Commerce & Finance Law Offices recently held an opening ceremony to officially launch its new Hong Kong office, aiming to enhance its services for Chinese clients investing overseas.
Zhang Xiaoman, a partner at Commerce & Finance in Beijing, told China Business Law Journal that the firm started doing business in Hong Kong 26 years ago, and was one of the first mainland law firms to do so. “The reason for setting up a formal Hong Kong office now is to adapt to the changing demand of clients,” he said.
“In the past, perhaps there were more foreign investors who were in need of PRC lawyers’ services, while nowadays there are more Chinese clients heading overseas, looking for more international and globalized legal services. Setting up the Hong Kong office is also to respond to China’s plan for the Guangdong-Hong Kong-Macau Greater Bay Area.”