Tag: Capital markets
HKEX enforcement cases highlight top-level accountability
Hong Kong Exchanges and Clearing Limited (HKEX) has consistently emphasised the importance of listed issuers complying with its listing rules
Japan’s Mizuho Financial offers USD6.6bn in senior notes
Simpson Thacher and Davis Polk advise on Mizuho Financial Group’s USD6.6 billion senior notes offering.
KEPCO issues USD700m in notes under USD11bn GMTN programme
Firms act on Korea Electric Power Corporation’s USD700 million dual-tranche note issuance under its USD11 billion global medium-term note programme
Philippine Airlines offers landmark USD300m high-yield bond
Philippine Airlines’ issues landmark USD300 million 7.75% five-year senior unsecured guaranteed notes
Commerce & Finance opens in Guangzhou extending GBA reach
Commerce & Finance Law Offices opens its Guangzhou office on 22 July, strengthening services across the Greater Bay Area
Indian corporate fitness provider Cult.fit in INR9.5bn IPO bid
Firms are advising on Cult.fit’s proposed INR9.5 billion (USD98.45 million) initial public offering on the BSE and NSE
SEC and the cost of local capital market investment
Philippine investors seek US market gains as SEC warns on unregistered brokers and feeder funds
SAM, Trilegal, Latham drive Ather Energy’s USD134m QIP
Firms drive electric two-wheeler manufacturer Ather Energy’s INR13 billion (USD134 million) qualified institutional placement (QIP)
Firms map MiniMax’s HKD16bn share and bond fundraising
Davis Polk and Commerce & Finance advise on MiniMax’s share placement and convertible bond issuance
WFW adds finance, capital markets partner from White & Case
Watson Farley & Williams strengthens its APAC finance and capital markets team with partner Xuan Jin joining the Hong Kong office.
Reuben Chacko quits CAM to expand S&R’s southern horizon
After two decades at Cyril Amarchand Mangaldas (CAM), Reuben Chacko, senior partner and regional co-head markets practice (south) has decided to move to S&R Associates.
Allens, HSF Kramer advise on Australia’s largest IPO in 2026
Allens and HSF Kramer assist on FDC’s landmark IPO, raising AUD400 million in the largest debut on the Australian Securities Exchange (ASX) this year to date
Recalibrating India’s FPI regime beyond NRIs/OCIs
India broadens schedule III route, tightens safeguards on ownership, thresholds and land-border jurisdictions
Adani’s USD1.57bn QIP in landmark India issuance
Firms guide Adani Enterprises on a INR150 billion qualified institutional placement in the largest such non-bank issuance in India
Latham, A&G, Clifford Chance act on Singapore healthcare IPO
Latham & Watkins, Allen & Gledhill and Clifford Chance guide parties in Foundation Healthcare’s SGD242 million (USD187 million) IPO in Singapore
Firms steer top wafer foundry Nexchip’s HKD6.98bn listing
Leading wafer foundry Nexchip Semiconductor lists on the HKEX main board on 10 July, raising around HKD6.98 billion (USD890 million)
Firms assist on Three-Circle’s HKD7.16bn debut in Hong Kong
Three-Circle Group debuts on the HKEX on 9 July, raising around HKD7.16 billion (USD913 million)
Firms advise on PCB drill-bit leader Dtech’s HKD4.8bn IPO
Printed-circuit board drill-bit manufacturer Dtech Technology raises HKD4.8 billion (USD612 million) in its HKEX debut on 9 July, three years after its SZSE listing
AHP steers Bank Tabungan Negara’s pension loan portfolio buy
Assegaf Hamzah & Partners advises Bank Tabungan Negara (BTN) on acquiring Bank SMBC Indonesia’s pension loan portfolio for a reported IDR19.9 trillion (USD1.1 billion)
Korea’s SK Hynix makes historic USD26.5bn Nasdaq listing
South Korean semiconductor giant SK Hynix debuts on the Nasdaq via American depositary receipts, raising up to USD26.5 billion
Luxshare raises HKD24.27bn in Hong Kong’s largest IPO
Chinese leading manufacturing company Luxshare Precision raises about HKD24.27 billion (USD3.09 billion) in Hong Kong’s largest IPO to date this year
Davis Polk, Fangda act on Biren’s HKD7.1bn H-share placement
Chinese graphics processing unit developer Biren Technology raises around HKD7.1 billion after an H-share placement on the HKEX on 8 July
Linklaters assists on Philippines’ USD2.5bn bond offering
