Setting up the KWM International Center is a significant strategic deployment for the firm.
On 28 April, 2018, KWM China Management Committee Chairman Zhang Yi announced the establishment of a Facilitation Working Group tasked to build a KWM International Center in the Greater Bay Area. The group, led by Mr. Zhang Yi, will consist of KWM’s managing partners and the head partners of the firm’s Hong Kong, Shenzhen, and Guangzhou offices. KWM China Managing Partner Wang Ling will relocate to Shenzhen to jointly promote the construction of the International Center.
With the continuous advancement of China’s Belt and Road initiative, and the construction of the Greater Bay Area becoming a national strategy, the KWM Shenzhen, Guangzhou, and Hong Kong offices will play an increasingly strategic role in the firm’s internationalisation. In the second half of 2017, KWM Global Chairman Wang Junfeng stated that the firm should seize the historical opportunities presented by the construction of the Greater Bay Area by further leveraging the regional advantages offered by our presence in Hong Kong, Shenzhen, and Guangzhou offices, as well as KWM’s international reach and expertise. Wang Junfeng said that KWM should build an International Center in the Greater Bay Area to follow the national development strategy and to better serve our clients’ needs as they explore opportunities in the region.
Sue Kench, Global Managing Partner based in Hong Kong said: “With the unique depth and breadth of our expertise across these offices, in China more broadly, and across the region, we can provide an integrated service for clients to help deliver the vision of this globally significant urban development plan.
Over the past few years, KWM has maintained a leading position in cross-border M&A in the Asia-Pacific region. Drawing on the strengths of its global network, the firm has worked with Chinese enterprises on a number of milestone transactions, supporting their “outbound” investments and project financings, and Belt and Road projects in particular. As an important move for KWM to continue to pursue its international growth strategy, the KWM International Center will focus on providing an integrated offering to our Chinese and international clients in the areas of particular importance to them in the Greater Bay Area, including Belt and Road projects, cross-border investments, high-end financial services, PE / VC investments, working with unicorns, capital markets, IP protection, and cross-border dispute resolution. The firm will also continue to recruit top talent in the market.
According to Ms. Wang Ling, the establishment of the KWM International Center is a significant strategic deployment for the firm. The center will build on the firm’s Shenzhen, Guangzhou, Hong Kong and Sanya offices to connect and unleash KWM’s global resources, actively participate in the nation’s Belt and Road projects, and seize the opportunities presented by the construction of the Greater Bay Area and the development of the Hainan Free Trade Port, striving to build an important growth pole for KWM’s future development.