Huatai Securities’ London GDR Listing


Clifford Chance acted legal counsel to Huatai Securities on its offering and listing of global depositary receipts (GDRs) representing its Shanghai-listed A shares on the London Stock Exchange.

Huatai Securities has existing equity listings in Shanghai and Hong Kong, and is the first Chinese company to sell GDRs representing its shares in London.

Huatai Securities Co., Ltd. operates securities businesses. The Company provides securities brokerage, securities underwriting, asset management, investment banking, and online exchange services.

The Clifford Chance team was led by partners Amy Lo (Picture) in Hong Kong, Jean Thio in Shanghai and Iain Hunter in London, along with specialist advice from China-Co-Managing Partner Tim Wang in Shanghai and Co-Head of China Desk Maggie Zhao in London. The partners were supported by counsel Corey Zhang, associates Emma Bao and Tao Yangin Hong Kong, and senior associate James Spencerand associate James Koessler in London.

Involved fees earner: Emma Bao – Clifford Chance; Iain Hunter – Clifford Chance; James Koessler – Clifford Chance; Amy Lo – Clifford Chance; James Spencer – Clifford Chance; Jean Thio – Clifford Chance; Tim Wang – Clifford Chance; Tao Yang – Clifford Chance; Corey Zhang – Clifford Chance;

Law Firms: Clifford Chance;

Clients: Huatai Securities;