Linklaters assists on Philippine government’s USD2.5 billion triple-tranche global bond offering
Firms steer autonomous driving company Momenta’s HKD5.89bn IPO
Chinese autonomous driving company Momenta debuts on the HKEX on 8 July, raising HKD5.89 billion (USD751 million)
EACON is world’s first listed autonomous mining vehicle company
China’s EACON Group becomes the world’s first listed autonomous mining vehicle company after its HKEX debut on 8 July, raising HKD3 billion
Global Law recruits four partners in disputes and investment
Global Law Office recruits four partners and their teams to strengthen its capabilities in dispute resolution and investment
Skadden, Mori Hamada act on NTT Finance’s USD10.4bn notes
Firms advise on NTT Finance Corporation’s concurrent multi-currency offering of senior notes equating to around USD10.4 billion
LHAG hires three from Zaid Ibrahim & Co, including former MP
Malaysia’s Lee Hishammuddin Allen & Gledhill (LHAG) recruits three lawyers from Zaid Ibrahim & Co, including former managing partner Amin Abdul Majid
AZB, CAM, Hogan Lovells steer Sterlite’s USD159m QIP
AZB & Partners, Cyril Amarchand Mangaldas and Hogan Lovells act for Sterlite Technologies’ qualified institutional placement (QIP), raising around INR15 billion
Kanga & Co sole counsel for OM Power’s INR1.5bn IPO
Kanga & Co advises Om Power Transmission on its successful IPO in India, raising around INR1.5 billion (USD15.73 million)
Firms advise on Anker Innovations’ HKD4.6bn HKEX debut
来自中国内地、香港、日本、阿联酋和美国共十家律所为此次上市提供法律服务
Khaitan, Trilegal and Linklaters work on landmark JSW QIP
Firms have worked on JSW Infrastructure’s landmark INR75 billion (USD875 million) qualified institutional placement (QIP)
Sullivan & Cromwell hires capital markets partner in HK
Former Paul Hastings partner Steven Hsu joins Sullivan & Cromwell’s capital markets group in Hong Kong
HHP Law Firm appoints Ponti Partogi as new managing partner
HHP Law Firm, the Indonesian member firm of Baker McKenzie, names Ponti Partogi as its new managing partner
Cooley, Dua advise Lingyi iTech on HKD8.26bn Hong Kong IPO
Cooley and Dua Associates have guided Apple supplier Lingyi iTech on its HKD8.26 billion (USD1.06 billion) initial public offering in Hong Kong
China Resources New Energy in RMB21.3bn record SZSE debut
King & Wood, Haiwen & Partners and Clifford Chance act on China Resources New Energy’s record breaking RMB21.3 billion IPO on the SZSE
Allens guides landmark USD30m Vietnam green bond issuance
Allens counsels GuarantCo on a payment default guarantee for a private VND-denominated USD30 million bond issuance by Verdant Energy’s Vietnamese subsidiaries
Juris Corp bolsters leadership with four new equity partners
Juris Corp inducts Ankit Sinha, Apurva Kanvinde, Saurabh Sharma and Smrithi Nair as equity partners
Firms advise on Mitsubishi’s USD1bn senior notes offering
Firms advise on Mitsubishi Corporation’s Rule 144A and Regulation S offering of USD1 billion in senior notes
MMG raises USD1.6bn in share placement and bond offering
China Minmetals Corporation’s subsidiary MMG raises USD1.6 billion from a share placement and bond issuance
Preparing for Hong Kong’s paperless securities regime
Hong Kong’s shift to a paperless securities regime in 2026 marks a digital leap for issuers, reshaping shareholding and compliance norms
Indonesian Merdeka Gold’s landmark HDR listing in Hong Kong
Firms steer Merdeka Gold Resources’ landmark secondary listing of Hong Kong depositary receipts (HDRs) on the SEHK
BKL wins mandate to advise Korea’s financially strained Sambu
Bae Kim & Lee (BKL) is the sole legal adviser working on Sambu Engineering & Construction’s corporate rehabilitation proceedings in South Korea
CAM, Shardul Amarchand act on Krishna medical’s USD155m QIP
Firms assist on Krishna Institute of Medical Sciences’ INR15 billion (USD155 million) qualified institutional placement of shares
China Commercial secures approval to open Singapore branch
China Commercial Law Firm has received approval to establish a Singapore office as its 20th overseas branch, further expanding its global legal services network
Unwinding red-chip structures
This practical guide covers tax exposure, distinct exit paths for VIE and direct equity structures, and five regulatory red flags that determine IPO success.
