Commerce & Finance Law Offices lately held an opening rite to formally release its new Hong Kong workplace, aiming to enhance its offerings for Chinese clients investing overseas. Zhang Xiaoman, a companion at Commerce & Finance in Beijing, informed China Business Law Journal that the firm started out doing business in Hong Kong 26 years ago and changed into one of the first mainland regulation firms. “The cause for setting up a formal Hong Kong office now could be to adapt to the converting demand of clients,” he said.
“In the past, possibly there had been greater foreign buyers who have been in want of PRC attorneys’ offerings, while these days extra Chinese clients are heading distant places, seeking out extra global and globalized legal services. Setting up the Hong Kong office is also to reply to China’s plan for the Guangdong-Hong Kong-Macau Greater Bay Area.”
Commerce & Finance’s middle exercise areas consist of preliminary public offerings of securities on domestic and global inventory exchanges, bond issuances, mergers and acquisitions, private equity, corporate reorganizations, move-border investments, funds formation, real property, and financings, as well as dispute resolution.
Eric Chow, the coping with an accomplice of Commerce & Finance’s Hong Kong office, said it becomes interesting times for the company and the new office and that he had seen an increasing call for move-border legal services.
“Most of our customers from the mainland sincerely want to have the on-the-ground capability for the legal professionals to act as PRC legal professionals, further to Hong Kong lawyers as properly,” he stated.
“Commerce & Finance is famed for its capital market and corporate finance transactions at the mainland. That’s why we need to take the opportunity to extend our international network to Hong Kong as nicely. With the addition of the Hong Kong workplace, we will act because the companies’ and underwriters’ criminal suggest on PRC as well as Hong Kong regulation.”
Chow said that in the meantime, the brand new workplace could focus on M&A, capital markets – in particular, Hong Kong IPOs – and indexed groups’ compliance. “But with the increasing demand from clients, I’m certain we can extend to different exercise regions as nicely – for example, banking, litigation and additionally fund formation. That will be the next step,” he stated.
More than 450 visitors and industry leaders, which include representatives from the Liaison Office of the Central People’s Government in the HKSAR, InvestHK, and Hong Kong’s Department of Justice, attended the workplace beginning reception together with Commerce & Finance partners from Beijing, Shanghai, Shenzhen, and Hong Kong.