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Clifford Chance advises on CSC Financial's US$992 million Hong Kong IPO

9 December 2016

Clifford Chance advises on CSC Financial's US$992 million Hong Kong IPO

Leading international law firm Clifford Chance advised the underwriters including China Securities, UBS, and ABCI Capital Limited, on CSC Financial Co. Ltd.'s US$992 million IPO and listing on the Hong Kong Stock Exchange. CSC Financial is a leading large full-service investment bank in the PRC which ranked sixth in terms of operating revenue and net profit for the six months ended June 30, 2016.

The team was led by China Co-Managing partner Tim Wang and partners Jean Thio and Virginia Lee. They were supported by consultant Tianning Xiang; senior associates Corey Zhang and Hao Wu; associates Lawrence Zhang, Claire Cao, and James Zhang; paralegal supervisor Kevin Ng; and trainees Yuanyuan Cai and Luyi Jiao. 

Clifford Chance's Greater China Equity Capital Markets team is a market leader advising on the most significant

Hong Kong listings including Postal Savings Bank of China's $7.6 billion IPO, the largest globally thus far for 2016 and largest in Hong Kong since 2010.

In addition, this IPO is further evidence that Clifford Chance is the firm of choice for PRC securities firms' Hong Kong IPOs. The team has advised on most major IPOs in this sector, including for China Merchants Securities, China Everbright Securities, HTSC, GF Securities, Central China Securities, China Galaxy and Haitong Securities. 

Jean said, "Our team is very proud to be the go-to firm for Hong Kong IPOs. Our successful platform means we are able to advise on the most exciting deals in the market."

The team recently announced the arrival of a new partner, Frank Yuen, a highly regarded practitioner in public companies work including M&A and Equity Capital Markets, to further strengthen its capability. He is expected to start in early 2017.

Tim added, "We are always looking to strengthen our position to serve our expanding client base and are very glad to welcome Frank to the team."