Capital Market

JunHe was one of the first domestic law firms to be approved to advise on securities and capital markets and has placed this practice area at the core of the firm’s growth and development.  Throughout the years, JunHe has helped companies from diverse industries, countries and business stages to raise capital and achieve their corporate goals.  Our clients benefit from our extensive knowledge of the legal framework and the practical realities of raising capital in China and overseas.  

 

Our Team

 

The largest practice group at JunHe, our capital markets team includes more than 140 lawyers, with over 60 partners and legal counsel.  From advisors on the first IPOs in China to experts in commerce in the Internet era to specialists on overseas listing and the return of red chip stocks, we offer clients an unparalleled breadth and depth of expertise.  Our lawyers further the development of China’s capital markets by assisting with the formulation of the governing laws and regulations and by serving as members of the Issuance Examination Commission for the Main Board and Growth Enterprise Market (GEM).

 

Our capital markets team has maintained a very high rate of success since its inception. Numerous legal guides and publications, including Chambers Asia Pacific, Asia Pacific Legal 500, Asia Law & Practice and International Financial Law Review, have recognized our excellence in the practice of capital markets, consistently naming JunHe a “leading law firm” and a “most recommendable law firm”.

 

Core Areas of Practice

 

  • Pre-IPO reorganization and restructuring, including legal due diligence, deal structuring, documentation and negotiation, regulatory approval and filing, etc.

  • Share issuance, listing and equity financing, including share issuance and listing on the domestic A-share Main Board, SME Board, and GEM Board, and issuance and listing of overseas red chip stocks in Hong Kong, New York, Singapore, London and Taiwan, etc.

  • M&A and restructuring of listed companies, including material asset restructuring (e.g. back door listing and share issues for purchase of assets), private placement, etc.

  • Private equity investments, including legal due diligence, deal structuring, documentation and negotiation, closing and withdrawal, etc.

  • Issuance and listing of bonds and other securities, including overseas issuance of bonds by Chinese-invested enterprises (e.g. USD and EURO Bonds, Dim Sum Bonds), issuance of bonds in interbank bond markets (e.g. RMB bonds, corporate bonds (including urban construction investment bonds), financial bonds (e.g. financial debentures, subordinated bonds, hybrid securities), debt financing instruments of non-financial institutions (e.g. short-term financing notes and medium term notes)), issuance of bonds on stock exchanges (e.g. ordinary bonds and convertible bonds of listed companies, and private placement notes of small and medium enterprises), etc.

  • New three board (OTCBB) listing, including restructuring and transformation of limited liability companies, new three board listing, delisting of overseas listed companies for domestic listing on three board, and splitting of domestic assets by overseas listed companies for domestic listing on three board, etc.

  • General corporate affairs of listed companies, including advice on general corporate legal matters such as information disclosure, related party transactions, contract drafting, corporate governance, etc. 

 

One-Stop Services

 

JunHe’s capital markets team is a one-stop provider of a full range of legal services spanning the lifecycle of a company—from establishment (including advising on corporate structure and operations) to raising capital (including issuing and listing securities as well as asset financing) to expanding operations (including overseas mergers and acquisitions, asset reorganizations and rights issues).  JunHe is committed to serving as a long-term partner throughout the evolution of our clients’ business operations, from establishment to expansion to transformation.

 

Customized Services

 

Reflecting the diversity of our clients and the uniqueness of their capital markets transactions, JunHe designs bespoke transaction structures and funding solutions.  JunHe goes beyond addressing the commonalities in capital markets transactions to meet our clients’ specific commercial requirements in the most economical and practical manner.

 

Value-Added Services

 

The capital markets projects in which JunHe is instructed often involve complicated statutory procedures, such as government approvals and regulatory submissions.  In order to navigate the ever-changing regulatory landscape, we have established open channels of communication with the relevant governing bodies.  We also actively participate in the issuance and amendment of capital markets laws and regulations, by contributing our expertise to legal debates, research and drafting. Leveraging our communication channels and in-depth knowledge of legislative history, our capital markets team advises clients on the intent and aims of the relevant laws, regulations and regulators.