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Securities and capital markets

Practice areas

As one of the first licensed PRC firms to practice in the securities and capital markets sector, Da...

As one of the first licensed PRC firms to practice in the securities and capital markets sector, Dacheng has been actively involved in advising clients on various capital instruments such as stocks and bonds, among others. In recent years, we have seen a surge in serving PRC enterprises in stock and bond issues on both domestic and foreign capital markets. Dacheng was ranked 9th on Zero2IPO’s “Top 10 VC/PE-backed Overseas IPO Lead Legal Advisors of the Year 2012” list and 6th on its “Top 10 VC/PE-backed Domestic IPO Lead Legal Advisors of the Year 2012” list.

Apart from traditional stock markets, Dacheng is also a prominent service provider in the bond market. A number of attorneys are sitting on the committee of experts of National Association of Financial Market Institutional Investors, advising enterprises on all kinds of bond issues for raising capital. Besides, Dacheng has also collaborated with China Securities Regulatory Commission ("CSRC”), China’s securities regulator, on a series of innovative projects in asset securitization, and is spearheading the use of innovative financial instruments such as bonds in banks’ capital restructuring drives, a mechanism advocated by China Banking Regulatory Commission (“CBRC”).

Key services in this area include:

Equity capital market:

l  Domestic and overseas IPO

l  Listed company refinancing

l  Domestic and overseas back-door listing

l  M&A, spin-off, major assets restructuring, delisting of listed companies and relisting

l  Corporate governance of listed companies

l  Management incentives and employee stock option planning

l  Compliance of listed companies

Bond market:

l  Corporate bonds

l  Enterprise bonds

l  Bank debentures

l  Short-term financing bonds

Securitization

l  securitization planning

l  Drafting and review of securitization-related documents

l  Providing legal opinions on securitization projects

l  Filing with and seeking approval from securitization regulatory authorities