CC, KWM lead on Dongguan Rural Commercial Bank’s $1.3bln IPO in Hong Kong

King & Wood Mallesons and Chinese law firm C&T Partners have advised Dongguan Rural Commercial Bank on its $1.3 billion IPO in Hong Kong, with Clifford Chance and Jia Yuan Law Offices representing the joint sponsors.

Established in 1952, Dongguan Rural Commercial Bank completed ownership restructuring in 2009, becoming one of the three trial rural commercial banks in Guangdong Province. According to China Banking Association, the bank is the fifth largest rural commercial bank in China in terms of total assets.

The joint sponsors are CMS, CMBI, ABC International, and ICBC.

The Clifford Chance team was led by partners Fang Liu and Xiang Tianning, supported by partner Virginia Lee. Meanwhile, the KWM team advising the issuer was led by partners Candy Chan and Kanne Leung. The Jia Yuan team's leading partners were Yan Yu, Wen Liangjuan, Yi Jiansheng, and Su Dunyuan.


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