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Firms advise on GSK’s USD2.2bn RAPT buy, accesses China drug

British pharmaceutical giant GSK has entered an agreement to acquire US-based clinical-stage biopharmaceutical company RAPT Therapeutics for around USD2.2 billion

Firms act on snack retailer Busy Ming’s HKD3.67bn HKEX IPO

Snack retailer Busy Ming raised HKD 3.67 bn in its HKEX IPO. Clifford Chance, CM Law Firm, Cleary Gottlieb, Jingtian & Gongcheng and Han Kun advised on the transaction

Firms assist on Zijin Gold’s CAD5.5bn buy of Canadian peer

Zijin Gold plans to acquire Allied Gold for CAD 5.5 billion. Cassels Brock & Blackwell, Fasken and Paul Weiss advised on the deal

Economic crime risks, defences in commercial AI

By Ethan Zhang, Joint-Win Partners

Firms act on miner CMOC’s USD1.2bn convertible bond issue

Major mining group CMOC issued one-year zero-coupon convertible bonds value at USD1.2 billion on 26 January

Firms guide on ByteDance-US JV to secure TikTok operations

ByteDance has reached an agreement with American investors to establish a US joint venture focused on data security, enabling TikTok’s continued operations in the country

China Business Law Awards 2026 – We are accepting submission!

China Business Law Journal is conducting extensive research for the annual China Business Law Awards 2026, which will be presented to the best Chinese and international law firms serving the China market

Hui Zhong recruits international arbitration talent in HK

Hui Zhong Law Firm has hired Kitty Zheng as a partner and Wu Hao as counsel at its Hong Kong office

Jia Yuan opens branch in Changsha becoming its 8th office

Jia Yuan Law Offices has opened an office in Changsha, marking another expansion move following the opening of its Wuhan office

Zhong Lun opens Xi’an office in Belt and Road expansion

Zhong Lun Law Firm has recently established a branch office in Xi’an, marking its first presence in northwest China and its 17th office worldwide

Firms assist SF, J&T in HKD8.3bn cross-shareholding deal

SF Express entered into an HK$8.3 billion cross‑shareholding agreement with J&T Express, advised by HSF, Linklaters and Global Law Office

Investment models and risk mitigation in distressed real estate

By Peng Shaohua, Tahota Law Firm

As China’s real estate sector continues its downward adjustment, multiple developers are entangled in debt distress

Capital markets partner rejoins K&L Gates in Hong Kong

K&L Gates has rehired Lu Guiping as a partner at the Hong Kong office to strengthen its international debt and equity capital markets practice

Malaysia’s RDS in strategic alliance with China’s DeHeng

RDS Partnership has formed a strategic alliance with China’s DeHeng Law Offices to support Malaysian clients expanding into the country

Firms assist on DFS Greater China sale to CTG Duty Free

LVMH will sell DFS’s Greater China business to CTG Duty Free for no more than USD395m. Freshfields, Ruimin Law Firm and KWM advised on the deal

Seeking company resolution validation

By Zuo Yuru and Zhang Huan, Zhong Lun Law Firm

Firms advise on RemeGen’s USD5.6bn AbbVie licensing deal

Freshfields and Global Law Office have advised Chinese biotech RemeGen on an exclusive licensing agreement with AbbVie

Shihui and Skadden assist on Deppon’s voluntary delisting

Deppon Logistics has recently proposed a voluntary delisting from the SSE in a bid to align with evolving sector trends

DeHeng opens Hanoi office to deepen Southeast Asia push

DeHeng Law Offices opened its Hanoi branch on 10 January, marking its fifth Southeast Asian office

China on course to personal debt relief in corporate bankruptcies

By Liang Qiang and Ma Jinpeng, Zhong Ce Law Firm

Revised bankruptcy law introduces limited personal debt relief for insolvent company shareholders

How protection funds compensate bankrupt financial institutions

By Du Wenle and Pang Yadan, Han Kun Law Offices

As China’s financial risk landscape evolves, the draft revision of the Enterprise Bankruptcy Law introduces critical rules for protection funds