Firms sketch Italian stationary giant FILA’s DOMS stake sale
Firms chart Italian stationary giant FILA Fabbrica Italiana Lapis ed Affini’s sale of 7% stake in Indian subsidiary DOMS Industries
Firms steer Danantara Indonesia’s USD5bn MTN, USD1.5bn bonds
Firms chart Danantara Indonesia’s debut USD5 billion global medium-term note programme and inaugural USD1.5 billion bond issuance
Skadden assists on GO debut in Japan’s largest IPO in 2026
Skadden advises Japanese company GO on its JPY88.6 billion global IPO and Tokyo Stock Exchange debut in the largest Japan listing in 2026
Nishimura & Asahi, Clifford Chance drive USD1.5bn bond offering
Firms act on JX Advanced Metals Corporation’s issuance of JPY250 billion (USD1.5 billion) of zero-coupon convertible bonds
China Commercial adds capital markets and Web3 partners
China Commercial Law Firm recruits Luo Shazhou and Ji Zhe as partners at its Shanghai office, bolstering the capital markets practice
Firms act on Australian REIT’s USD1.4bn secured debt platform
Mallesons and Ashurst advise on Charter Hall Long WALE REIT’s new AUD2 billion (USD1.4 billion) secured debt platform
Investment strategies in alluring India
India draws Japanese investment with pricing rules, FDI, FVCI, convertible notes and minority protections for unlisted equity
Korea’s legal landscape: Strategic window for Japanese investors
South Korea’s sweeping reforms invite Japanese investors to reassess market opportunities, risks, governance and collaboration
Firms advise on HKMC’s HKD12bn landmark digital bond issuance
The HKMC issues its maiden multi-currency native digital bonds worth around HKD12 billion (USD1.5 billion) in the largest such global issuance
Simpson Thacher steers USD945m Kokusai Electric stock sale
Simpson Thacher advises KKR HKE Investment on the sale of its Kokusai Electric Corporation stake for USD945 million
Shihui opens HK office in association with HM Chan & Co
Shihui Partners launches a Hong Kong office in association with local peer HM Chan & Co, marking the Chinese mainland firm’s fourth branch
Firms update IIFL’s USD1bn medium-term note programme
Firms guide parties involved in an update of IIFL Finance’s USD1 billion secured global medium-term note programme
Kanga & Co advises MK Sons Fine Jewels on proposed IPO in India
Kanga & Co counsels MK Sons Fine Jewels and book-running lead manager Aryaman Financial Services on the jewellery company’s proposed IPO in India
China finance ministry issues RMB6bn sovereign green bonds
Firms advise on China finance ministry’s first issuance of RMB6 billion RMB-denominated sovereign green bonds in Hong Kong
AYMP steers USD12m submarine cable shelf registration scheme
Armand Yapsunto Muharamsyah & Partners advises Indonesia’s Ketrosden Triasmitra on its IDR220 billion (USD12 million) submarine shelf registration programme
HKEX consultation on listing framework competitiveness
New consultation paper proposes relaxed WVR voting caps, simplified financial requirements, and easier secondary listing rules to attract more quality issuers to Hong Kong
Firms assist on Dajin Heavy Industry’s HKD6.64bn HKEX debut
Dajin Heavy Industry, a leading offshore wind energy equipment manufacturer, lists on the HKEX, raising HKD6.64 billion
Agile shareholding structures, compliance to drive AI globalisation
AI global expansion confronts regulatory and geopolitical hurdles
Singapore firms steer USD841m office tower refinancing loan
Singapore firms steer USD841m refinancing loan for Frasers Tower in the Lion City
K&L Gates appoints corporate and M&A partner in Hong Kong
Dechert’s former China practice head Wang Yang joins K&L Gates in Hong Kong as a partner
Commerce & Finance adds capital markets partner in Hong Kong
Commerce & Finance Law Offices hires Zhong Xiaoming as a partner at its Hong Kong office
New CSR instrument exempts companies from impact assessment
India’s Ministry of Corporate Affairs introduces zero coupon, zero principal instruments to help companies facilitate corporate social responsibility compliance
Firms act on USD100m note issue for Indonesia gold mine project
