AWARDS
Zhong Lun’s 36 Projects Make to the List of China Business Law Journal’s 2025 Deals of the Year
Zhong Lun’s 36 Projects Make to the List of China Business Law Journal’s 2025 Deals of the Year
On March 4, 2026, China Business Law Journal announced the “2025 Deals of the Year” list, with 36 transactions/cases handled by Zhong Lun making the cut. The honorees cover a wide range of categories, spanning equity capital markets, debt capital markets, ABS/REITs, mergers and acquisitions, PE/VC, general corporate matters, liquidation, bankruptcy and restructuring, intellectual property, international trade investigations, domestic dispute resolution, and cross-border dispute resolution. These accolades highlight the firm’s strength in providing clients with innovative solutions amid dynamic market changes.
Equity capital markets
Mixue HKD3.46bn HKEX IPO
CATL HKD35.7bn HKEX IPO
Chery Automobile HKD9.15bn HKEX IPO
Tianyouwei RMB 3.74bn SSE IPO
CNNP’s RMB14bn A-share placement
Debt capital markets
Ping An Life’s RMB15bn perpetual bonds
China Life issues RMB35bn capital bonds
ABS/REITs
Southern Runze Technology RMB4.5bn REIT
Heying WeiNeng Battery RMB1bn private ABS
M&A
Haier acquires Autohome stake from Ping An
Yingde Gases sale
HEC Technology’s RMB28bn WinTriX acquisition
XCMG's RMB6.44bn mixed-ownership reform
Sino Biopharm acquires LaNova Medicines
PE/VC
Positec raises USD250m in debut equity round
Changan Kaicheng’s RMB2bn series A financing
Zhejiang launches first regional S fund
CICC Capital launches RMB30bn expressway FOF
SJ Semiconductor lands USD700m placement
Sichuan Yongxiang secures RMB4.92bn investment
General corporate matter
PetroChina unit redomiciles to Hong Kong
Liquidation, bankruptcy and restructuring
Evergrande NEV bankruptcy, restructuring
Jinke Property restructuring
Shimao debt restructuring
Sincere YuanChuang, affiliates restructuring
Yuzhou US6.7bn offshore debt restructuring
Intellectual property
Solex v Yela Sports trade secret dispute
Kings Resource v Tinci trade secret dispute
Minwei licenses MWN105 to Sidera Bio
Elanco-Felicamed pet drug licensing deal
Motorola v Hytera Communications
Ne Zha 2 European distribution rights deal
International trade investigations
Chinese steel wins Malaysian probe
EU dumping probe on China seamless pipes
Domestic dispute resolution
Bank of Dalian, Chinalin CMBS default dispute
Cross-border dispute resolution
Xinchao Energy corporate control dispute
The annual “Deals of the Year” list by China Business Law Journal is based on a comprehensive assessment of various factors, including transaction size, industry influence, innovation in deal structure, judicial precedent-setting significance, and contribution to social value, to recognize the most representative transactions and cases of the past year.