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

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25 June 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.

高伟绅为申万宏源集团11.6亿美元的香港首次公开发行提供法律服务

国际领先律师事务所高伟绅为申万宏源集团股份有限公司(“申万宏源集团”)在港交所的11.6亿美元首次公开发行和上市提供法律服务。本交易是本年度迄今为止香港最大的首次公开发行。申万宏源集团是一家以证券业务为核心的投资控股集团,其旗下主要子公司申万宏源证券于2018年年底的净资产在中国所有证券公司中排名第七,其2018年营业收入和净利润分别排名第五和第七。

本次交易由中国区联席管理合伙人王彦峰律师和合伙人方刘律师领导,由资深顾问律师向天宁和张可畏,资深律师吴皓,律师包宸和杨弢,见习律师吴林洋、范雨萌和彭霁雯提供支持。

本项目是高伟绅团队参与的第十家中国证券公司的香港上市项目。此前,高伟绅还为国泰君安证券、中信建投证券、招商证券、光大证券、华泰证券、广发证券、中州证券、银河证券和海通证券等中国证券公司的香港上市项目提供法律服务。

高伟绅中国区联席合伙人王彦峰律师表示:“我们非常高兴能够继续为中国大型金融服务公司的香港上市提供法律服务。凭借高伟绅业界领军的专业能力,我们将继续致力于为该行业客户的境外投资和证券发行交易提供法律支持。”

申万宏源集团成立于上世纪八十年代,为客户提供企业融资、个人融资、机构服务和交易以及投资管理等综合金融服务。