Clifford Chance advises China Merchants Securities on US$1.4 billion

Leading international law firm Clifford Chance is advising China Merchants Securities on its US$1.4 billion IPO and listing on the Hong Kong Stock Exchange. China Merchants Securities is one of the top ten integrated securities firms in China. The lead underwriters include China Merchants Securities (HK), JP Morgan and Morgan Stanley.

The team was led by partners Fang Liu and Amy Lo. They were supported by consultant Xiang Tianning and senior associate Corey Zhang and associates Liao Yufei, Jennie Lau, Liu Dandan and Emma Bao and legal assistants Catherine Zhou and Vicky Xiang.

Partner Fang Liu said, “It is a privilege to assist China Merchants Securities on its IPO, Hong Kong’s third largest this year. I’m very proud of our highly experienced and diverse team that has been able to address the new and challenging issues in the market.”

Partner Amy Lo said, “Our team has done an excellent job of rapidly responding to our clients’ needs with sound solutions and guiding them through the process. We look forward to continuing to advise on the most interesting transactions in the market.”

Clifford Chance’s Greater China team is a market leader advising on the most significant Hong Kong listings. Earlier this month they advised on Postal Savings Bank of China’s $7.4 billion IPO, the largest globally thus far for 2016 and in Hong Kong since 2010.

This deal again exemplifies Clifford Chance’s stature as the firm of choice for PRC securities firms’ Hong Kong IPOs, on the back of its involvement in most major IPOs in this sector, including those of China Everbright Securities, HTSC, GF Securities, Central China Securities, China Galaxy and Haitong.

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