ENG

  • Arthur XU

    Senior Counsel / Beijing

  • Tel +86-10-5087-2909

    Email arthurxu@zhonglun.com

  • Practices

    Hong Kong & Overseas Capital Markets, Investment/M&A & Corporate Governance, Private Equity & Investment Funds

  • Industries

    Energy & Power

CV

Arthur XU

Arthur's practice areas include compliance of listed companies, capital markets, mergers and acquisitions, private equity, venture capital transactions and other general corporate matters. Arthur has extensive experience in Hong Kong capital market, and his clients include large state-owned enterprises, leading private companies and top domestic and international investment banks. In addition to providing legal advice on Hong Kong capital market transactions frequently, prior to joining Zhong Lun Law Firm, he served as the annual retainer counsel as to the matters relating to the Hong Kong Listing Rules to several large state-owned enterprises for a long time.

Representative Matters

(1) Initial Public Offerings
(a) Acted as legal counsel for China International Capital Corporation and Macquarie Capital Limited as joint global coordinators on the HKD 0.478 billion (USD 613 million) IPO of CSR Corporation Limited, the largest manufacturer of the rail transit equipment in China, on the Hong Kong Stock Exchange and Rule144A/Regulation S global offering
(b) Represented Sinopec Oilfield Service Corporation on its backdoor listing in A+H market via Sinopec Yizheng Chemical Fibre, which was one of the most high-profile capital markets transaction in 2014
(c) Represented Chongqing Rural Commercial Bank on its USD 1.35 billion Hong Kong H shares initial public offering. Morgan Stanley and Nomura acted joint sponsors
(d) Represented BOCI and UBS as joint sponsors on the USD 620 million initial public offering of H shares of China National Materials, a leading global provider of cement equipment and engineering services
(e) Acted as legal counsel for Zhejiang Cangnan Instrument Group Company Limited on its initial public offering and listing on the Hong Kong Stock Exchange
(f) Represented CCB International Capital and BOCI Asia as joint sponsors on the HKD 451.5 million IPO of Bolina Holding on the Main Board of the Hong Kong Stock Exchange
(g) Represented CICC, Goldman Sachs, Morgan Stanley, Deutsche Bank, JP Morgan, Macquarie and ABCI Securities as joint sponsors, joint bookrunners and joint lead managers on the Hong Kong aspects of the USD 22.1 billion listing of A and H shares of Agricultural Bank of China Limited

(2) DCM experiences
(a) Represented CICC, Deutsche Bank and Merrill Lynch on Dongfeng Motor Group, a major Chinese manufacturer of buses, commercial vehicles and auto parts, for its USD 510 million Hong Kong initial public offering and its Rule144A/Regulation S global offering
(b) Represented Beijing Gas, the second largest single city gas supplier in the world, on its USD 5 billion Rule144A/Regulation S global offering of secured bonds and its listing on the Hong Kong Stock Exchange. CitiBank, Mizuho Bank, Peregrine Investments, Societe Generale, OCBC Wing Hang Bank, China Huarong Asset Management and Haitong International were the joint lead managers
(c) Represented Export-Import Bank of China on its issuance of CNY 2 billion bonds in 2012
(d) Represented Sinopec Corp. on a HKD 11.7 billion convertible bond offering, listed on the Stock Exchange of Hong Kong, which was the largest convertible bond program in Asia (excluding Japan) and the largest offering by a Chinese issuer at the time
(e) Represented CNOOC on the USD 2 billion global offering of the senior unsecured fixed rate notes, listed on the Stock Exchange of Hong Kong
(f) Represented State Grid Corporation of China on its USD 2 billion Rule 144A/Regulation S offering of senior guaranteed notes consisting of USD 500 million 1.750% Senior Guaranteed Notes due 2018, USD 1 billion 3.125% Senior Guaranteed Notes due 2023 and USD 500 million 4.375% Senior Guaranteed Notes due 2043
(g) Represented BNP Paribas, BOC International, ICBC International, UBS, Credit Suisse, HSBC, BofA Merrill Lynch and Nomura as joint underwriters in relation to the HKD 13 billion H-share rights issue by ICBC

