Commerce & Finance Law Offices currently held an opening rite to formally release its new Hong Kong workplace, aiming to beautify its offerings for Chinese clients investing in remote places. Zhang Xiaoman, an associate at Commerce & Finance in Beijing, informed China Business Law Journal that the company started doing business in Hong Kong 26 years ago and turned into one of the first mainland law firms. “The motive for setting up a proper Hong Kong office now’s to conform to the changing demand of customers,” he said.
“In the past, possibly there had been more overseas buyers who had been in want of PRC legal professionals’ offerings, while these days greater Chinese customers are heading remote places, searching out extra international and globalized criminal services. Setting up the Hong Kong office is likewise to reply to China’s plan for the Guangdong-Hong Kong-Macau Greater Bay Area.”
Commerce & Finance’s center exercise regions encompass initial public offerings of securities on domestic and international stock exchanges, bond issuances, mergers and acquisitions, non-public equity, company reorganizations, move-border investments, funds formation, real estate, and financings as well as dispute resolution.
Eric Chow, the dealing with the associate of Commerce & Finance’s Hong Kong workplace, said it changed into new instances for the company and the brand new workplace and that he had seen an increasing call for go-border criminal offerings. “Most of our customers from the mainland truly want to have the on-the-floor capability for the attorneys to act as PRC lawyers, further to Hong Kong attorneys as properly,” he said.
“Commerce & Finance is famed for its first marketplace and company financial transactions on the mainland. That’s why we need to take the possibility to enlarge our international community to Hong Kong as well. With the addition of the Hong Kong office, we can act because the organizations’ and underwriters’ legal recommend on PRC in addition to Hong Kong law.”
Chow stated that in the meanwhile, the brand new office could attention to M&A, capital markets – specifically Hong Kong IPOs – and indexed organizations’ compliance. “But with the growing demand from customers, I’m sure we can enlarge to different exercise regions as well – as an example, banking, litigation and additionally fund formation. That will be the next step,” he stated.
More than 450 guests and enterprise leaders, such as representatives from the Liaison Office of the Central People’s Government in the HKSAR, InvestHK, and Hong Kong’s Department of Justice, attended the office starting reception along with Commerce & Finance companions from Beijing, Shanghai, Shenzhen, and Hong Kong.