Firms advise GigaDevice’s HKD4.68bn Hong Kong listing

Chinese chip supplier GigaDevice listed on the HKEX main board on 13 January, raising about HKD4.68 billion (USD600 million)

Sunwell onboards trade remedies expert in Shanghai

Shanghai’s Sunwell Law Firm has bolstered its China-Europe trade and investment practice by appointing Song Liwei, a Paris Bar-qualified

Firms steer AI developer MiniMax’s HKD4.82bn Hong Kong IPO

Marking the largest IPO to date by an AI LLM company, advised by eight law firms

The A-List 2025-26: Growth Drivers

Growth Drivers: We highlight leading Chinese and international lawyers who excel across legal and business sectors

The immovables rule

The UK Supreme Court’s 2024 decision in Kireeva v Bedzhamov reaffirms the absolute nature of the immovables rule

Firms map out Knowledge Atlas’ HKD4.3bn IPO

Knowledge Atlas (Zhipu) made history as the world’s first listed general-purpose LLM company on the HKEX on 8 January 2026

Firms guide Bright Scholar Education privatisation

Bright Scholar Education, backed by Country Garden’s founding family, has completed privatisation and delisted from NYSE

Rewriting the arbitration playbook

Revised law aims to rebrand China as a trusted forum, offering relief to companies facing cross-border disputes

Firms act on Country Garden’s USD17.7bn debt restructuring

Country Garden’s USD17.7bn offshore debt restructuring took effect on 30 December 2025, among China’s largest

Market volatility challenges risk management amid M&A stumbles

Terminated M&A deals sweep China’s semiconductor sector, drawing widespread market attention

Heat and chill

Caught between national ambition and market reality, law firms in Chengdu and Chongqing are reshaping their paths

Challenges in cross-border dispute resolution when going global

By Zhao Fang and Wu Jiji, Hui Zhong Law Firm

Why do Chinese enterprises often lose overseas disputes? This article explores core barriers and provides actionable solutions

Firms advise on GPU developer Biren’s HKD5.6bn Hong Kong IPO

Chinese GPU developer Biren Technology listed on HKEX’s main board on 2 January, first of its kind to go public

Legal support behind Chengdu’s manufacturing push abroad

By Gan Jianming and Zheng Wenwen, Tahota Law Firm

As Chengdu pushes its “Brands Going Global” strategy, manufacturers shift from exports to global value chains

Micro-drama investment disputes and countermeasures

By Quan Wei and Zhu Wenhan, Jingtian & Gongcheng

Jingtian & Gongcheng opens in Chongqing

Jingtian & Gongcheng opened a Chongqing office on 19 December 2025, its 11th nationwide and second in southwest China

Zhong Lun adds ex-Sidley lawyer, hires new regional partners

Zhong Lun adds Leonard Lou as counsel in Beijing and hires Wu Kaiqi and Yu Jiakai as regional partners

AstraZeneca recruits former Merck executive legal director

AstraZeneca appoints former MSD legal director James Yuan as head of Asia-Pacific compliance investigations

Firms advise on WuXi AppTec’s China clinical research sale

WuXi AppTec has sold its China clinical research services business to Hillhouse Investment

Latest Business Law Updates in Asia 2025

Stay informed on the latest legal developments shaping Asia's business landscape

Brighteous opens first overseas branch in Thailand

Hangzhou-headquartered Brighteous Law Firm has opened its first overseas branch in Bangkok, Thailand, marking its 10th office in 20 years

Haiwen recruits capital markets partner in Hong Kong

Haiwen & Partners hires Zheng Jianhao as a Hong Kong partner to strengthen its offshore capital markets and financing practice

Global Law Office launches branch in Suzhou

Global Law Office has launched a new branch in Suzhou, expanding its China network and focusing on advanced manufacturing and cross-border investment

Tian Yuan aids China Hongqiao’s RMB63.5bn aluminium M&A deal

Tian Yuan advised on China Hongqiao’s RMB63.5 billion aluminium merger, the largest private A-share M&A deal in China

KWM adds international capital markets partner

King & Wood Mallesons has hired Lisa Yuan as an international partner, bolstering the firm's cross-border and international capital markets practice

