiao and Kelly Liu, Tahota Law Firm

In the era of sensory marketing, novel forms of trademarks such as three-dimensional shapes or sound cues prove increasingly relevant

Pharmaceuticals partner returns to Hogan Lovells in Washington

Hogan Lovells welcomes back Tao Xin as a partner in Washington, boosting its global pharmaceuticals and biotechnology practice

How businesses can fortify against ‘internet water armies’

By Lyu Haishan and Xian Mingying, ETR Law Firm

White collars, dark intentions

Senior white-collar crime partners map out the shifting risks and offer a full-spectrum playbook, from internal probes to cross-border defence

Firms steer hybrid computing provider Xizhi Tech’s HKD2.5bn IPO

Optical-electronic hybrid computing provider Xizhi Technology lists on the HKEX on 28 April, raising HKD2.53 billion (USD323 million)

Jingtian & Gongcheng opens key Yangtze delta branch in Ningbo

Jingtian & Gongcheng officially opens Ningbo office on 24 April, marking the firm’s 11th branch nationwide

Duan & Duan adds four dispute resolution partners in Shanghai

Duan & Duan adds four partners to its Shanghai headquarters, further strengthening its dispute resolution and related practice areas

Compensation not contingent upon actual sale in patent infringement

By Guo Xiaojun, CCPIT Patent & Trademark Law Office

Latest guiding case from the Supreme People’s Court views “offer for sale” as its own infringing act and penalty cannot be averted by reason of “no sale”

Breaking the anti-corruption investigation deadlock

By Wendy Wei, Starrise Law Firm

How to recognise a nominee shareholding arrangement

By Yi Xiangming and Yang Yue, Zhong Lun Law Firm

IP flip

GC and senior lawyers decode China's new IP trends

Han Kun opens in London, the fifth overseas location

Han Kun’s London office commences operations on 22 April, which is the firm’s first office in Europe

Firms act on Huixing’s German knitting machinery acquisition

Fujian-based knitting machinery leader Huixing Machine completes the acquisition of the core business of 120-year-old German counterpart Mayer & Cie

Criminal procedure, rights protection for white-collar crime

By Ke Shuojun, Tahota Law Firm

White-collar crime typically refers to criminal cases in the economic sphere, involving corruption within civilian-run enterprises

Five common misconceptions about offshore trusts

By Wu Weiyi and Lu Shanjing, Anli Partners

A clearer view of what offshore trusts can, and cannot, do helps set realistic expectations and enables wealth owners to define their needs and plan accordingly.

PDLegal drives Primus-Wuling strategic electric vehicle JV

PDLegal’s Bangkok office advisesd on an electric vehicle strategic joint venture between Thailand-based Primus and China-based Wuling for an undisclosed amount.

Grandway adds dispute resolution and entertainment partners

Grandway recruits two new partners, Lin Zexin and Chen Xinhao, to its Shanghai office, strengthening dispute resolution, and the entertainment and media sector

AllBright and Haiwen act on SJ Semiconductor’s RMB5bn IPO

Chip packaging and testing company SJ Semiconductor debuted today on the SSE Star Market, raising more than USD733 million and becoming the largest A-share IPO so far in 2026

V&T opens Osaka office, expanding its international presence

Beijing-headquartered V&T Law Firm has launched an office in Osaka, marking its second branch outside the Chinese mainland

Grandall welcomes six equity partners in four offices

Grandall Law Firm has added six equity partners across its Guangzhou, Shenzhen, Fuzhou and Wuhan offices

King & Wood expands financial regulation, cross-border talent

King & Wood has recently strengthened its capabilities in financial regulation, fintech and cross-border practice areas with a series of senior hires

VAM scrutiny tightens, no unconditional pre-IPO removal: lawyers

Although regulatory scrutiny on valuation adjustment mechanisms in listings is stricter, unconditional removal of these clauses in IPO documents is not yet required, say lawyers

Firms act on Yancoal’s USD2.4bn Kestrel coal mine acquisition

Mallesons, Gilbert + Tobin and Freshfields assisted onproducer Yancoal Australia’s proposed acquisition of an 80% interest in the Kestrel coal mine

First ‘Six Little Dragons of Hangzhou’ goes public in HK

Manycore Tech is the first of the so-called “Six Little Dragons of Hangzhou” to go public and the world’s first listed spatial intelligence company after debuting on the HKEX on 17 April

Superdiversity in the law

Lexicon has previously discussed the impact of culture on legal proceedings and the legal system generally

Firms advise DapuStor on first ChiNext pre-profit listing

SSD supplier DapuStor debuted on the SZSE on 16 April, becoming the first pre-profit company to list on the ChiNext board. King & Wood and AllBright advised on the IPO

