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Securities and Capital Market

Hengtai is one of the first firms qualified for securities business with the approvals from the Department of Justice and the China Securities Regulatory Commission. It is designated by Shanghai Securities Industry Association as a "law firm providing legal service to members". Since 1998, Hengtai has been providing general legal services for the Shanghai Stock Exchange (SSE), and dispatching lawyers to the SSE on an on-going basis. Since 2007, Hengtai has been providing general legal services for the China Financial Futures Exchange. In 2020, Hengtai joined the Yangtze River Delta Capital Market Service Base Alliance, an institution jointly established by the SSE and the Pudong New Area Government.


Our securities and capital market team consists of some of the first group of lawyers who have been granted the qualification for securities law practice in China. We have helped Zhongfu Industry (SSE Code: 600595), Wantong Technology (SZSE Code: 002331), Rainbow (SSE Code: 002483) and Peijia Medical (HKEX Code: 9996) for IPO projects. We have helped (formerly known as) Jinan Qingqi (SZSE Code: 600698) and Zhongxi Pharmaceutical (SSE Code: 600842) resume their listing status, and helped Yinyi Co., Ltd., to have its stocks listed through acquisition of LanGuang Technology (SZSE Code: 000981). We have helped many listed companies on their financing, M&A, restructuring and bond issuance projects.


With extensive experience in the securities and capital market, Hengtai can provide clients with full-range, whole-process legal services.

Our services include

Pre-IPO restructuring (red-chip and VIE structure building, spin-off or restructuring) and counseling

Domestic and overseas IPO

Refinancing of listed companies (including public and non-public offering of stocks, convertible bonds, convertible notes, bond deposit receipts, etc.)

M&A and restructuring of listed companies (including agreement and/or tender offer, issuance of shares or cash purchase of domestic and foreign assets, back-door listing, asset replacement, merger, division, privatization, listing resumption and re-listing, etc.)

Split and repurchase of shares of listed companies

Domestic and cross-border investment of listed companies

Management incentive plan and employee stock ownership plan of listed companies

Governance structure, compliance and information disclosure of listed companies

Major shareholder stock pledge financing, transfer by agreement, issuance of exchangeable bonds 

Listing, public transfer and private placement of shares of unlisted public companies on the NEEQ exchange; M&A, Restructuring and change to other stock exchange market

Issuance of bonds, financial bonds, medium-term notes, short-term financing bills etc., in the interbank market 

Issuance of corporate bonds, public or private offering of corporate bonds