Firms counsel parties on Indika Energy’s USD100 million 8.75% senior note issuance to fund a gold mining project in Indonesia
JSA guides Online Instruments on proposed INR7.5bn IPO
Firms are advising on the proposed IPO on the BSE and NSE of Online Instruments (India), which expects to raise INR7.5 billion (USD77.49 million)
Firms aid WuXi AppTec’s RMB6.78bn convertible bond issuance
Pharmaceutical R&D company WuXi AppTec issues RMB6.78 billion (USD996.6 million) in USD-settled zero-coupon convertible bonds due in 2027
Firms assist Pakistan’s landmark panda bond issuance
Pakistan issues South Asia’s first sovereign panda bond, raising RMB1.75 billion and funding green infrastructure
LPA Tokyo boosts corporate, M&A with new partner
LPA Tokyo hires partner Yoshiki Tsurumaki from King & Wood to boost corporate and M&A
Rohit Tiwari joins Trilegal’s Bengaluru capital markets practice
Rohit Tiwari joins Trilegal as Bengaluru capital markets partner, boosting equity partnership to 158
Simpson Thacher assists on USD711m global equity offering
Simpson Thacher advises Japan’s Sumitomo Pharma on its USD711m international share offering
Hong Kong-based partner joins Italian firm Gianni & Origoni
Italian law firm Gianni & Origoni appoints Hong Kong-based partner Teresa Lee
Boom in panda bond issuances set to flourish, say lawyers
The appeal of panda bonds surges in 2026, with issuance volume reaching RMB88.24 billion (USD13 billion) in a record high for a single quarter
Dechert hires two partners, including ex-Milbank Seoul MP
Dechert appoints two partners from Milbank – David Cho, ex-managing partner of the Seoul office, and special counsel Min Kim
Llinks expands Hong Kong office with two partner hires
Llinks Law appoints partners Vivian Ji and Daniel Leung for its Hong Kong office
Firms steer Korean shipbuilder’s USD1.55bn bond issuance
Firms advise on HD Korea Shipbuilding & Offshore Engineering’s KRW2.37 trillion (USD1.55 billion) zero-coupon exchangeable bond issuance
Firms steer CATL’s HKD39.2bn H-share placement
CATL completes a new H-share placement, raising HKD39.19 billion on 30 April 2026 in the largest equity placement in the Hong Kong market to date
Linklaters steers Genting Group’s USD1.25bn securities offer
Linklaters advises Malaysia-headquartered Genting Group on its issuance of USD1.25 billion dual-tranche subordinated perpetual securities
Kudun and Partners integrates law firm, names Vietnam head
Kudun & Partners integrates corporate and capital markets law firm Manunya & Associates with its founder Manunya Thitinuntawan joining as a partner
Firms act on medtech maker Cofoe Medical’s HKD1.06bn IPO
Cofoe Medical Technology lists on the HKEX main board becoming the first home medical equipment maker to achieve a dual listing
Weerawong C&P pair rejoins Chandler Mori Hamada in Bangkok
Thailand’s Chandler Mori Hamada has brought back Siregran (Gahn) Sakuliampaiboon and Disaphon Kevin Saengpetch
Commerce & Finance expands capital markets team in Hong Kong
Commerce & Finance appoints Jiang Shan as a partner in its debt capital markets practice in Hong Kong
How actual controllers of listed companies ward off criminal risks
When listed companies become involved in serious misconduct like tax evasion or bribery, the actual controller is often the first to be held accountable
Dorsey hires corporate of counsel Carlton Ng in HK office
Dorsey hires Carlton Ng as of counsel at its Hong Kong office, strengthening its capabilities in capital markets and corporate compliance
Firms steer hybrid computing provider Xizhi Tech’s HKD2.5bn IPO
Optical-electronic hybrid computing provider Xizhi Technology lists on the HKEX on 28 April, raising HKD2.53 billion (USD323 million)
Jingtian & Gongcheng opens key Yangtze delta branch in Ningbo
Jingtian & Gongcheng officially opens Ningbo office on 24 April, marking the firm’s 11th branch nationwide
Mallesons steers NEXTDC’s USD1.5bn data centre capital raise
Mallesons guides data centre operator NEXTDC on its AUD2.2 billion (USD1.5 billion) capital raise to support data centre development
Crypto, tokenisation and structured finance in the Philippines