Firms act on solar battery provider Sigenergy’s HKD4.4bn IPO

DESS solutions provider Sigenergy debuted on the HKEX, raising HKD4.4 bn. Davis Polk, Jia Yuan, Linklaters and Jingtian & Gongcheng advised on the deal

Clyde & Co aviation partner relocates to Singapore office

Clyde & Co has strengthened its global aviation practice in the Asia-Pacific with the relocation of partner Jahnavi Ramachandran

East & Concord onboards 7 disputes, compliance, trade experts

East & Concord Partners has added six partners and a counsel across four offices nationwide, bolstering its capabilities in dispute resolution, compliance and international trade

Regulatory scrutiny over red-chip structures raises conundrum

Practitioners say that while red-chip model is unlikely to disappear, companies will increasingly have to demonstrate its commercial necessity and regulatory compliance

How to properly manage sick leave

By Tracy Liu and Larry Lian, Jingtian & Gongcheng

Managing sick leave and medical treatment periods can be a big headache for companies – cured only by preemptive policy clarification

Corporate partner returns to Fieldfisher in Shanghai

Fieldfisher has welcomed the return of Margaret Tan back to the firm’s fold as a partner at the Shanghai office, strengthening the corporate practice in Greater China

Perkins Coie opens in Shenzhen to boost cross-border services

Perkins Coie launched its Shenzhen office on 8 April after closing branches in Shanghai and Beijing in 2024

Jingtian & Gongcheng adds three partners in Beijing

Jingtian & Gongcheng has hired three partners, Shi Bisheng, Shi Lei and Chen Zhaolong, for its Beijing office

Han Kun opens Hangzhou office to focus on AI sector

Han Kun Law Offices opened its Hangzhou office on 10 April, which is its 10th global branch

Squaring up to circular training

Chief legal officer and senior legal counsel of Louis Dreyfus Company share practical tips on protection against circular trading risks

Anchoring growth

Can in-house counsel step up as champions of business growth amid the challenges of compliance and technology?

Corporate criminal risk: Pitfalls and course corrections

By Wang Siwei, Bohe & Hansen

Criminal exposure is the risk companies can least afford

Latest cautious steps in China’s maturing bankruptcy law

By Nafisa Nihmat, Zhong Lun Law Firm

With fear for bankruptcy reorganisation largely dissipated and cities exploring personal bankruptcy, China is slowly but surely maturing its insolvency scheme

Simpson Thacher to reopen in Singapore after 23-year absence

Simpson Thacher & Bartlett is planning to reopen a Singapore office to strengthen cross-border capabilities across the Asia-Pacific region

Navigating mining dispute resolution

By Zhao Yue, Bairui Law Firm

A long-time legal adviser to the coal and energy sector, the author has navigated multiple episodes of upheaveal in mining

China offshore income tax: ‘look-back’ versus recovery

By Ye Yongqing and Wang Yixiao, Anli Partners

Relearning trade secret protection in the age of AI agents

By Steve Zhao and Simon Du, GEN Law Firm

In recent years, in-house counsel discussion of AI and trade secrets has largely focused on the scenario of “staff feeding data into ChatGPT”, which is a valid concern

The duty of care in property management

By Robbie Sun, Ronly & Tenwen Partners

Former MoFo private equity partner joins JunHe

JunHe has recruited private equity lawyer Zhao Rongjing as a partner, based at the firm’s Shanghai and Hong Kong offices

Case study: Seeking compensation for ‘no contract’ overseas projects

By Cindy Ge, Hiways Law Firm

In 2018, a large state-owned design institute signed a strategic co-operation agreement with a Hong Kong investment company to jointly develop a hydropower project in Nepal

Responding to legal challenges in overseas investment

By Zhang Tianyi, Tahota Law Firm

As geopolitical shifts and tighter scrutiny reshape Belt and Road investments, businesses must adopt full-cycle legal strategies to ensure stability and growth.

Guantao, Landing open Zhuhai offices in GBA expansion

Guantao Law Firm and Landing Law Offices set up branches in Zhuhai, further strengthening their respective presence in Greater Bay Area

King & Wood opens in Vancouver and LA after Mallesons split

King & Wood today announced the opening of new offices in Vancouver and Los Angeles, further enhancing its service capabilities across North America

Zhong Lun adds four dispute and capital markets partners

Zhong Lun has continued to bolster its ranks by adding four partners, following Tony Chow’s appointment in February

Wintell & Co takes over boutique firm to open Nanjing office

Shanghai-headquartered Wintell & Co has taken over local boutique Fides Law Firm to set up a Nanjing office, further strengthening its integrated Yangtze River Delta strategy

Using SPVs to control founder risks in VAM agreements

By Peng Guopeng, W&H Law Firm

In investment and M&A deals, valuation adjustment mechanism (VAM) agreements, also known as bet-on agreements, are increasingly used to bind the parties’ interests and drive the target’s performance

