Securities

Securities - Hong Kong

Vital advice from experienced securities lawyers

Major corporations and financial institutions look to our law firm to assist with all aspects of domestic and international capital markets transactions. Whether you are undertaking a cross-border or domestic Initial Public Offering (IPO), a private placement or a rights issue, our top-ranked securities lawyers will guide you through the process.

Debt and equity expertise

King & Wood Mallesons’ Hong Kong capital markets team is one of the largest in the region and the only international legal practice that can provide integrated PRC, HK and US securities law advice, advising on both debt and equity transactions.  

We are involved in the structuring and execution of all forms of debt instruments (including investment grade, high yield and asset-backed securities) issued in reliance on Regulation S and/or Rule 144A under U.S. Securities Act, derivatives and listed and unlisted structured products. We continue to see the diversification of offshore Renminbi (RMB) product types, to support cross-border transactions in RMB. With Hong Kong as the most prominent offshore RMB hub, we have a strong, well established team with outstanding experience advising on the development of the full range of RMB structured products and related regulatory issues.

We also have Qualified Domestic Institutional Investor (QDII) expertise. This places us at the forefront of developing market trends, with QDII fund managers and securities companies increasingly investing in structured notes.

Our equity team has advised on over 100 IPOs. These include landmark listings across the energy and resources, financial services, trading and manufacturing, real estate, healthcare and other sectors. We also advise clients on follow-on offerings (including rights offerings), private placements and other forms of equity offerings. The team has close working relationships with our fellow partners in the PRC, enabling us to provide a one-stop shop service on the PRC, HK and US securities law aspects of the same transaction.

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US Securities practice

Integrated into our Greater China Capital Markets practice, King & Wood Mallesons’ US Securities practice provides our clients with advice in relation to Reg S only and Rule 144A (under U.S. Securities Act) offerings of high yield bond, investment grade bond involving different types of cross-border credit enhancement structure, liability management exercises such as consent solicitations and tender offers, as well as IPOs and follow-on offerings (including rights offerings) on the Hong Kong Exchanges and Clearing Limited (HKEx) and private placements and other forms of equity offerings.

Long-term client and regulator relationships

The debt and equity teams have long-standing relationships with regulators in Hong Kong, including the Hong Kong Securities and Futures Commission (SFC), HKEx and the Hong Kong Monetary Authority (HKMA).

Our equity capital markets team has a solid track record of successfully advising issuers, underwriters and investors on their IPOs, follow-on offerings (including rights offerings), secondary offerings and convertible bond and hybrids offerings.

Our debt capital markets team has long-standing client relationships, acting for leading arrangers, sponsors, issuers, borrowers, lenders and dealers.

We advise on:

Debt capital markets

  • Investment grade bond
  • High yield bond
  • Derivatives
  • Structured products including funds
  • Market regulation including clearing and settlement systems
  • Securitisation
  • Repackaging and other structured finance

Equity capital markets

  • IPOs, introductions, secondary listings, dual listings and reverse takeovers
  • Public company fund raisings, placements, open offers and rights issues
  • Share buybacks
  • Scrip dividends and distributions in kind
  • Listing Rules, Takeover Code and Securities and Futures Ordinance compliance, regulatory and corporate governance
  • Capital and debt restructuring, capital reduction and schemes of arrangement
  • Convertible bond and hybrids offerings
  • Pre-IPO investments and financings
  • Senior executive service contracts, share option schemes and incentive schemes.
"Clients can't seem to say enough good things about the firm’s structured finance and securitisation practice. They're up there with the magic circle firms."

IFLR1000

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