China Practice

Davis Polk’s respected and long-established practice in China is ideally suited to keep pace with the PRC’s new position as the world’s second-largest economic power. Active in China for nearly a century, we have offices in Hong Kong and Beijing. Through our China practice, which now consists of more than 90 lawyers in the region, including 11 partners and 11 counsel, the firm has been extensively involved in transactions throughout China, with a particular focus on the mainland. We are able to combine our presence and extensive experience in China with a leading global practice in complex, cross-border securities, M&A and strategic investment transactions.

Because of Davis Polk’s integrated, team-oriented approach, we are also able to apply a broad range of the firm's strengths to the matters of our Chinese clients. For example, we have world-class practices covering corporate governance, tax and executive compensation matters, all of which play a role in most of the China-related transactions on which we advise.

Davis Polk’s China practice is a leader among U.S. firms in developing a robust combined U.S., Hong Kong and English law platform, and in integrating the Asia-Pacific practice a top-tier group of litigation and enforcement lawyers. We now compete directly and quite successfully against full-service international law firms and other incumbent firms across the Asia-Pacific region in their most high-value practice areas. 


  • "China Practice of the Year" – 2016 IFLR Asia Awards

Capital Markets

  • Named "Deal of the Year" by China Business Law Journal 2014:
    • Greenland bond offering
    • CNOOC's SEC-registered guaranteed notes offering
    • Baidu's notes offering on the NASDAQ
    • U.S. IPO
    • China Everbright Hong Kong IPO
    • China Cinda Asset Management Hong Kong IPO
  • 1st tier in China and Hong Kong Capital Markets – IFLR1000 2012-2015
  • Band 1, China Capital Markets: Debt, Equity and High-Yield – Chambers Asia-Pacific 2010-2015
  • 1st tier in China Corporate M&A – Chambers Global 2015
  • "Firm of the Year" (Capital Markets) – Asian Counsel 2014
  • "Equity Deal of the Year" (China Cinda Asset Management IPO)2014 China Law & Practice Awards
  • "Debt & Equity-linked Deal of the Year" (Greenland Hong Kong US$700 million bond offering) – 2014 China Law & Practice Awards
  • "High-Yield Team of the Year" – 2013 IFLR Asia Awards 
  • 1st tier in China Capital Markets: Foreign Firms – IFLR1000 2011-2015


  • "Deal of the Year" ('s partnership with Tencent) – China Business Law Journal 2014
  • 1st among U.S. legal advisers in Chinese M&A in 2014 – Thomson Reuters

  • "TMT Deal of the Year" (Baidu’s acquisition of 91 Wireless) – 2014 China Law & Practice Awards
  • “M&A Deal of the Year” and “Deal of the Year” (Dalian Wanda’s acquisition of AMC) – 2013 Asian Legal Business China Award and 2012 Asian Counsel Deals of the Year Awards

Notable Matters

Capital Markets

  • China Cinda Asset Management. We advised the underwriters on the RMB2 billion Regulation S bond offering by Bitronic Limited, a wholly owned subsidiary of China Cinda Asset Management, whose ultimate partent is the PRC Ministry of Finance.
  • Tencent. We advised Tencent Holdings as English and U.S. law counsel on its Rule 144A/Regulation S offering of $1.1 billion senior notes.
  • CAR Inc. We advised CAR Inc. on its $500 million Rule 144A/Regulation S offering of senior notes.
  • Mongolian Mining Corporation. We advised Mongolian Mining Corporation on its $201 million global rights offering, which consisted of a public offering of H shares in Hong Kong and private placement of H shares to institutional investors outside Hong Kong, including within the United States.
  • Red Star Macalline. We advised Red Star Macalline Group on its $932 million Hong Kong IPO and global offering.
  • Legend Holdings. We advised the underwriters on the $1.96 billion Hong Kong IPO and global offering by Legend Holdings.
  • 3SBio Inc. We advised the underwriters on the $712 million Hong Kong IPO and global offering by 3SBio Inc.
  • We advised the underwriters on the $2.05 billion U.S. IPO and NASDAQ listing of Inc.


  • Tencent. We advised Tencent on its recent strategic investments in, Dianping, and LotSynergy.
  • GO Scale Capital. We advised GO Scale Capital-led consortium on its $3.3 billion acquisition of an 80.1% interest in Philips’ combined LED components and automotive lighting business.
  • Ontario Teachers’ Pension Plan (OTPP). We have advised an affiliate of OTPP on its investment in Sinopec Marketing, a wholly owned subsidiary of Hong Kong-listed China Petroleum Chemical Corporation.
  • Uber. We advised Uber on its strategic investment by, and cooperation agreement with, Baidu.
  • Perfect World. We have advised the financial adviser to the special committee of the board of directors of Perfect World Co., Ltd on its going-private transaction.
  • Warburg Pincus.  We have advised Warburg Pincus on its strategic partnership with Shanghai Baosteel Gases Limited to jointly explore and develop projects in the industrial gas field. Under the strategic partnership, Warburg Pincus and Baosteel Gases have reached agreement with Henan Jinkai Chemical Investment Holding Group to acquire its industrial gas assets for RMB3 billion.

Long one of the leading U.S. law practices in China, Davis Polk converted its Hong Kong office to a Hong Kong law practice in 2010, adding top-tier Hong Kong and English law capabilities. With the Hong Kong Stock Exchange emerging as the premier listing venue worldwide, this move has given our clients in China a one-stop source for highly sophisticated local and global transactional and corporate law advice. Our lawyers in Hong Kong are admitted in both New York and Hong Kong. We also have lawyers admitted in both Hong Kong and the United Kingdom.

In December 2012, Davis Polk launched its global Enforcement and Litigation practice in Hong Kong with the arrival of partners Martin Rogers and James Wadham, two of Asia’s leading litigators. This further exemplifies the firm’s strategic focus on delivering the best lawyers, providing the most critical advice, to the most sophisticated clients in the world’s major financial centers.

Read related articles: