Securities

Securities - China

Our experienced securities lawyers provide cutting-edge advice on capital market transactions

We provide access to the source of “new world” capital through our global network of leading securities lawyers.  With unrivalled depth in the Asian region and as the only international law firm able to practice PRC law, we are helping our regional clients to access global capital and our global clients to access Asian capital.

We are uniquely positioned with strength in China, the fastest-growing capital market in the world. Major international corporations, financial institutions, and Chinese issuers rely on us for their A Share, H Share and Red Chip offerings. It is our ability to combine technical and commercial expertise with a depth of market connections that drives our leading reputation.

In China we advise on both debt capital markets and securitsation. This includes advice on initial public offerings and refinancing, issuing corporate bonds, mergers and acquisitions of listed companies, private equity financing and other related securities transactions. 

Two decades of innovation in securities

Over the last 20 years we have advised issuers and underwriters in thousands of domestic and cross-border securities transactions. We continue to be at the forefront of innovation in the China capital markets, both on the equity and debt side.

We regularly represent Chinese issuers and underwriters on initial public offerings (IPOs) on the Shanghai, Shenzhen, Hong Kong, Singapore, NASDAQ and Frankfurt Stock Exchanges. These include the largest and most sophisticated transactions in the world. Our team recently advised the six lead underwriters in relation to the Alibaba IPO, the largest IPO in the history of the US capital markets. 

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A full service

Uniquely across Greater China, we can advise on Shanghai, Shenzhen and Hong Kong listings as well as on non-registered offerings pursuant to Rule 144A and Regulation S. On the debt side we have an outstanding track record and we advise on cutting-edge bond issuances, and structured finance and securitisation transactions.

We regularly advise a range of Chinese issuers. These range from the nation’s largest state-owned enterprises and private companies to up-and-coming companies across all sectors.  We also advise public companies on mergers and acquisitions as well as private equity funds, both international and domestic, on formation and downstream investment.

"King & Wood Mallesons’ practice was engaged in a number of debt capital markets matter, complementing its strength in IPOs and convertible bonds. The firm acted for China Guangdong Nuclear Power Holding in the issue of RMB1.5bn bonds in Hong Kong, one of the highest-rated issues from a Chinese SOE in the RMB bond market; and advised on Master Kong Holdings’ US dollar bond issue, one of the most significant fundraisings in the international debt capital markets. The department is jointly led by the ‘brilliant and persistent’ Yongliang Zhang, Gang Jing and Mulong Gong, Xiaolei Yang and Jianping Wang are also highly rated."

Legal 500

Discover our latest insights into legal issues affecting your business

While the term “class action” is not known under PRC law, “representative actions” are recognised under the Civil Procedure Law with mechanisms for claims.

26 August 2016

In this article we will briefly analyse the conditions and restrictions for the formation of securities companies with foreign shareholders.

23 December 2015

A recent English Court of Appeal decision provides a reminder of the need to investigate signing authorities carefully when contracting with non-UK companies.

11 March 2015

CSRC recently published Guiding Opinions on the Pilot Implementation of Employee Stock Ownership Schemes by Listed Companies.

04 June 2014

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