Philippines shifts from crypto payments to tokenised structured finance, guided by regulation and investor protection
Firms steer smart device maker Huaqin Tech’s HKD4.55bn IPO
Huaqin Technology, a smart device platform company, debuts today on the main board of the HKEX, raising HKD4.55 billion
Firms steer shipping operator MTT’s USD164m IPO in Malaysia
Firms advise on MTT Shipping and Logistics’ IPO on the Bursa Malaysia, raising MYR652 million (USD164 million)
Firms steer Victory Giant Technology’s HKD20bn IPO
JunHe, Cleary Gottlieb, Robin Lynn & Lee, CHP Law, DFDL, Freshfields and Jingtian & Gongcheng advise on Victory Giant Technology’s HKD20 billion IPO
AllBright and Haiwen act on SJ Semiconductor’s RMB5bn IPO
Chip packaging and testing company SJ Semiconductor debuted today on the SSE Star Market, raising more than USD733 million and becoming the largest A-share IPO so far in 2026
Banking and finance partner rejoins Adnan Sundra & Low
Malaysian law firm Adnan Sundra & Low welcomes Sharon Teoh’s return as a banking and finance partner
Baker McKenzie, Gibson Dunn steer USD1.5bn AI acquisition
Baker McKenzie Wong & Leow, the Singapore arm of the global law firm, and Gibson Dunn advised on regulatory technology company Diginex’s
Grandall welcomes six equity partners in four offices
Grandall Law Firm has added six equity partners across its Guangzhou, Shenzhen, Fuzhou and Wuhan offices
Christopher & Lee Ong advises on Malaysian sushi chain’s IPO
Malaysian law firm Christopher & Lee Ong has advised on Empire Premium Food’s listing on the Bursa Malaysia
First ‘Six Little Dragons of Hangzhou’ goes public in HK
Manycore Tech is the first of the so-called “Six Little Dragons of Hangzhou” to go public and the world’s first listed spatial intelligence company after debuting on the HKEX on 17 April
Hogan Lovells Cadwalader becomes largest law firm merger
Partners at Hogan Lovells and Cadwalader Wickersham & Taft have approved a proposed merger to create the largest law firm combination in history
Indonesian firms assist on USD750m Bank Mandiri bond offering
Indonesian firms assist Bank Mandiri on USD750 million global bond offering in the first benchmark USD issuance from Southeast Asia since late February 2026
How to properly manage sick leave
Managing sick leave and medical treatment periods can be a big headache for companies – cured only by preemptive policy clarification
Jingtian & Gongcheng adds three partners in Beijing
Jingtian & Gongcheng has hired three partners, Shi Bisheng, Shi Lei and Chen Zhaolong, for its Beijing office
Consent required for electronic share transfer in private companies
NSDL circular mandates consent letters for demat private share transfers, reshaping investor exits and Companies Act compliance
Capital markets partner returns to JunHe in Hong Kong
JunHe Law Offices welcomes return of partner Ryan Choi at the Hong Kong branch to bolster its capital markets practice
CMS IndusLaw is sole counsel for Intellius Recode on IPO bid
CMS IndusLaw is sole Indian counsel advising software company Intellius Recode on its proposed initial public offering
Zhong Lun adds four dispute and capital markets partners
Zhong Lun has continued to bolster its ranks by adding four partners, following Tony Chow’s appointment in February
Using SPVs to control founder risks in VAM agreements
In investment and M&A deals, valuation adjustment mechanism (VAM) agreements, also known as bet-on agreements, are increasingly used to bind the parties’ interests and drive the target’s performance
New rules on short swing trading strengthens compliance: lawyers
The China Securities Regulatory Commission issued the regulation on short swing trading on 6 March
The A-List 2025-26: Rising Stars
China Business Law Journal has identified this year’s future leaders in the legal market after an extensive market survey and independent research
Capital markets partner joins Han Kun in Hong Kong
Han Kun Law Offices has appointed Joanne Loi as a partner at its Hong Kong branch, further strengthening the firm’s capital markets practice








































































































































