Banking and Finance

• A leading PRC banking group: Acting for client as arranger on CNH2.8 billion multi-tranche sustainability-linked real estate refinancing facility to a leading property developer/manager in PRC, with extension mechanism subject to NDRC approval.
• Confidential financial institutions and corporate clients: Advising on cross-border financing, real estate financing, pre-IPO financing, working capital financing and acquisition financing.

Private Debts and Securitisation

• Confidential financial institutions, corporations and investors: Assisting in securitisation, structuring, issuance and sale of private bonds backed by mortgages, receivables and consumer debts in Asian markets.

Capital Market

• Shandong Quanhui Industrial Development Co., Ltd.: Advising as issuer's international counsel on Shandong Quanhui Industrial Development Co., Ltd.'s successful further issue of CNY100,000,000 6.95% guaranteed bonds due 2027, which were unconditionally and irrevocably guaranteed by the issuer's parent company, Jinan Zhanqiu Holding Group Co., Ltd. and were consolidated and formed a single series with CNY500,000,000 6.95 per cent. guaranteed bonds due 2027 issued by the same issuer on 21 August 2024. The bonds are listed on the Chongwa (Macao) Financial Asset Exchange Co., Ltd. The joint lead managers of the further issue include China Credit International Securities, Haitong International, Pulun International, Shanghai Pudong Development Bank Hong Kong Branch, Shenwan Hongyuan (H.K.) and Shanggu Asset Management (Asia) Limited. Shandong Quanhui Industrial Development Co., Ltd. is a wholly owned subsidiary of the guarantor with its business operations primarily conducted in Zhangqiu District of Jinan City, Shandong Province and the group’s business consists of four major segments, namely, products sales, hotel and catering, property management, and surveying and design. The guarantor, Jinan Zhanqiu Holding Group Co., Ltd. is a state-owned enterprise in the PRC with its business operations primarily conducted in Zhangqiu District of Jinan City, Shandong Province and its business consists of five major segments, namely, infrastructure construction, hotel operation, commodities trading, tourism and investment business.
• Shandong Quanhui Industrial Development Co., Ltd.: Advising as issuer's international counsel on Shandong Quanhui Industrial Development Co., Ltd.'s successful offering of CNY280,000,000 6.95% guaranteed bonds due 2027 unconditionally and irrevocably guaranteed by the issuer's parent company, Jinan Zhangqiu Holding Group Co., Ltd. The bonds are listed on the Chongwa (Macao) Financial Asset Exchange Co., Ltd. The joint lead managers of the offering include China Credit International Securities, Haitong International, Pulun International, Shanghai Pudong Development Bank Hong Kong Branch, Shenwan Hongyuan (H.K.), Cathay Securities (HK), China Industrial Securities International, Shun Heng Securities, TF International, Tung Yat Securities Limited, Orient Securities Limited, Marlin Capital Limited, Innovax Securities Limited, Alpine Securities, Huatai International, Yuan Tong Global Securities, Emperor Securities, Sino Partner Capital Limited, Profit Access and Zhongtai International. Shandong Quanhui Industrial Development Co., Ltd. is a state-owned enterprise in the PRC with its business operations primarily conducted in Zhangqiu District of Jinan City, Shandong Province and the group's business consists of four major segments, namely, products sales, hotel and catering, property management, and surveying and design. Jinan Zhanqiu Holding Group Co., Ltd. is a state-owned enterprise in the PRC with its business operations primarily conducted in Zhangqiu District of Jinan City, Shandong Province and the group's business consists of five major segments, namely, infrastructure construction, hotel operation, commodities trading, tourism and investment business.
• Shandong Quanhui Industrial Development Co., Ltd.: Advising as issuer’s international counsel on Shandong Quanhui Industrial Development Co., Ltd.’s successful offering of CNY229,000,000 3.2% credit enhanced bonds due 2027 with the benefit of an irrevocable standby letter of credit issued by Bank of Nanjing. The bonds are listed on the Chongwa (Macao) Financial Asset Exchange Co., Ltd. The joint lead managers are China Credit International Securities, Haitong International, Pulun International, CMBC Capital, Shanghai Pudong Development Bank Hong Kong Branch, China CITIC Bank International, Huatai International and China Industrial Securities International. Shandong Quanhui Industrial Development Co., Ltd. is a state-owned enterprise in the PRC with its business operations primarily conducted in Zhangqiu District of Jinan City, Shandong Province and the group’s business consists of four major segments, namely, products sales, hotel and catering, property management, and surveying and design.
• Zhuhai Huafa Group Ltd.: Advising as underwriters international counsel on Zhuhai Huafa Group Ltd.'s offering of senior dim sum guaranteed perpetual capital securities. Zhuhai Huafa Group Ltd. is a large state-owned conglomerate in the PRC with its business operations primarily conducted in Zhuhai City, Guangdong Province and the Group's business primarily consists of six major segments, namely, urban operations, financial services, property development, industrial investment, sales and trading and modern services. Zhuhai Huafa Group Ltd. successfully issued CNH1.9 billion aggregate principal amount of 6.000% senior dim sum guaranteed perpetual capital securities in respect of which there is no fixed redemption date and is governed by Hong Kong law. The joint lead managers are Huatai International, Haitong International, HSBC, CITIC Securities Guotai Junan International, China Securities International, Mizuho, Huajin Securities (International), ABC International, Bank of China, China International Capital Corporation, China Industrial Securities International, CMB International, CMBC Capital, CNCB Capital, GF Securities, Hua Xia Bank Co., Limited Hong Kong Branch, ICBC International, Luso Bank Ltd., Orient Securities (Hong Kong), Shenwan Hongyuan (H.K.), SMBC Nikko, SPDB International, SunRiver International Securities Group Limited and TF International.
• China Overseas Land & Investment Ltd (SEHK: 00688): Advising China Overseas Land & Investment Limited (the "Guarantor") and China Overseas Finance (Cayman) VIII Limited (the "Issuer") on the successful listing of their U.S.$4,000,000,000 guaranteed medium term note programme (the "Programme") on the Stock Exchange of Hong Kong on 28 June 2024. Under the Programme, the Issuer (which was established by the Guarantor specifically for the Programme), subject to compliance with all relevant laws, may from time to time issue medium term notes (the "Notes") which will be unsecured and unsubordinated obligations of the Issuer and will be unconditionally and irrevocably guaranteed by the Guarantor. The proceeds of the Notes will be applied to finance new and existing projects and for general corporate purposes as stated in the applicable pricing supplement.
• CMB International: Represented client as the sole dealer advisor in connection with the exchange offer by Huijing Holdings Company Limited of at least a minimum acceptance amount of US$107.4 million of its outstanding US$138.0 million 12.50% senior notes due 2022 for 12.50% senior notes due 2023.
• Goldman Sachs and Haitong International Capital (SEHK: 2216): Advising the joint sponsor on the initial public offering of Broncus Holding Corporation on the Hong Kong Stock Exchange under Chapter 18A of the Listing Rules. The offering is aimed at raising net proceeds of approximately US$191 million. Broncus is a leading interventional pulmonology medical device player in China and globally and has developed an integrated interventional pulmonology platform encompassing navigation, diagnosis and treatment, which addresses the pain points of the existing diagnosis and treatment paradigms.