Capital Markets: High-Yield Products (International Firms)
Greater China Region Guide 2024 : China
Band 3
Email address
[email protected]Contact number
+9714 313 1700About
Provided by King & Wood Mallesons
As a leader in China's securities and capital markets, we provide cutting-edge legal advice
King & Wood Mallesons (KWM) was one of the first law firms approved to provide legal advice on securities transactions in China. We have a team of experienced lawyers who practise in frontier markets, providing clients with access to the source of “new world” capital through our global network. With unrivalled depth in Asia and as the only international law firm capable of practicing PRC law, we help our regional clients access global capital, and our global clients access Asian capital.
We are uniquely positioned with strength in China, the fastest-growing capital market in the world. We advise multinational companies, financial institutions and Chinese issuers on their A-share, H-share, red chip, ADR and GDR offerings. We also represent Chinese issuers and underwriters in their IPOs on the Shanghai, Shenzhen, Singapore, New York, NASDAQ, and Frankfurt stock exchanges. These projects span almost all sectors, including the largest and most complex transactions in each sector.
Chambers Review
King & Wood Mallesons enjoys a solid reputation for its work representing a range of clients in straight debt and convertible offerings, as well as tender offers and consent solicitations. The firm is able to advise on panda bonds, as well as euro and Singapore dollar-denominated offerings, and also enjoys a growing reputation for representing Chinese issuers in high-yield work. Additionally, the team remains active on notable Hong Kong IPOs and is able to provide US, UK, PRC and Hong Kong law advice. It has a particularly strong reputation in PRC-related matters due to its network of offices there. Its key clients include HNA Aviation, Industrial Bank and BOCOM International.
Work Highlights
- King & Wood Mallesons advised Shanghai Lingang as international counsel on its issuance of CNY1 billion 2.98% guaranteed green bonds due 2025 and EUR50 million 3.00% guaranteed green bonds due 2023 in the China (Shanghai) Pilot Free Trade Zone.
- King & Wood Mallesons advised advised Seazen as US and New York law counsel on its USD100 million 7.95% Guaranteed Senior Green Notes due 2023.
- King & Wood Mallesons advised Fangda Carbon New Material as US and English law counsel on its offering and listing of 22 million global depository receipts on the SIX Swiss Exchange.
Strengths
Provided by Chambers
"They are very professional and conscientious. They grasp market changes and cover different products in both domestic and overseas markets."
"The team are diligent and knowledgeable, with a high level of professional service and responsiveness, as well as a high level of commercial awareness."
"They are very professional and conscientious. They grasp market changes and cover different products in both domestic and overseas markets."
"The team are diligent and knowledgeable, with a high level of professional service and responsiveness, as well as a high level of commercial awareness."
Notable Practitioners
Zhou Hao is co-chief executive of King & Wood Mallesons' Hong Kong office and is recognised as having dual expertise in both investment-grade and high-yield debt offerings.
"Zhou Hao possesses very strong industry knowledge, very strong relationships and very strong experience. He's always a good partner."
"I trust Hao for his advice on everything related to international bond issuance and liability management for Chinese companies. His knowledge of the market's pulse and regulatory environment is unparalleled."
Michael Lu is a driving force in King & Wood Mallesons' Hong Kong DCM practice and leads matters ranging from the establishment of MTN programmes to tender offers and the issuance of exchangeable bonds.
"His work ethic, skills and knowledge make him indispensable. He is highly respected by his colleagues and clients alike, and consistently delivers high-quality work. His attention to detail and strong communication and interpersonal skills make him a valuable asset."
"He is dedicated, knowledgeable, constructive and deal-oriented. He works well with his team to deliver high-quality services consistently."
Yue Song wins recognition among peers and clients alike for his expertise in an array of debt capital markets transactions. He regularly advises issuers and underwriters.
"He is a good problem solver and a pleasure to work with."
"He has deep knowledge of the entire debt capital market space and is gifted at explaining difficult concepts with intelligence and clarity."