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Clifford Chance advises Shenwan Hongyuan Group on US$1.16 billion Hong Kong IPO

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26 April 2019

Clifford Chance advises Shenwan Hongyuan Group on US$1.16 billion Hong Kong IPO

Leading international law firm Clifford Chance advised Shenwan Hongyuan Group Co. Ltd. on its US$1.16 billion initial public offering and listing on the Hong Kong Stock Exchange, the largest Hong Kong IPO thus far this year. Shenwan Hongyuan is a leading investment holding group focused on securities businesses in China. It is the seventh largest securities firms by net assets at the end of 2018 and its revenue and net profits in 2018 ranked fifth and seventh, respectively, in China.

Hong Kong partners Tim Wang and Fang Liu led on the deal with support from consultants Tianning Xiang and Corey Zhang, senior associate Hao Wu, associates Emma Bao and Tao Yang, and trainees Linyang Wu, Yumeng Fan and Jiwen Peng.

This is the 10th PRC securities firms' Hong Kong IPO that Clifford Chance has worked on, following those of Guotai Junan Securities, CSC Financial, China Merchants Securities, China Everbright Securities, HTSC, GF Securities, Central China Securities, China Galaxy and Haitong Securities.

China Co-Managing partner Tim Wang said, "We are pleased to continue our streak advising China's major securities firms on their Hong Kong IPOs. Our team has built up unrivalled expertise and we are fully committed to serving our clients in this sector, whether on outbound investments or securities offerings."

Based in China and founded in the 1980s, Shenwan Hongyuan Group provides comprehensive financial services to clients, including enterprise finance, personal finance, institutional services and trading, as well as investment management.