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Clifford Chance

Tiecheng Yang

Foreign Legal Consultant

Clifford Chance, Beijing
Practice area Banking & finance, Restructuring & insolvency

Tel +861065352265

Tiecheng Yang leads Clifford Chance's Financial Regulatory Group in China. He has over 20 years experience advising on matters relating to China's financial services sector, including RMB internationalization, banking, derivatives, structured products, funds (QFII, QDII and RMB funds), securitization, securities and insurance.

Tiecheng has made significant contribution over the years to the development of China's financial regulatory reforms, having assisted Chinese regulatory bodies like CBRC, PBOC, CIRC, CSRC and SAFE in drafting legislation and providing training sessions. His clients range from foreign multinationals and financial institutions to major domestic players.
 

Relevant experience

  • Advised over 10 fund management clients, including: Goldman Sachs Asset Management International, INVESCO, BNY Mellon Asset Management, PIMCO, UBS Asset Management, Blackrock and AMP Capital in the past year on QFII regime, as well as Standard Chartered Bank, PIMCO and Bank of America on the QDII regime
  • Advised international asset management companies, including Ashmore funds, IXIS, Surge Capital Fund and Deutsche Asset Management (Asia), on marketing and distribution of fund products to PRC investors
  • Advised BNP Paribas, Standard Chartered Bank, Toronto Dominion, IXIS, HVB and Lehman Brothers on PRC regulatory issues about financial and commodity derivatives 
  • Presented on international regulatory reform to China Securities Regulatory Commission, China Financial Futures Exchange and Dalian Commodity Exchange in relation to derivatives and to NAFMII and its banking members in relation to FATCA

Career & qualifications

  • Peking University, Law School (LLB) 1992
  • Legal Counsel and Credit Officer, International Finance division, Beijing International Trust and Investment Corporation 1992
  • Passed PRC Bar Exam 1994
  • New York University (LLM) 2001
  • Joined Clifford Chance 2001
  • Partner since 2009
  • Speaks English and Mandarin

Professional bodies

  • TieCheng is a member of the drafting committee of the Chinese Venture Capital Association on drafting PRC domestic PE disciplinary rules and a member of drafting committee of NAFMII on its master repo agreement.
  • TieCheng is the guest professor at Tsinghua Law School's LLM program.

Awards and citations

  • TieCheng is listed as a Leading Individual for Financial Services: Non-contentious Regulatory in China.
    Chambers Asia Pacific 2013
  • TieCheng is recognised for his PRC expertise, especially in structured products, funds and asset management. In the past year he played a key role in advising a number of fund management clients, including Goldman Sachs and UBS, on their QFII applications. 
    Chambers Asia Pacific 2013
  • TieCheng was quoted on Caijing on 13 September 2009, Reuters on 29 September 2009 and the Financial Times on 19 March 2013. The 21st Century Business Herald published an interview with him on 30 October 2013.

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