Firms advise Geely on taking electric carmaker Zeekr private

Simpson Thacher, Fangda Partners, Davis Polk, Ogier, KWM, Latham & Watkins and Maples Groupadvised Geely on a USD2.4 billion deal to take electric carmaker Zeekr private and delist it from the NYSE

Funding lifeline for Chinese pharmas via NewCo cross-border deals

By Li Hongmei and Li Xinyi, ETR Law Firm

Jingtian & Gongcheng hires 3 partners for Beijing office

Jingtian & Gongcheng adds Lin Qing, Yang Junjun and Li Xinwei to its Beijing office, boosting expertise in M&A, capital markets and cross-border investment

Jia Yuan hires capital markets duo for HK, Shanghai

Jia Yuan Law Offices hires Rachel Wang and Helen Liu for capital markets and M&A, based in Hong Kong and Shanghai

Firms advise on MetaX’s RMB4.2bn IPO in Shanghai

AllBright and China Commercial Law Firm advised on MetaX’s RMB4.2 billion IPO on SSE Star Market, marking China’s second listed GPU company

Phenomenon and countermeasures of corporate ‘trap loans’

By Xu Rui and Ma Xueyuan, Starrise Law Firm

UNIDROIT to launch first overseas office in Hong Kong

UNIDROIT has announced the establishment of its first-ever overseas liaison office in Hong Kong, scheduled to open in 2026

Han Kun adds compliance partner

Han Kun Law Offices has strengthened its Beijing-based criminal and corporate compliance practices

DeHeng acts on CRCC’s RMB4bn offshore green bond issuance

DeHeng Law Offices has advised China Railway Construction Corporation on its first offshore green bond issuance, which raised RMB 4 billion

SPC seeks to clarify shareholders’ meeting and board powers

By Yi Xiangming and Yang Yue, Zhong Lun Law Firm

Provisional measures in international investment arbitration

By Wang Jihong and Yu Xingzhou, Zhong Lun Law Firm

New listing opportunities for pre-profit companies

By Yan Ge and Yuan Yao, Joint-Win Partners

Merits & Tree hires capital markets, labour partners

Merits & Tree Law Offices hires Fu Yi and Enya Yang as partners to strengthen its Shanghai capital markets practice

Antitrust partner rejoins East & Concord

East & Concord Partners has hired Mabel Liu as a partner in its Beijing office to bolster the antitrust and competition law practice

Responding to forced termination claims under the Labour Contract Law

By Wu Kun and Sun Linjiaying, Blossom & Credit Law Firm

Firms assist on JD Industrials’ HKD2.83bn listing

JD.com's supply chain service arm, Jingdong Industrials, successfully debuted on the HKEX on 11 December, raising HKD2.83 billion

The unexpected independence of arbitration agreements

By Dennis Deng, Anli Partners

Firms advise Solta Medical on China distributor acquisition

Zhong Lun and Han Kun advised Solta Medical, maker of Thermage, on acquiring full equity in China distributor Shibo Zhenmei

Jia Yuan opens Wuhan office in Central China expansion

Jia Yuan Law Offices opens a Wuhan branch, expanding its Central China presence and strengthening regional capital markets services

KWM to end 14-year China-Australia tie-up over divergent needs

King & Wood Mallesons (KWM) is set to separate its China and Australia businesses in 2026, ending their 14-year combination

W&H opens in Foshan to tap Greater Bay Area development

W&H Law Firm has opened a Foshan office, its 56th branch worldwide, strengthening its presence in the Greater Bay Area

KWM to end 14-year China-Australia partnership in 2026

King & Wood Mallesons will separate its China and Australia operations in 2026, ending the 2012 merger with Mallesons Stephen Jaques

Guantao opens in Tashkent to bolster cross-border practice

Guantao Law Firm has opened a Tashkent office, its third in Central Asia, strengthening its cross-border trade and investment work

Yenlex opens Shenzhen office in Greater Bay Area expansion

Yenlex Partners opened a Shenzhen branch, expanding into the Greater Bay Area after its 2023 Hangzhou launch