Partner compliance and trade secret protection in the AI era

By Jolie Yan, Han Kun Law Offices

This article focuses on two areas, third party governance and trade secret protection, setting out the key shifts and compliance priorities driven by AI

Implications of Asian source countries asserting tax rights

By Carl Liu, Guantao Law Firm

The post-base-erosion-and-profit-shifting (BEPS) world is reshaping international tax rules

New rules on short swing trading strengthens compliance: lawyers

The China Securities Regulatory Commission issued the regulation on short swing trading on 6 March

Shareholder agreements: Validity, limits and evolving rules

By Jiang Xuan and He Lingyu, Zhong Lun Law Firm

M&A: A new way

As M&A activities climb across the region, rising regulatory complexity and shifting market dynamics are redefining strategy, execution and the evolving role of general counsel

Duan & Duan set to open Guangzhou office in GBA expansion

Duan & Duan Law Firm has received regulatory approval to establish a Guangzhou office

Corporate risk from independent bid rigging by employees

By Yang Qichen, Starrise Law Firm

Firms assist PCB maker Delton Technology’s HKD3.3bn IPO

Delton Technology has listed on the HKEX on 20 March, raising HKD3.31 billion (USD422 million)

Firms act on Voyah’s debut and Dongfeng’s delisting on HKEX

China’s state-owned automobile manufacturer Dongfeng Group delisted from the HKEX on 18 March, and the following day, its subsidiary Voyah debuted on the HKEX main board by way of introduction

Chance Bridge adds dispute resolution partner in Beijing

Chance Bridge Law Firm has hired Li Wanping as a partner at its Beijing headquarters, strengthening its capabilities in high-end dispute resolution and corporate matters

Latest Business Law Updates in Asia 2026

A roundup of noteworthy legal developments in the region

JunHe brings in customs specialists for Shenzhen office

JunHe has hired Ginger Jiang and Hou Ya at its Shenzhen office, further strengthening the firm’s customs and trade compliance practice. 

Dispute and regulatory investigations partner rejoins HFW

HFW has hired litigation, arbitration and regulatory investigations partner Sumarsono (Jacky) Darsono in Hong Kong

Hui Zhong hires dispute resolution partner and counsel

Hui Zhong Law Firm has hired partner Zhou Xi and counsel Wu Chenfei at its Beijing headquarters and Shanghai office

Regulatory and investigations partner rejoins Kirkland

Kirkland & Ellis has hired Jenny Li as a partner in its government, regulatory and internal investigations practice in Shanghai

The house loses

As Asian regulators tighten controls on online gambling, cross-border networks and advancing technologies remain one step ahead, testing the limits of regulation

Proportionate liability

This column discusses proportionate liability and the written law that governs the concept in common law jurisdictions and the Chinese mainland

Understanding AIGC platforms’ duty of care

By Quan Wei and Zhu Wenhan, Jingtian & Gongcheng

Navigating public opinion management

By Lyu Haishan and Xian Mingying, ETR Law Firm

Firms steer Anta’s EUR1.5bn acquisition of 29% stake in Puma

Fangda Partners, Freshfields, Noerr and DVMB acted as legal advisers on the deal

Firms advise on micro-drive maker Zhaowei’s HKD1.9bn HKEX IPO

Zhaowei Machinery & Electronics listed on the HKEX on 9 March, raising HKD1.9 billion (USD243 million)

Pinsent Masons, China Commercial Law establish joint venture

Pinsent Masons has formed a joint venture with China Commercial Law Firm in Qianhai, Shenzhen

Clearing the way

The Enterprise Bankruptcy Law revisions set to clear obstacles for allowing the reorganisation of struggling companies

Trade secret crime deadlock solutions and compliance protection

By Mitchell Liu and Lu Shijiao, AllBright Law Offices

Learn technical comparisons, evidence exclusion and court coordination to secure criminal remedies in trade secret criminal cases

Highlights of China’s new Commercial Mediation Regulation

By Zou Hongli and Liu Xuanxuan, Guantao Law Firm

China’s new commercial mediation rules build a full loop: mediation scope, confidentiality, mediator liability and enforceable settlements at home and abroad

Halting payment under a cross-border independent guarantee

By Wei Dong, W&H Law Firm

Leverage URDG article 23 timelines and evidence structuring to prove abuse of demand and obtain emergency relief in cross-border cases

International Women’s Day 2026: Breaking the glass ceiling

On IWD 2026, we speak with three women in law who have pierced that ceiling. Their journeys differ, yet they point in the same direction

Jia Yuan adds capital markets partner in Hong Kong

Jia Yuan Law Offices has hired Echo Shen as a partner at its Hong Kong office

China rules push RWA tokenisation out of grey zone: lawyers

China has tightened oversight of virtual currencies and real-world asset (RWA) tokenisation

