China Business Law Journal 《商法》

09/09/2026

Memory products maker Longsys in landmark HKD7.08bn IPO https://law.asia/longsys-hkex-ipo/

Leading independent memory products maker Longsys Electronics has debuted on the HKEX on 8 September, raising around HKD7.08 billion (USD903 million).

The debut makes Longsys the first independent semiconductor memory company to achieve an A+H dual listing in both the Chinese mainland and Hong Kong, following its SZSE debut in 2022.

Latham & Watkins LLP, Zhong Lun Law Firm, Brazilian firm Pinheiro Neto Advogados, Hogan Lovells Cadwalader, Kirkland & Ellis and Jingtian & Gongcheng advised on the transaction.

Latham advised Longsys on Hong Kong and US law, led by Zhang Daying, Mandy Wong and Terris Tang, with support from Eric Yiu. Xu Hui handled compliance matters and James Barker advised on US regulatory issues.

Zhong Lun acted as PRC legal counsel, with Deng Lei and Liao Chunlan serving as signing lawyers and Chen Yuanjie participating. Chen Jihong and Chen Jian advised on data compliance matters.

Pinheiro Neto Advogados provided Brazilian legal counsel, while Hogan Lovells Cadwalader counselled on international sanctions law, US outbound investment rules and intellectual property litigation.

Kirkland acted as the underwriters’ Hong Kong and US legal counsel, with a team led by Lyu Mengyu, Brian Ho, Justin Zhou, Ashlee Wu and Ricky Chow.

Jingtian & Gongcheng advised on PRC law.

09/09/2026

In reorganisation, often the interests of original shareholdings are written down to zero, however, it may not always be the best way moving forward, or fair to begin with.

Wang Zhenxiang of Jingtian & Gongcheng details the fair adjustments to shareholder interests in reorganisations.

In reorganisation, often the interests of original shareholdings are written down to zero, however, it may not always be the best way moving forward, or fair to begin with

09/09/2026

非公众公司破产重整时，原出资人的份额往往被调整为零，但这是否一定是企业重振发展的最优解？更重要的是，这是否符合公平公正的原则？

作者：竞天公诚律师事务所合伙人王振翔

#商法 #中国 #破产法 #合规 #资本市场 #企业法务 #律师 #律所 #法律

非公众公司破产重整时，原出资人的份额往往被调整为零，但这是否一定是企业重振发展的最优解？更重要的是，这是否符合公平公正的原则？

08/09/2026

GF Law, DeHeng steer TEMB’s RMB1.88bn Shanghai debut https://law.asia/gf-law-deheng-temb-shanghai-ipo/

Automotive thermal-management components maker TEMB Intelligent Technology has raised around RMB1.88 billion (USD280 million) from its listing on the SSE’s main board on 7 September.

GF Law Firm and DeHeng Law Offices provided legal support for the transaction.

GF advised TEMB, with a team including Xu Pingwen, Yao Sijing and Shen Yinbing.

DeHeng was special legal counsel for the strategic placement, with Sun Yanli acting as the signing lawyer.

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08/09/2026

The HKEX has proposed changes to listing rules aiming to assist small and medium enterprises (SMEs) to debut, while lawyers say that although this is a “historic opportunity”, tougher compliance requirements are on the cards.

Isaac Chen of Haiwen & Partners, said the proposed chapter 18D and integration of the GEM into the main board would present relevant companies with “a historic opportunity to gain full access to the main board’s capital pool”.

Eric Chow of Commerce & Finance Law Offices’ Hong Kong branch, said chapter 18D would be “a genuine breakthrough for startups and growth companies with long commercialisation cycles that require substantial and sustained capital investment”.

The HKEX has proposed changes to listing rules aiming to assist small and medium enterprises (SMEs) to debut, while lawyers say that...

08/09/2026

近期，市场传闻港交所计划新增主板18D章上市规则，允许未达到盈利标准的中小企业上市，同时将现有的港股创业板（GEM）与主板合并。律师认为，中小企业迎来“历史性机遇”的同时，其面临的合规要求亦将同步提升。

海问律师事务陈敏说，18D章落地和GEM板并入主板，对于相关企业“是全面融入主板资金池的历史性机遇”。

通商律师事务所周俊轩说，18D章“对商业化周期长，需长期投入巨额资金的初创或成长型企业而言是真正的‘破冰’”。

#商法 #中国 #香港 #合规 #资本市场 #企业法务 #律师 #律所 #法律

近期，市场传闻港交所计划新增主板18D章上市规则，允许未达到盈利标准的中小企业上市，同时将现有的港股创业板（GEM）与主板合并。律师认为，中小企业迎来“历史性机遇”的同时，其面临的合规要求亦将同步提升。

08/09/2026

Sunwell recruits two senior partners from Hiways in Shanghai https://law.asia/sunwell-law-firm-wang-jin-zhang-tao-china/

Shanghai-based boutique firm Sunwell Law Firm has hired Wang Jin and Zhang Tao as senior partners, further strengthening its capabilities in the scientific research sector and in financial and labour law.

Both Wang and Zhang joined from Hiways Law Firm, where they were senior partners at the Shanghai office.

08/09/2026

Beijing-headquartered Guantao Law Firm has opened an office in Bishkek, Kyrgyzstan, its 41st globally and fourth in Central Asia, expanding its legal services network in the region.

Yang Tianbin, head and equity partner of Guantao’s Urumqi office, serves as managing partner of the Bishkek branch.

He told China Business Law Journal 《商法》: “Leveraging Urumqi’s position as a gateway to Central Asia, we focus on key sectors including minerals and energy, new energy and logistics hubs.

Guantao has also appointed Huang Le, a senior partner at its Urumqi office, to Bishkek.

Beijing-headquartered Guantao Law Firm has opened an office in Bishkek, Kyrgyzstan, its 41st globally and fourth in Central Asia, expanding its legal services network in the region

08/09/2026

总部位于北京的观韬律师事务所近日设立吉尔吉斯斯坦比什凯克（Bishkek）办公室，并投入运营，成为该所全球第41家分支机构及中亚地区第四家办公室，进一步完善该所在中亚的法律服务覆盖网络。

比什凯克办公室的管理合伙人由乌鲁木齐分所主任、权益合伙人杨天斌担任。他告诉《商法》：“依托乌鲁木齐的桥头堡优势，我们聚焦矿产能源、新能源及物流枢纽等核心赛道。”

观韬所亦将乌鲁木齐办公室高级合伙人黄乐派驻比什凯克。

#商法 #中国 #国际贸易 #建筑工程 #争议解决 #企业法务 #律师 #律所 #法律

总部位于北京的观韬律师事务所近日设立吉尔吉斯斯坦比什凯克（Bishkek）办公室，并投入运营，成为该所全球第41家分支机构及中亚地区第四家办公室，进一步完善该所在中亚的法律服务覆盖网络

08/09/2026

With surging global penalties and stricter cross-border enforcement, corporate compliance is now a critical shield for business survival and personal liability.

Wang Xuechen of Kangda Law Firm explains the new regulatory trends shaping compliance management.

With surging global penalties and stricter cross-border enforcement, corporate compliance is now a critical shield for business survival and personal liability