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Ruixuan LI

Mr. Ruixuan Li has represented dozens of securities firms, listed companies, and accounting firms in response to securities misrepresentation lawsuits, assisting numerous sponsors/underwriters, securities service providers, and listed companies in achieving highly favorable outcomes, including "zero compensation" and significantly reduced liability. His impressive track record encompasses the first Chinese securities settlement, a securities misrepresentation case involving a Big Four accounting firm, and the first NEEQ securities misrepresentation case adjudicated by the Beijing Financial Court. Many of these influential and pioneering cases have garnered prestigious accolades, recognized among "2024 People's Court Top Ten Cases" and "Top Ten Financial and Commercial Cases by Shanghai Courts" and receiving authoritative awards from esteemed market evaluation institutions such as China Business Law Journal.

Mr. Li's legal expertise extends to delivering services for securities regulatory compliance investigations, administrative hearings, reviews, and responses to securities crimes to many securities firms, listed companies, their actual controllers, and directors/supervisors. His experience includes landmark compliance cases with significant impact, including the first case of securities administrative law enforcement undertakings in China, the first compliance investigation into fraudulent issuance of convertible bonds, a compliance investigation into the audit practices of a Big Four accounting firm, and the disciplinary hearing for the former senior management team of Leshi Internet Information & Technology Corp. These efforts have achieved remarkable results across the mandates.

With extensive background in capital markets dispute resolution, Mr. Li has represented many trust companies, asset managers, and fund managers in disputes concerning capital contributors and asset holders. He has also represented numerous listed companies and state-owned enterprises in disputes related to corporate control battles, performance-based disputes, contribution disputes, contract disputes, and other civil and commercial cases. Mr. Li has prevailed in many lawsuits, including securing successful verdicts in retrials at the Supreme People's Court and winning cases before various high people's courts across the country, earning him widespread praise and trust from clients.

Representative Matters

Securities Litigation

  • Represented a securities firm in a securities false statement special representative lawsuit arising from fraudulent issuance in connection with the IPO sponsorship of Essence Information Technology Co., Ltd., securing China's first special representative lawsuit settlement and gaining recognition as one of the "Top Ten Cases of the People's Court in 2024", "Top Ten Guiding Cases of Investor Protection by the China Securities Regulatory Commission (CSRC) in 2023", "Top Ten Financial and Commercial Cases by Shanghai Courts", and "Top Ten Guiding Cases by Shanghai Financial Court in 2023", as well as China Business Law Journal's "Outstanding Transaction of 2024"

  • Represented a securities firm in a recourse liability dispute arising from fraudulent issuance and early compensation related to the IPO sponsorship of Amethystum Storage Securities

  • Represented a listed company in a securities special representative lawsuit adjudicated by Shenzhen Intermediate People's Court

  • Represented a securities firm in a false statement liability dispute arising from financial fraud in connection with the IPO sponsorship of Jilin Liyuan Precision Manufacturing Co., Ltd., which is China's first case clarifying the continuous supervisory duties and immunity for non-public offering sponsors

  • Represented a securities firm that acted as financial advisor of the original right holder in a false statement liability dispute arising from fraudulent issuance of asset-backed securities, which is China's first case of fraudulent issuance of asset-backed securities

  • Represented a securities firm in a false statement liability dispute arising from financial fraud by Zhisheng Lianfa Information Technology Co., Ltd. as a leading broker on NEEQ, which is the first case of false statement by a listed company and lead broker tried by the Beijing Financial Court

  • Represented a securities company in a securities misrepresentation dispute involving a bond underwriter

  • Represented a securities firm in a false statement liability dispute arising from regulatory violations by Junling Energy as a leading broker on NEEQ

  • Represented a Big Four accounting firm in a false statement liability dispute arising from false statements associated with Fuguiniao bond, recognized as China Business Law Journal's "Outstanding Transaction of 2022"

  • Represented a Big Four accounting firm in an audit infringement liability dispute