Five firms chart course for Yangzijiang Maritime’s SGX debut

Rajah & Tann Singapore and other firms advised Yangzijiang Maritime Development on its SGX mainboard listing

Kingland adds IP partner in Beijing

Kingland Partners has hired IP veteran Song Xudong as a Beijing partner, boosting its intellectual property and competition practice

Trusted data spaces: New path to managing medical data risks

By Jessie Zhang, Wintell & Co

As medical data disputes grow, Trusted Data Space offers a path to protect privacy while unlocking data’s value

Firms act on MOF’s EUR4bn sovereign bonds in Luxembourg

Linklaters, A&O Shearman and Fangda advised China’s MOF on its first Luxembourg sovereign bond issuance worth EUR4 billion

From clicks to compliance: Asia’s e-commerce evolution

Rapid digital expansion is driving Asia’s regulators to craft new e-commerce frameworks  

Rapidly evolving regulatory oversight in China e-commerce market

By Jeanette Wang and Yun Bi, Shihui Partners

Evolving dispute resolution for securities misrepresentation

By Li Fang, Tiantai Law Firm

China’s push to codify capital market rules is making securities market governance increasingly systematic and structured

China’s new Arbitration Law: Modernised and internationalised

By Vincent Sun and Zhao Yuxian, Han Kun Law Offices

China passes major Arbitration Law revision, effective 1 March 2026, marking its first full overhaul since 1995

Malaysia’s Tanoriz strikes formal China alliance in boost

Tanoriz (Malaysia) and W&H Law Firm (China) formed a partnership to jointly promote investment and provide integrated legal services

Commerce & Finance adds corporate partner in Hong Kong

Commerce & Finance has hired Bonnie Yung as a partner in Hong Kong, strengthening its corporate and finance practice

Recognising, enforcing foreign awards and court judgments in China

By Sun Jiajia and Ariel Gu, W&H Law Firm

Recognition and enforcement of foreign awards and judgments are now key to cross-border dispute resolution in China

Good faith in commercial arbitration: China’s evolving approach

By Ren Kaiyu, Langfang Arbitration Commission

China’s approach to good faith in commercial arbitration is evolving as arbitration depends on tribunal neutrality and party integrity

Anli brings in eight tax lawyers from KWM

Eight tax lawyers led by Ye Yongqing from King & Wood Mallesons have joined Anli Partners’ Shanghai office

China’s legal guide to fintech for 2025

By Li Jinping, Fujian Zenith Law Firm

Foreign-related arbitration under China’s new Arbitration Law

By Shen Peng and Eva Zhou, Guantao Law Firm

Revised Arbitration Law passed by the 17th Session of the 14th NPC Standing Committee

Jia Yuan adds investment funds partner in Shanghai

Jia Yuan Law Offices has appointed Zhou Mengjun as a partner in Shanghai, strengthening its investment funds and M&A capabilities

Baijus opens Nanning office to bolster nationwide presence

Chongqing-headquartered Baijus Law Firm has officially launched the Nanning office, marking the firm’s 10th branch nationwide

Furui onboards international business partner in Beijing

Beijing-based boutique Furui Law Firm has hired Zhang Sijie as a partner to further strengthen its cross-border practice

JunHe recruits Amap’s ex-litigation director in Beijing

JunHe has hired Chen Sijia as a partner in Beijing, strengthening its dispute resolution and data asset protection practice

Tariff triage

Facing unpredictable tariffs, compliance crackdowns and rising trade tensions, companies in Asia are rethinking contracts, manufacturing and supply chains

Firms guide Sunac’s USD9.6bn offshore debt restructuring

Sunac secured Hong Kong court approval for its USD9.6 billion offshore debt restructuring, backed by over 98% of creditors

Firms steer China and HK USD5.13bn bond issuances

China and Hong Kong issue major sovereign and digital green bonds with leading international firms advising

Determining liable ‘illicit gains’ from fiduciary breach

By Jiang Xuan and Xin Xiangrong, Zhong Lun Law Firm

When executives move: Digital defences for trade secrets

By Ethan Zhang, Joint-Win Partners

Kirkland and Linklaters guide ANE’s HKD14.3bn privatisation

Kirkland & Ellis and Linklaters are advising on the proposed USD1.8 billion privatisation of freight operator ANE

