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Leonard Lou
Counsel / Beijing
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Tel +86-10-5957-2080
Email leonardlou@zhonglun.com
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Practices

Hong Kong & Overseas Capital Markets, Debt Restructuring & Non-performing Assets
Leonard Lou
Leonard Lou's practice focuses on cross-border capital markets and restructuring transactions, including debt offerings, debt restructurings, Hong Kong and U.S. initial public offerings, private equity investment, and M&A transactions.
Representative Matters
Advised Kaisa Group Holdings Ltd. on the approximately USD 12.3 billion offshore debt restructuring through the dual parallel schemes of arrangement at two different entities in their relevant jurisdictions, which is the largest offshore debt restructurings of a Chinese real estate company that has been sanctioned to date and was named "Restructuring and Insolvency Matter of the Year" at Law.com International's Asia Legal Awards 2025 and "Deal of the Year" by China Business Law Journal in 2024
Advised Shimao Group Holdings Limited on the restructuring of its offshore debt in the aggregate principal amount of approximately USD 11.5 billion, where the scheme of arrangements was sanctioned by the High Court of Hong Kong on March 13, 2025, and the restructuring was conducted in parallel with bilateral restructurings of certain other offshore debts outside of the scope of the scheme in the aggregate principal amount of approximately USD 2 billion, with the deal being one of the largest real estate restructuring transactions and named "Deal of the Year" by China Business Law Journal in 2024
Represented Sino-Ocean Group Holding Limited on the successful restructuring of its approximately USD 6 billion offshore debt, with this landmark project being the first restructuring of a Chinese real estate group to be implemented under an English Restructuring Plan, and the restructuring being implemented using a Part 26A RP in the United Kingdom and an interconditional and partially overlapping scheme of arrangement in Hong Kong
Represented the underwriters in connection with China Ruyi Holding Limited's offering of HKD 2.341 billion (approximately USD 300 million) 3.95% convertible bonds due 2030, where the bonds may be converted into Conversion Shares pursuant to Regulation S
Represented the initial purchasers in connection with the offering of USD 400 million 6.875% senior notes due 2020 and USD 600 million 7.950% senior notes due 2022 by Sunac China Holdings Limited
Represented the initial purchasers in connection with the offering of EUR 650 million 1.3% guaranteed notes due 2024 by China Three Gorges Corporation
Represented the dealers and initial purchasers in connection with Kaisa Group Holdings Ltd.'s exchange offer and concurrent new money issuance
Represented the initial purchasers in connection with the offering of USD 300 million 8.125% senior notes due 2019 by Xinyuan Real Estate Limited
Represented the initial purchasers in connection with the offering of USD 300 million 7% senior notes by HT Global IT Solutions Holdings Limited
Represented the initial purchasers in connection with the USD 600 million convertible bond issuance by Qihoo 360 Technology Co. Ltd.
Represented Fosun International Limited, the largest privately owned conglomerate in China, in connection with its HKD 3.875 billion guaranteed convertible bond issuance
Represented the sole sponsor and underwriters in connection with its USD 153 million dual primary listing on the Main Board of the Hong Kong Stock Exchange and Kazakhstan's Astana International Exchange (AIX) of Jiaxin International resources Investment Limited (3858.HK) (Jiaxin International is a tungsten mining company focusing on the development of the Boguty tungsten mine based in Kazakhstan. This marks the world's first dual primary listing on both the HKEX and AIX, setting another milestone in the Hong Kong IPO market.)
Represented the underwriters in connection with the initial public offering and listing on the Main Board of The Stock Exchange of Hong Kong of Shenwan Hongyuan Group Co., Ltd., a leading securities firm in China
Represented Huishang Bank Corporation, the largest city commercial bank in central China, in connection with its initial public offering and listing on the Main Board of The Stock Exchange of Hong Kong
Represented New Century Real Estate Investment Trust, the first China-based hotel REIT, in connection with its initial public offering and listing on the Main Board of The Stock Exchange of Hong Kong
Represented Kinetic Mines and Energy Limited, a thermal coal mine developer in China, in connection with its initial public offering and listing on the Main Board of The Stock Exchange of Hong Kong
Represented CITIC Securities Company Limited, a leading securities firm in China, in connection with its initial public offering and listing on the Main Board of The Stock Represented Exchange of Hong Kong
Represented the underwriters in connection with the initial public offering and listing on the NASDAQ Global Market of DouYu International Holdings Limited, a leading live game-streaming platform in China
Represented the underwriters in connection with the initial public offering and listing on the NASDAQ Global Select Market of Ruhnn Holding Limited, the largest internet key opinion leader facilitator in China
Represented the underwriters in connection with the initial public offering and listing on the NASDAQ Global Market of LexinFintech Holdings Ltd., a leading online consumer financing platform in China
Represented Tudou Holdings Limited, a leading online video company in China, in connection with its initial public offering and listing on the NASDAQ Global Market
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Bar Admissions/Professional Qualifications
Passed PRC Bar Exam (non-practicing), 2010
New York State Bar, 2016 -
Education
LL.M., Cornell Law School, 2015
LL.B., Fudan University, 2008 -
Professional Experience
Counsel, Zhong Lun, 2025 to present
Counsel, Sidley Austin, 2020-2025
Associate, Latham & Watkins, 2018-2019
Associate, Shearman & Sterling, 2015-2018
Attorney, Latham & Watkins, 2011-2014 -
Languages
Chinese
English