  • Represented a credit rating agency in a liability dispute over bond misrepresentation related to the Zhongsen bond, which was the first-ever lawsuit in China arising from the default of a private placement bond issued by a small- or medium-sized enterprise

  • Represented a credit rating agency in a liability dispute concerning bond misrepresentation related to the Huaye Bond

  • Represented listed company Zhejiang Sunriver Culture Tourism Co., Ltd. in a securities misrepresentation lawsuit, which was selected as one of the "Top Ten Commercial Cases of the People's Court in 2019"

  • Represented listed company Cloud Live Technology Group Co., Ltd. in a securities misrepresentation lawsuit

  • Represented listed company Qibu Corporation Limited in a securities misrepresentation lawsuit

  • Represented listed company Misho Ecology & Landscape Co., Ltd. in a securities misrepresentation lawsuit

  • Represented listed company CITIC Guoan Information Industry Co., Ltd. in a securities misrepresentation lawsuit

  • Represented Xinjiang Joinworld Company Limited. in a securities misrepresentation lawsuit


Securities Compliance

  • Assisted a securities firm in addressing administrative regulatory investigations arising from fraudulent issuance by Amethystum Storage Securities as the IPO sponsor, which is China's first case where administrative commitments were made by stakeholders in a securities administrative case, garnering recognitions as one of the "Top Ten Guiding Cases for Alternative Resolution of Securities Disputes in 2025" by the Shanghai Financial Court and the China Securities Investor Services Center, one of the "Top Ten Guiding Case of Investor Protection" by the China Securities Regulatory Commission (CSRC) in 2023, and China Business Law Journal's "Outstanding Transaction of 2023"

  • Assisted a securities firm in addressing administrative investigations arising from fraudulent issuance by Essence Information Technology Co., Ltd. as the IPO sponsor, ultimately leading to undertakings by the involved parties

  • Assisted a securities company, as the IPO sponsor, in responding to an administrative investigation by the Beijing Stock Exchange on information disclosure violations

  • Assisted a Big Four accounting firm in responding to an administrative investigation on fraudulent bond issuance

  • Provided securities compliance consulting services to one of the world's top three credit rating agencies

  • Assisted a listed company's executive in responding to an administrative investigation on alleged insider trading


Corporate Disputes and Asset Management Disputes

  • Represented a large listed central state-owned enterprise and its subsidiary in unjust enrichment disputes with Beijing Jintai Real Estate Development Co., Ltd. and successfully have the case retried before the Supreme People's Court, cumulating in successful overturn of Beijing High People Court's second-instance judgment

  • Represented a subsidiary of China National Offshore Oil Corporation (CNOOC) in purchase contract disputes and execution procedures with Zhonghai (Dongying) Petrochemical Co., Ltd.

  • Represented a listed company in control disputes with the entity attempting forceful acquisition of the client

  • Represented CITIC Securities' wholly-owned private equity subsidiary, Goldstone Investment, in equity disputes with GUOJING TAIFU Investment

  • Represented Misho Ecology & Landscape Co., Ltd. in earn-out liability disputes with the original shareholder of Jindian Landscape Architecture

  • Represented Misho Ecology & Landscape Co., Ltd. in handling disputes related to the termination of the additional issuance contract with non-public offering subscribers

  • Represented a non-listed public company in loan contract disputes and shareholder contribution disputes with shareholders

  • Represented a large central state-owned trust enterprise in trustee responsibility arbitration disputes with trustors

  • Represented a large central state-owned trust enterprise in enforcement proceedings involving multiple notarized debt instruments and enforcement objection lawsuits with financiers

  • Represented a large central state-owned trust enterprise in termination of trust contract disputes with subordinate trustees

  • Assisted a large central state-owned trust enterprise in disputes over shareholder defective contribution liability with investment company creditors

  • Represented a large trust company in addressing deficit compensation disputes with subordinate trustees

  • Represented a large trust company in addressing loan contract disputes with financiers

