CHINA: Rein in the Robots
BY Hu Yangxiaoxiao 胡阳潇潇 |When it comes to generative artificial intelligence (Gen AI), China is leading the world in both regulation formulation and judicial practice.
PRIVATE EQUITY: PE’s Bright Spot
BY Sarah Wong |With China sputtering out of global investors’ sights, buyout firms sitting atop a record amount of unused capital increasingly turned to Southeast Asia.
BRIEFS: China’s Ageing Population Set To Increase Opportunities for Legal Work
BY Sarah Wong |China is grappling with an escalating demographic crisis. In 2023, the senior population has ballooned by 30 million in the world’s second-largest economy, taking the total size of the elderly class to 300 million – almost a fifth of the country’s population.
Haiwen, CC advise on China TCM's $2 bln take-private deal
BY Hu Yangxiaoxiao 胡阳潇潇 |Sinopharm Group, an investment consortium led by Sinopharm Group, and China Traditional Chinese Medicine Holdings (China TCM) recently announced a take-private deal for the Hong Kong-listed China TCM through a scheme of arrangement.
CC, Davis Polk act on ChaPanda’s $330 mln Hong Kong IPO
BY Charlie Wu 吴卓言 |Davis Polk & Wardwell and Jingtian & Gongcheng have advised Sichuan Baicha Baidao, a Chinese low-priced tea chain also known as ChaPanda, on its $330 million IPO on the Hong Kong Stock Exchange, with Clifford Chance and King & Wood Mallesons acting for the sponsor CICC and underwriters.
PRC’s Guantao, Hong Kong law firm Gallant in association
BY Charlie Wu 吴卓言 |The Hong Kong office of PRC law firm Guantao has entered into an association with local firm Gallant with the aim to better service clients when it comes to cross-border legal work, specially in relation to the Greater Bay Area.
East & Concord HK firm makes M&A hire from Akin Beijing
BY Charlie Wu 吴卓言 |Yang & Yang Solicitors, PRC law firm East & Concord Partners’ Hong Kong association firm, has added M&A expert Dennis Yeung as a partner from the Beijing office of Akin Gump Strauss Hauer & Feld, which closed recently.
US law firm Weil exits Beijing, 'in discussions' for Shanghai closure
BY Reuters |Weil, Gotshal & Manges has become the latest U.S. law firm to retreat from the Chinese market, saying Wednesday it is moving towards ending its presence on the mainland.
PRC’s East IP, HK’s SIPS merge, add Zhong Lun IP team
BY Hu Yangxiaoxiao 胡阳潇潇 |PRC IP firm Beijing East IP has merged with the Hong Kong-headquartered SIPS, and also welcomed aboard a team of 36 IP professionals from Zhong Lun Law Firm.
CHINA: From Risk to Opportunity
BY Hu Yangxiaoxiao 胡阳潇潇 |In the face of expanding regulatory landscapes and mounting pressures, legal and compliance professionals are aiming for a “business-oriented mindset, emphasizing not just adherence to regulations but alignment with unique business situations.
SUSTAINABLE FINANCE: A Sustainable Future
BY Nimitt Dixit |Strong government intervention and a willing market is turning Hong Kong into a global sustainable finance hub, but it is far from reaching its full potential.
Orrick closes in Shanghai, Taipei as Greater China retreat continues
BY Hu Yangxiaoxiao 胡阳潇潇 |U.S. law firm Orrick Herrington & Sutcliffe will consolidate its China offering into its Beijing office after deciding not to renew its lease in Shanghai, a spokesperson has confirmed. It has also terminated its lease and operations in Taipei.