2026.03.05
On March 4, 2026, China Business Law Journal (CBLJ) announced its 2025 Deals of the Year. JunHe was recognized for its outstanding professional capabilities and remarkable market performance, with a total of 32 cases making the list.
The selected cases span a wide range of core business areas, including equity capital markets, debt capital markets, M&A, PE/VC, liquidation, bankruptcy and restructuring and intellectual property. This recognition highlights JunHe's full-cycle legal service capabilities in complex commercial scenarios. Each deal reflects JunHe's deep understanding of our clients' commercial needs, our meticulous attention to professional details, and our exceptional coordination in highly difficult cross-border executions.
JunHe was recognized for the following deals:
Equity Capital Markets
BYD's HKD 43.5 billion H-share Placement
Lead partners: YU, Yongqiang (YY) and SHI, Yun
CIG Shanghai's HKD 4.6 billion HKEX IPO
Lead partners: LI, Qi (Adam), SHANG, Shiming (George) and HE, Tingcai (Lawrence HO) . Handling partner: SHANG, Shiming (George)
DualityBio's HKD 1.64 billion Hong Kong IPO
Lead: Dr. WANG, Zhaohui (Zoe). Handling: Dr. WANG, Zhaohui (Zoe), HUANG, Zunling (Jennifer) and Dr. HE, Zheng (Crystal)
Geek+'s HKD 2.7 billion HKEX IPO
Lead: SHI, Tiejun and Dr. WANG, Zhaohui (Zoe). Handling partners: LI, Ruochen, SHANG, Shiming (George) and SUN, Xiao. Data compliance partner: LIU, Yang
Grandblue's HKD 11 billion Privatisation of Canvest
Lead partner: YUAN, Yifeng (Vincent)
Huaneng Renewables' RMB 15 billion Private Placement.
Lead partners: ZHAO, Xiyong (Sammuel) and TANG, Jie. Handling partners: ZHAO, Xiyong (Sammuel), TANG, Jie and FU, Wenyao
Xiaomi's HKD 42.6 billion share Placement
Lead partners: LI, Zhi and LEI, Tianxiao
XtalPi's HKD 5.87 billion in 3 share Placements
Lead partners: LIN, Jiayu (Paul) and ZHANG, Zhijin (Jean). Handling partners: LIN, Jiayu (Paul) and LIANG, Ying
Debt Capital Markets
Alibaba's Issuance of USD 5 billion Dual-currency Notes
Lead: WU, Congsi
Baidu’s USD 2 billion Exchangeable Bonds
Lead partner: YU, Yongqiang (YY)
State Grid's Issuance of RMB 20 billion Dim Sum Bonds
Lead partner: SHI, Yun
M&A
Alibaba Sells Stake in Sun Art for HKD13.14 billion
Lead partner: CHEN, Jiang (Joe). Handling partners: Janet Hui, LU, Sipei (Ryo), LI, Shengjie (Selina) and CHANG, Yuhao
Boyu Capital’s Acquisition of Beijing SKP
Lead partner: ZHOU, Hui (Nelson). Handling partner: YANG, Jianwei
China Power Injects Hydropower Assets into SPIC Yuanda
Lead partners: QIN, Yu (Bill), ZHANG, Jianwei and MA, Rui. Handling counsel: MO, Junkai
Insurance Funds Buy Wanda-linked Assets
Financing lead and handling partners: ZHOU, Hui (Nelson), YANG, Jianwei and LI, Zi
Fund establishment lead and handling partners: ZHAO, Xiyong (Sammuel), WANG, Man (Shelley) and DIAO, Lina
Luxshare Precision Buys Wingtech
Lead partners: SHI, Tiejun and LIU Xin. Handling partners: SHI, Tiejun, LIU, Xin, SHEN, Jiang (Lily) and BU, Zhen
RBI Sells Burger King Stake for USD 350 million
Lead partners: XIE, Zheng and LU, Xiaonan. Antitrust lead partner: WEI, Yingling. Main handling partner: DONG, Zhe
TCL Technology Buys Stakes in Display Maker China Star
Lead partners: TANG, Jie and ZHANG, Huili
XCMG’s RMB 6.44 billion Mixed Ownership Reform
Lead partner: TANG, Jie. Main handling partner: FU, Wenyao
Yingde Gases Sale
Lead partners: CHEN, Jiang (Joe) and ZHOU, Hui (Nelson). Main handling partners: CHEN, Jiang (Joe), ZHOU, Hui (Nelson), YAO, Yunke, YUAN, Yifeng (Vincent) and LI, Zi
PE/VC
AECC CAE Secures RMB 5 billion Strategic Investment
Lead partners: WEI, Yingling, WANG, Man (Shelley) and CUI, Jiakun (Kevin)
China Life Asset Management S-invests in BSTIF.
Lead and handling partners: WANG, Man (Shelley), ZHENG, Yanli (Leanne), DENG, Liang (Teresa) and DIAO, Lina
Mubadala Invests RMB 4 billion in Loscam
Lead partners: JIANG, Wenjun (Kelvin) and WEI, Yingling. Handling partner: WEI, Yingling
xFusion Secures RMB 10 billion in Equity
Lead partners: ZHAO, Xiyong (Sammuel). Handling partner: CUI, Jiakun (Kevin)
General Corporate Matters
KN Group on-chain Tokenised Loan Assets
Lead partner: LIN, Jiayu (Paul). Handling partner QIAO, Zheyuan (Jacqueline) drafted the tokenization-related legal contracts, partner WANG, Weiwei provided legal support for fund establishment and partner ZHOU, Hui (Nelson) drafted the cash loan financing-related documents.
New World Development’s HKD 88bn Refinancing
Lead partner: ZHOU, Hui (Nelson). Handling partner: YUAN, Yifeng (Vincent)
Liquidation, Bankruptcy and Restructuring
Evergrande NEV Bankruptcy and Restructuring
JunHe served as the investor's legal counsel. Project lead partners: Catherine MIAO, WANG, Wei and Joe Wan. Handling partners: WANG, Wei and Catherine MIAO
La Chapelle’s Restructuring
Lead partner, main handling partner, and manager in charge: LI, Chenghao. Handling: ZHU, Chong. Consultants LIU, Xiaosen, WANG, Yi, LIU, Zhengdong, DONG, Ming, CHEN, Yuwei and counsel WU, Ling provided significant support for the project.
Shimao Debt Restructuring
Lead: LIU, Xingyu (Peter)
Sino-Ocean Group Offshore Debt Restructuring
Lead: LIU, Xingyu (Peter)
Intellectual Property
Ferrero Rocher wins Rare TM Recognition.
Golfzon China's Golf-sim Piracy Crackdown
Lead partners: JIN, Xinghui and LIU, Jiadi. Main handling partners/counsel: LIU, Jiadi, ZHANG, Xiangbin, WANG, Jiedong (Donnie) and HAN, Wenji
