中升集团控股有限公司是领先的全国性汽车经销商集团之一，该公司已成功在香港联交所上市，通过发行IPO成功酬得3.7亿美元，成为中国第一家登陆资本市场的汽车经销商。

该公司聘用了金杜和富而德为其中国法和香港法法律顾问，康德明律师事务所为其提供开曼群岛的法律咨询服务。竞天公诚以及高纬绅为承销商法律顾问。高纬绅该项目的牵头合伙人Amy Lo表示，继中升之后，将有更多汽车经销商上市融资，已加速扩大规模和市场份额。

As China's middle class continues to grow, the demand for luxury cars will keep increasing. The shift in consumer trends has triggered many domestic companies in the robust auto sector to expand globally.

Zhongsheng, a leading national car dealer group focuses on luxury and mid-to-high end automobile, has recently completed its global offering in Hong Kong, raising US$370m. The auto dealer appointed King & Wood, Freshfields and Conyers Dill & Pearman as its PRC, Hong Kong and Cayman Island legal advisors respectively for the IPO.

King & Wood advised the issuer on all aspects of its restructuring and listing with respect to PRC law. It also provided responses on all PRC law-related questions to the Hong Kong regulators, resolving all legal issues for its client.

The Freshfields team was led by its Beijing managing partner Chris Wong and US partner Calvin Lai in Hong Kong. The same team was involved in the issuer's pre-IPO investment by General Atlantic.

Morgan Stanley, UBS and BOCI Asia were the joint bookrunners of the IPO. They were presented by Jingtian & Gongcheng and Clifford Chance.

"This is the first PRC owned and operated car distributor to be listed on the Hong Kong Stock Exchange and it will be closely followed by other peers in the field," said partner Amy Lo, who led the Clifford Chance team (one counsel and five associates).

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