Importance of evidence organisation to a court’s application of law

By Liu Jun and Jin Ronghua, Kangda Law Firm

Even without an entry in the shareholder register, an equity transferee may still be treated as a shareholder

Determining shareholder status in equity transfers

By Huo Jincheng and Wang Xuechen, Kangda Law Firm

A co-shareholder sued to void a multibillion-renminbi equity transfer on right-of-first-refusal grounds

Loeb & Loeb recruits investigations partner for Greater China

Loeb & Loeb has hired Phoebe Yan as a partner in its Beijing and Hong Kong offices to strengthen its investigations and regulatory practices across Greater China

MoFo helps clear Insta360 in GoPro section 337 patent probe

MoFo helped clear Insta360 of patent infringement allegations in a Section 337 investigation initiated by GoPro in March 2024

Demise of Fu Jing 001: Marine insurance liability and risk control

By Li Ling, Guantao Law Firm

As the insurers’ bid to deny coverage for Fu Jing 001’s typhoon sinking failed in court, force majeure is no blank cheque for avoidance of liability

Administrative dispute over dictionary pen design patent

By Su Zhifu, Hui Zhong Law Firm

Hard-fought patent rights can still be snatched away via invalidation. Netease Youdao, online dictionary operator and smartpen maker, faced this risk in a recent administrative dispute    

TianTong opens Hangzhou office

Beijing-headquartered TianTong Law Firm has opened an office in Hangzhou

Ready for take-off

Eight leading arbitration institutions share the latest trends and developments across the board

Jingtian & Gongcheng steers iSpace’s RMB5bn fundraising

Chinese private rocket company iSpace has raised RMB5.04 billion in a series D++ financing round, marking the largest single fundraising in China’s commercial launch vehicle sector

Firms assist Zoomlion’s RMB6bn H-share convertible bond

Zoomlion Heavy Industry issued RMB6 bn in convertible bonds maturing in 2031. Norton Rose Fulbright, Fangda, Linklaters and Haiwen provided legal support

How 2025 redefined listed company reorganisation

By Gao Meili, Dacheng Law Offices

Listed company reorganisation enters new phase in 2025. Pre‑procedures stretch. Industry upgrade becomes core

Firms assist Lead Intelligent’s HKD4.93bn Hong Kong listing

Lead Intelligent debuted on the HKEX on 11 February, raising HKD4.93 billion (USD630 million)

Grandway adds two capital markets partners

Grandway has recruited partners Zhang Liu and Zhang Cheng, strengthening its securities and capital markets practice

Counselling counsel

Weir legal director offers simple psychological tips for in-house counsel

Firms steer Axera HKD2.96bn IPO

Chip supplier Axera listed on the Hong Kong Stock Exchange, raising HKD2.96 billion (USD378.7 million) and becoming the first Chinese edge AI chip company to go public

Private equity partner rejoins Weil in Hong Kong

Weil welcomed back private equity expert Yu Peng as a partner in its Hong Kong office, where he had previously practised for three years

Firms steer Montage Technology’s HKD7bn Hong Kong IPO

Montage Technology, a leading provider of data processing and interconnect chips, listed on the HKEX on 9 February, raising USD901 million

Firms guide on HKD4.83bn IPO of circuit board maker Han’s CNC

Han’s CNC Technology debuted on the HKEX main board on 6 February, raising HKD4.83 billion (USD618 million)

Firms act on Kuaishou’s USD2bn dual-currency bond issue

Kuaishou Technology has issued its first offshore bonds, raising the equivalent of USD2 billion through a dual-currency offering

Navigating criminal risks in data processing

By Ding Wen and Su Zhongming, Starrise Law Firm

Firms act on pig breeder Muyuan Foods’ HKD10.68bn HKEX IPO

Muyuan Foods, the world’s largest pig breeder, debuted on the HKEX on 6 February, raising HKD10.68 billion. Fangda, Clifford Chance, KWM and Kirkland & Ellis provided legal services

Stephenson Harwood starts strategic co-operation with W&H

Stephenson Harwood has formally launched a co‑operation with PRC peer W&H Law Firm, covering business collaboration, knowledge sharing and talent development

Linklaters designates William Liu as chair of Asia

Linklaters has appointed capital markets partner William Liu as the chair of Asia, tasking him with advancing the firm’s strategy in this region

Firms assist Eastroc Beverage on HKD10.1bn HKEX IPO

Health drinks producer Eastroc Beverage has debuted on the HKEX, raising HKD10.1 billion. HSF Kramer, DeHeng , Jia Yuan and O’Melveny advised on the listing

Mercado Libre adds former AliExpress legal director for Shanghai

Latin American e-commerce giant Mercado Libre has appointed Mah Soon Sin as its China head of legal and government relationship

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