Announcement

Tongshang Hong Kong is pleased to announce that Xiaoming Zhong has joined the firm as a partner in its Debt Capital Markets (DCM) practice. This strategic appointment marks a significant step forward in enhancing our service offerings across both local and international capital markets.

Prior to joining Tongshang Hong Kong, Xiaoming was with the Magic Circle firm Linklaters, with more than a decade of solid experience in the DCM sector.

He has a proven track record of advising on high-profile, landmark bond issuances, regulatory capital instruments and equity-linked bonds. Xiaoming has led several ‘first-of-its-kind’ transactions, including landmark digitally native bond issuances and cross-border FTZ bond projects, alongside a deep specialisation in liability management transactions, enabling clients to effectively steer through increasingly complicated financial landscapes.

Eric Chow, Managing Partner of Tongshang Hong Kong, welcomed Xiaoming to join the firm: "We are delighted to welcome Xiaoming to the firm. His exceptional technical expertise and deep-rooted insights into the market will significantly reinforce our DCM capabilities. Furthermore, his decade-long track record handling international transactions in Asian debt markets will instantly elevate our cross-border advisory capabilities.”

The addition of Xiaoming, alongside our recent partner hire Shan Jiang from Linklaters in May, reinforces the overall depth and bench strength of our DCM team. Together, these high-profile appointments reflect Tongshang Hong Kong’s unwavering commitment to investing in and expanding our comprehensive capital markets practice.

Tongshang Hong Kong is pleased to announce that Shan Jiang has joined the firm as a partner in its Debt Capital Markets (DCM) practice, further enhancing the firm’s capabilities in both domestic and international capital markets.

Shan joins from Magic Circle firm Linklaters, bringing more than 11 years of wealth experience advising leading international financial institutions and corporate issuers on high‑yield and complex debt capital markets transactions across Greater China and Asia.

Shan’s experience covers a wide range of matters, including sovereign issuances, high‑profile debt restructurings and liability management. He regularly advises on U.S. securities law matters across both debt and equity capital markets, supporting clients on cross‑border transactions. He has also represented both underwriters and issuers on offshore convertible bond offerings and advised sponsors on Hong Kong IPO projects.

Eric Chow, Managing Partner of Tongshang Hong Kong commented: “I am very delighted to welcome Shan to the firm. His recognised expertise in high‑yield matters together with his strong commercial approach, further enhance the continued growth of our DCM team. And I look forward to working closely with him as we continue to expand the practice.”

Shan has advised on some of the market’s most complex transactions across a broad range of industries. His exceptional expertise has been recognised by Chambers & Partners, which has named him an ‘Up and Coming’ practitioner in Capital Markets: High-Yield Products (International Firms) for five consecutive years. His arrival strengthens our Tongshang Hong Kong’s DCM team and further enhances the breadth of our fully integrated capital markets offering.

Tongshang Hong Kong is delighted that our firm has been recognised by In‑House Community Magazine (IHC) as one of the “Firms of the Year 2025” in Hong Kong for Capital Markets.

The annual list is compiled based on votes and testimonials from over 700 in‑house counsel, recognising top‑performing law firms across the Asia‑Pacific region through direct feedback from in‑house legal teams.

We would like to extend our sincere thanks to our clients for their support and nomination. The full results were published in the March 2026 issue of In‑House Community Magazine.

You may visit here for further details: https://www.inhousecommunity.com/article/ihc-magazine-march-2026-firms-of-the-year/

Tongshang Hong Kong is delighted that our firm has been recognised by China Business Law Journal (CBLJ) in its 2025 “Deals of the Year 2025” list.

The recognition underscores our expertise as legal counsel, having represented the Sole Sponsor and the Underwriters of CIG Shanghai Co. LTD. (Stock Code: 06166.HK) in its global offering and listing on the Main Board of the Stock Exchange of Hong Kong Limited, which successfully raised HK$4.6 billion. Guotai Junan Capital Limited acted as the sole sponsor for this listing.

This notable deal marks CIG Shanghai Co. LTD. the first CPO-focused company listed on HKEX, the first in its sector to achieve dual A+H listing. It also stands as the largest joint A-share and Hong Kong offering in the telecommunications equipment industry.

This matter was led by Hong Kong Partners Ning Liu and Angela Zhang, Senior Associates Angie Lau and Dai Mengyi, Associate Zhu Dandan, Legal Consultants Sherry Peng and Lexie Wang.

We would like to thank our clients, underwriters and legal advisors for their trust and collaboration, and remain committed to delivering pragmatic, high-quality capital markets advice that that empowers clients to scale and globalise.

For more information on this recognition and full result, please visit: https://law.asia/china/china-deals-of-the-year-2025