  • Represented Beijing ZRT Investment Management Co., Ltd., a wholly-owned investment subsidiary of a large trust company, in entrusted wealth management contract disputes with investors

  • Represented a large trust company in trustee responsibility disputes and bankruptcy restructuring procedures with trustors

Honors and Awards

For Individual

Top 40 under 40 in the Asia-Pacific region (the only lawyer from China's mainland to make the list), Benchmark Litigation Asia-Pacific, 2025

Future Star in the government and regulatory category, Benchmark Litigation Asia-Pacific, 2025

Rising Stars, China Business Law Journal, 2024

Top under 40 of the Year, Lexis Nexis, 2024

Ranked on the recommended list of dispute resolution in Asia Pacific, Legal 500, 2025

For Deal

"Essence Information Technology Co., Ltd. Securities Special Representative Lawsuit Case", Top Ten Cases of the People's Court in 2024; Outstanding Transaction of 2024, China Business Law Journal; Top Ten Guiding Cases of Investor Protection, CSRC, 2023; Top Ten Financial and Commercial Cases by Shanghai Courts and Top Ten Typical Cases by Shanghai Financial Court, 2023

"Amethystum Storage Securities Administrative Undertaking Case", Top Ten Guiding Cases for Diversified Resolution of Securities Disputes, Shanghai Financial Court and China Securities Investor Services Center, 2025; Top Ten Guiding Case of Investor Protection, CSRC, 2023; Outstanding Transaction of 2023, China Business Law Journal

"A Big Four accounting firm involved in the Fuguiniao bond false statement liability dispute", Outstanding Transaction, Business Law, 2022

For Research

"Presumed Losses and Preemptive Compensation in the Absence of Private Fund Liquidation" (academic paper), Second Prize at the 2024 Annual Meeting of the Securities Law Society

"Legal Obligations of Securities Companies and Investment Banking Practice Evaluation from the Perspective of Securities False Statement Liability", (research report), Excellent Research Project in the "2022 Key Topics Research", China Securities Association

"Legal Responsibility Study of Intermediary Institutions in Bond Market False Statement" (research report), Research Plan Award in the "2022 Annual Research Plan", China Foreign Exchange Trading System & National Interbank Funding Center

Publications

"On the Reasonable Boundaries of Institutional Investors' Rights Protection in Bond Misrepresentation Cases", Investor, Vol. 27, February 2025

"Presumed Losses and Preemptive Compensation in the Absence of Private Fund Liquidation", Securities Law Review, 2024

"Securities False Statement Liability: Definition of Due Diligence Obligations for Securities Companies and Evaluation Suggestions for Investment Banking Practices from the Perspective of Securities False Statement Liability", China Securities Association's internal publication "Chuandao", Issue 36, 2023

"Compilation of Abstracts of Excellent Research Projects on Key Topics of the China Securities Association in 2022" (contributor), China Finance and Economic Press, November 2023

"Essence and Commentary on the Securities Law of the People's Republic of China" (co-author), published by China Legal System Publishing House, September 2020

"Witness and Prospect: Twenty Years of Securities Litigation in China" (co-author), Zhong Lun Research Institute, May 2022

"Practice and Suggestions for the Application of Administrative Penalties for Violations of Securities Information Disclosure Standards in China", Tsinghua Financial Law Review, Volume 3, Issue 2, 2019

"Research on the System of Returning Gains Obtained from Infringing Rights and Interests," Graduate Law Journal, May 2016

Related

  • Bar Admissions/Professional Qualifications

    PRC, 2018

  • Education

    Master of Laws in Civil and Commercial Law, China University of Political Science and Law, 2013 to 2016
    Magister Juris, the University of Oxford, 2014 to 2015
    Bachelor of Laws, Beijing Normal University, 2009 to 2013

  • Professional Experience

    Non-equity partner and associate, Zhong Lun Law Firm, 2019 to present
    Associate, King & Wood Mallesons Law Firm, 2016 to 2019

  • Languages

    Chinese
    English