Li He
  1. Partner

Mr. He, a partner of Davis Polk & Wardwell LLP, is well-recognized as a leading U.S. lawyer. He has extensive experience in capital markets, M&A and other general corporate matters.

In the past two decades, he has advised fast growing technology and healthcare companies such as Beike, Tencent Music, NetEase, Meituan and Tigermed, and has also led the execution of the most significant cross-border transactions by Chinese enterprises, including the restructurings and IPOs of Agricultural Bank of China (ABC) and Industrial & Commercial Bank of China (ICBC), each was the world’s largest-ever IPO at the time of listing. The IPOs handled by Mr. He has received over 40 “the Best IPO of the Year” awards by national and international organizations and media.

Mr. He has received numerous honors and accolades for "his deep insights, outstanding skills, and extensive experience", according to Asian Legal Business

  • The Asia Legal Awards – "IPO Lawyer of the Year", 2020
  • China Law & Practice Awards – "International Dealmaker of the Year", 2020, 2019, 2015
  • ALB China Law Awards – "Dealmaker of the Year - International", 2020

Work Highlights

U.S. IPOs
  • Boqii, KE Holdings, Genetron, Kingsoft Cloud, LIZHI, I-Mab, Molecular Data, ECMOHO, 36Kr, Youdao, 9F, Douyu, UP Fintech, Tencent Music Entertainment, MOGU, CNFinance,X Financial,Cango, Uxin, Puxin, iQIYI, Sunlands Online Education, iClick Interactive, Sogou, Sea Limited, RISE Education, Zai Lab, Yintech Investment, BeiGene, Xunlei, Zhaopin, JD.com, Cheetah Mobile, iKang Healthcare, Qunar, Taomee, 21 Vianet, Zuoan Fashion, Xueda Education, ChinaCache, China Lodging (Hanting), Shanda Games, Yingli Green Energy, WSP, AirMedia Group, Aventine Renewable Energy, Vimicro International and General Motors
Hong Kong IPOs
  • Ming Yuan Cloud, NetEase, Tigermed, Ocumension Therapeutics, Hepalink, Akeso, InnoCare Pharma, Venus Medtech, Haitong UniTrust International Leasing, CStone Pharmaceuticals, AsiaInfo Technologies, Tongcheng-Elong, Innovent Biologics, Meituan Dianping, BeiGene, Hope Education, 51 Credit Card, Liepin, Ping An Healthcare and Technology, Razer, CSC Financial, Postal Savings Bank of China, Yihai International, China Development Bank Financial Leasing, Orient Securities, CICC, Legend Holdings, Red Star Macalline, 3SBio, AAG Energy, Linekong Interactive, CAR, Qingdao Port International, China Everbright Bank, Kerry Logistics, China Cinda Asset Management, Nexteer Automotive, Forgame, China Galaxy Securities, PICC, China Nonferrous Mining, New China Life Insurance, Sunac China, Agricultural Bank of China, Longfor Properties, Metallurgical Corporation of China, SinoMedia, Stella International, ICBC, China Merchants Bank, China National Building Material, China Construction Bank and Air China
Other Capital Markets Transactions (Share and Debt OFFERINGS)
  • Tencent Music Entertainment Group's debut $800 million notes offering
  • China Reinsurance's debut $800 million notes offering
  • China Cinda Asset Management's placing of new H shares to COSCO SHIPPING Financial 
  • Wuxi Construction and Development Investment Company's $300 million guaranteed bond offering
  • Zhejiang Geely's $400 million credit enhanced green bond offering
  • CAR's $300 million notes offering and $500 million senior notes offering
  • China Three Gorges' $700 million and €700 million guaranteed notes offerings
  • ICBC's $10 billion medium-term notes program establishment and $2.25 billion notes takedown offering
  • China Cinda Asset Management's $1.5 billion guaranteed senior notes offering
  • China Oilfield Services' $758.9 million primary H shares placing
  • CNOOC's $4 Billion SEC-registered guaranteed notes offering
  • China Longyuan's  $375 million share placing
  • Sinopec Group Overseas Development's $3 billion and $500 million senior notes offerings
Private Equity and M&A
  • Megvii Technology on its pre-IPO financing
  • iKang Healthcare on its acquisition by Yunfeng Capital and Alibaba
  • Tongcheng on its combination with E-dragon
  • China Vanke on its participation in the $11.6 billion acquisition of Global Logistics Properties
  • iQIYI on its $1.6 billion convertible notes financing
  • IDG Capital on its acquisition of International Data Group
  • China Cinda Asset Management on its $8.7 billion acquisition of Nanyang Commercial Bank 
  • Huatai Securities on its acquisition of AssetMark
  • UCAR Technology on its acquisition of an interest in CAR
  • Postal Savings Bank of China on its $7 billion sale of shares to strategic investors
  • Meituan on its strategic cooperation with Dianping 
  • UCar on its issuance of preferred shares to Warburg Pincus and CAR
  • IDG Capital on its investment in SouFun
  • iQIYI on its issuance of $400 million Series F preferred shares to Baidu and Xiaomi
  • iKang Healthcare on its issuance of $100 million shares to GS and GIC
  • Mueller Water Products on its acquisition by Walter Industries
  • The portfolio companies of Trustbridge Partners on their restructuring
  • China Time Share Media on its issuance of convertible notes

Recognition

Mr. He is recognized as a leading lawyer in various industry publications:

  • The Asia Legal Awards – "IPO Lawyer of the Year", 2020
  • China Law & Practice Awards – "International Dealmaker of the Year", 2020, 2019, 2015
  • ALB China Law Awards – "Dealmaker of the Year - International", 2020
  • Finance Monthly Awards – "Deal Maker of the Year", 2020
  • Asian Legal Business – One of the "Client Choice Top 20 Lawyers" in China, 2014
  • Chambers – Capital Markets (Equity) International Firms: China, Leading Individual 
  • IFLR1000 – Private equity, M&A, Capital markets: Equity: Highly Regarded

Professional History

  • Davis Polk since 2003

Bar Admissions

  • State of New York
  • Hong Kong Law Society - Registered

Education

  • B.A., Literature, Peking University, 1995
  • M.A., Asian Studies, UC Berkeley, 1999
  • J.D., Yale Law School, 2003
    • Editor, Yale Journal of International Law

Languages

  • English
  • Mandarin