(3) Annual retainer counsel of Hong Kong listed companies
(a) Participated in the Hong Kong annual retainer work for China Petroleum & Chemical Corporation (“Sinopec Corp.") since 2007, and led the annual retainer work from 2012 to 2020
(b) Leading the Hong Kong annual retainer work for Sinopec Oilfield Service Corporation (“SSC") since 2014
(c) Participated in the Hong Kong annual retainer work for China Agri-Industries Holdings Limited since 2011, and led the annual retainer work from 2013 to 2018
(d) Led the Hong Kong annual retainer work for China Cinda Asset Management Company Limited from 2017 to 2020
(e) Led the Hong Kong annual retainer work for China Merchants Bank Company Limited from 2017 to 2020
(f) Led the Hong Kong annual retainer work for China Everbright Bank from 2014 to 2016
(g) Led the Hong Kong annual retainer work for Huadian Fuxin Energy Corporation Limited from 2019 to 2020
(h) Leading the overseas annual retainer work for China Risun Group Limited since 2021
(i) Leading the Hong Kong annual retainer work for We Doctor Holdings Limited since 2021
(j) Leading the Hong Kong compliance counsel work for Huadian Power International Corporation Limited since 2021
(k) Leading the Hong Kong annual retainer work for China Pioneer Pharma Holdings Limited since 2021
(l) Leading the Hong Kong annual retainer work for Sinopec Shanghai Petrochemical Company Limited since 2022

(4) Transactions relating to Hong Kong listed companies
(a) Representing the above companies on the formulation and updating of all continuing connected transaction agreements and cap as the Hong Kong annual compliance counsel for them
(b) Represented China International Capital Corporation Hong Kong Securities Limited as financial adviser to a series of transactions in connection with the restructuring of the China Shipping Group and the COSCO Group, which constitute a very substantial acquisition and continuing connected transactions from the perspective of China Shipping Container Lines Company Limited. The total consideration for the acquisition of various assets by China Shipping Container Lines Company Limited was CNY 2.7 billion
(c) Represented Shenhua Group Limited on its USD 271 billion merger with China Guodian Corporation. The new enterprise after merger, China Energy Investment, is the fourth largest state-owned enterprise in the energy sector and the world's largest coal, heat power, wind power and coal chemical company. As part of the transaction, we also represented China Shenhua (a listed subsidiary of Shenhua Group Limited) on its establishment of a joint venture with Guangdong Electric Power Development Co., Ltd. (a listed subsidiary of China Guodian Corporation) under Hong Kong law
(d) Represented Huadian Power International Corporation Limited and China Huadian Corporation Limited on a series of transactions related to the restructuring of new energy assets
(e) Represented Sinopec Corp., Sinopec Tianranqi Company, Sinopec Marketing Company Limited and Sinomart KTS Development Limited on their sale of oil and gas pipeline network assets to China Oil & Gas Pipeline Network Corporation, with the value of the assets about CNY 122.655 billion, which was the most high-profile capital markets transaction in 2020
(f) Represented Sinopec Corp. on its proposed spin-off of Sinopec Marketing Company Limited for overseas listing (including filling of PN15 application form)
(g) Represented China Cinda Asset Management on its proposed spin-off of Cinda Securities Limited for domestic listing on the Hong Kong Stock Exchange

(5) International M&A and investment fund experiences
(a) Provided legal service to Banco Santander, S.A. and China Construction Bank on their framework agreement for collaboration on automobile finance and the holding company for micro and small loans
(b) Represented Beijing Infrastructure Investment on its equity transaction in a Cayman Islands incorporated offshore vehicle
(c) Represented Taizinai Group in relation to its loan and investment by Actis China Fund 2 LP and equity investments by Goldman Sachs and Morgan Stanley totaling USD 73 million
(d) Represented Beijing PMP Real Estate on its loan & equity investment by a British fund totalling USD 55 million
(e) Represented China Merchants Securities Investment Management (HK) Company Limited on its equity investment in a Cayman medical equipment company
(f) Represented China General Technology (Group) Holding Company Limited on its proposed acquisition of equity interest in a Hong Kong private company
(g) Represented Shanghai Zhouyi Enterprise Management Partnership (L.P.) on the Angel Round Investment in Shanghai Wangdoufu Network Technology Company Limited

  • Bar Admissions/Professional Qualifications

    PRC Bar
    Admitted to practice in the State of New York

  • Education

    LL.M., Cornell Law School, 2009 - 2010
    LL.M., Renmin University of China Law School (Civil and Commercial Law), 2004 - 2006
    LL.B., Peking University Law School, 2000 - 2004

  • Professional Experience

    Senior Counsel, Counsel, Zhong Lun Law Firm, 2020 to present
    Herbert Smith Freehills, 2006-2020

  • Languages

    Chinese
    English