Firms flip Burger King’s USD350m sale of China operations

Kirkland & Ellis, Haiwen & Partners, Morrison Foerster and JunHe are assisting on the sale of Burger King’s 83% stake in its China operations

Firms act on Meituan’s USD3bn offshore bond issue

Han Kun Law Offices and JunHe have advised Meituan on its dual‑currency offshore bond issuance worth USD3 billion

Navigating legality and validity of non-competes

By Zhu Tao and Guo Zhiyan, ETR Law Firm

Cross-border debt recovery: Lessons from a guarantee dispute

By Armstrong Chen and Wang Xin, Dacheng Law Offices

As global finance integrates, Chinese firms often secure offshore loans or bonds backed by outbound domestic guarantees

Zhong Lun advises Fujian Funeng’s RMB3.8bn bond issuance

Zhong Lun Law Firm advised Fujian Funeng on a record RMB3.8 billion convertible bond listing on the Shanghai Stock Exchange

Tahota opens in Suzhou, expands Yangtze River Delta presence

Tahota Law Firm launches a Suzhou office to boost its Yangtze River Delta presence and nationwide legal service network

Skills training for corporate counsel

China strengthens training rules for corporate counsel

KWM advises Huaihe Energy’s RMB11.7bn asset restructuring

King & Wood Mallesons is advising Huaihe Energy on its RMB11.69bn (USD1.64bn) acquisition of a power subsidiary

How cross-border family trusts are clouding transparency

By Zhou Le and Wang Yidan, Blossom & Credit Law Firm

Lawyers and PR: Synergies and case insights

By Tony Chen, Anli Partners

Lawyers and PR teams now work hand in hand to manage corporate crises, blending legal precision with strategic communication to protect brands and trust

Criminal tactics for PE post-investment control

By Wu Jialing and Huang Xinran, Starrise Law Firm

Han Kun brings onboard construction partner in Shanghai

Han Kun Law Offices has hired Eric Zhang as a partner in Shanghai, bringing 17 years of legal experience

Revised Cybersecurity Law: New penalties, extends enforcement

China’s Cybersecurity Law was revised on 28 October, its first update since taking effect in 2017

TSMP Law taps former monetary authority deputy director

TSMP Law hired former MAS deputy director Harsharan Kaur to lead its investigations and financial regulatory practice

Veteran Wang Weidong joins Jingtian & Gongcheng in Beijing

Veteran lawyer Wang Weidong has joined Jingtian & Gongcheng in Beijing as a partner, bringing more than 30 years of experienc

Commerce & Finance officially opens office in Chongqing

Commerce & Finance Law Offices has launched a new Chongqing office led by partner Liao Jun, expanding its presence in Southwest China

Hope for Chinese victims in 61,000 bitcoin ponzi scheme

Chinese victims in the 61,000 bitcoin Lantian Gerui scam may gain extra compensation after UK court progress, marking a key step in cross-border recovery efforts

Eswin RMB4.6bn debut marks China’s second-largest IPO in 2025

Jingtian & Gongcheng and Commerce & Finance advised Eswin on its RMB4.6b (USD634.5m) SSE Star Market listing

China to enhance judicial review mechanism for arbitration

A top court judge says the Supreme People’s Court will refine judicial review and boost arbitration after law revision

Firms advise China software provider JST Group on HKD2bn IPO

Davis Polk, C&F, Harneys, Linklaters and Jingtian & Gongcheng advised JST Group on its HKD2.09bn HKEX IPO on 21 Oct

HK ex-minister Teresa Cheng first IOMed secretary-general

IOMed, inaugurated in Hong Kong, has appointed former justice secretary Teresa Cheng as its first secretary-general

Revised code regulates listed company executives’ conduct

CSRC issued revised corporate governance rules to strengthen conduct and oversight among listed companies

Harneys kickstarts Asia expansion with restructuring partner

Harneys hired partner Ben McCosker to its Shanghai office, boosting its litigation and restructuring strength

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