Yang Chu

A trusted adviser with a broad corporate practice, spanning ECM and DCM, public and private M&A, and corporate governance, particularly for HKEX-listed companies.
Yang has deep experience representing leading issuers and investment banks in capital market transactions, with a focus on IPOs, including headline-making first HKEX deals for pre-revenue biotech companies, dual-class share structures, SPAC listings and secondary listings. After the IPO, Yang is a trusted adviser to HKEX-listed companies on complex disclosure, compliance and corporate governance issues.
His experience in debt capital markets covers the spectrum, from high-yield and credit-enhanced bond offerings and private placements to multi-billion-dollar debt programmes for China’s leading corporates.
Yang also advises leading Chinese corporates and global PE funds on cross-border investments and acquisitions, including Hong Kong public takeovers. He is the co-author of the Hong Kong chapter of Getting the Deal Through: Private M&A.
A client quoted by Chambers says Yang is “highly capable and experienced as an individual, especially when dealing with complicated transactions.”
Experience highlights
IPOs & Direct Listings
- Baidu HK$23.9 billion IPO and secondary listing on the Hong Kong Stock Exchange
- NetEase HK$20.9 billion secondary listing and IPO on HKEX
- Tigermed HK$10.7 billion IPO and Hong Kong listing
- New Horizon Health HK$2.04 billion IPO
Equity: Post-IPO
- InnoCare Pharma HK$3.04 billion share placement
- Akeso HK$1.19 billion share placement
- Innovent Biologics HK$4.73 billion placement of shares
- Venus Medtech HK$1.4 billion placing of new H shares
Investment-Grade Debt
- Inner Mongolia Yili Industrial Group $500 million guaranteed bond offering
- Shandong Hi-Speed Group $2 billion MTN program and $800 million drawdown
- China Cinda Asset Management $2 billion MTN program and offering
- DFZQ $2.5 billion MTN programme and S$200 million drawdown
High-Yield Debt
- China South City Holdings $50 million high-yield notes reopening
- Dexin China Holdings $150 million high-yield notes reopening
- Ronshine China Holdings $150 million high-yield notes offering
- Fantasia Holdings Group $150 million high-yield notes offering
Mergers & Acquisitions
- Perfect Achiever Group HK$1.34 billion acquisition of Macau Legend Development
- Li & Fung proposed privatization by Golden Lincoln Holdings I
- Tencent Holdings HK$550 million subscription of China Youzan shares
- Advice to Warburg Pincus and Baring Asia on partial offer to acquire AAG Energy
Insights
News
Credentials
Recognition
Chambers Global and Greater China Region – Capital Markets: Equity (International Firms), China
Legal 500 Asia Pacific – Capital Markets (Equity), Hong Kong, Next Generation Partner
IFLR1000 – Capital Markets: Equity, China, Rising Star Partner
Asian Legal Business Hong Kong Law Awards – “Young Lawyer of the Year (Law Firm),” 2023
China Business Law Journal – “The A-List,” 2021
Education
Professional history
- Partner, 2019-present
- Counsel, 2017-2019
- Davis Polk since 2011
- Slaughter and May, 2007-2011
Qualifications and admissions
- England and Wales
- Hong Kong