• practice
• lawyers
• careers
• diversity
• Pro Bono
• news
• offices

• Introduction
• Corporate
• Litigation
• Tax
• Trusts and Estates
• International
  • Asia Practice
  • » China Practice
  • Europe Practice
  • Spain and Latin America Practice
• Pro Bono

Davis Polk has one of the leading practices advising Chinese issuers and their financial advisers across the full range of global IPOs and secondary offerings of equity, as well as convertible and debt offerings. We have worked on a number of the largest and most innovative global securities offerings by Chinese issuers, and our lawyers have extensive knowledge of the listing requirements of the exchanges in Hong Kong, London and the United States, as well as many others around the world.

Davis Polk assisted in the creation of Rule 144A, which facilitates private placements of foreign securities in the United States. We have worked on the successful Rule 144A placements of equity in the United States by numerous Chinese issuers. In addition, the firm has been involved in several of the largest equity offerings of Chinese government-owned entities, as well as several groundbreaking debt offerings by the Chinese government or government-owned entities.

• $21.9 billion global offering of H shares by Industrial and Commercial Bank of China Limited (ICBC), the largest commercial bank in China, consisting of an initial public offering of H shares on the Hong Kong Stock Exchange and an international offering pursuant to Rule 144A/Regulation S – the largest IPO ever
• $9.2 billion Rule 144A/Regulation S initial public offering of H shares by China Construction Bank, a leading commercial bank in China. This is the largest-ever IPO by a Chinese issuer.
• $5.6 billion initial public offering of common stock and ADSs by China Unicom, a Chinese telecommunications services provider
• $3.6 billion initial public offering of common stock and ADSs by Sinopec, a Chinese oil refiner and petrochemical company
• $2.66 billion Rule 144A/Regulation S initial public offering and Hong Kong Stock Exchange listing of China Merchants Bank (CMB), the sixth-largest bank in China
• $1 billion offering of bonds and $500 million offering of notes by the People's Republic of China
• $1.4 billion offering of H shares of Sinopec, a Chinese oil refiner and petrochemical company, by ExxonMobil Far East Holdings, a subsidiary of ExxonMobil
• $1.2 billion initial public offering of H shares by Air China , the national flag carrier of China
• $124 million initial public offering of ADSs by Baidu.com, the largest Chinese language Internet search provider