Clifford Chance and Fangda Partners have advised the leasing arm of China Development Bank on its $800 million IPO in Hong Kong, with Davis Polk & Wardwell and DeHeng Law Offices representing the joint sponsors.

China Development Bank Financial Leasing is the largest leasing company in China by assets and is the first of the China Banking Regulatory Commission-regulated financial leasing companies to be listed in Hong Kong.

CITIC CLSA, Merrill Lynch and Deutsche Securities Asia were the joint sponsors. The Clifford Chance team on the transaction was led by partners Tim Wang and Fang Liu.