Davis Polk & Wardwell and Haiwen & Partners are advising Postal Savings Bank of China (PSBC) on its $8 billion initial public offering on the Hong Kong Stock Exchange, with Clifford Chance and King & Wood Mallesons advising the underwriters.

The transaction is the largest share offering globally this year and is also the largest Hong Kong IPO since 2010.

The underwriters on the transaction include China International Capital Corporation, Morgan Stanley, Bank of America Merrill Lynch, Goldman Sachs and JP Morgan. The Clifford Chance team advising them includes partners Tim Wang, Amy Lo, Fang Liu and Jean Thio.