ENG

  • Shell CHEN

    Non-equity Partner / Beijing

  • Tel +86-10-5796-5226

    Email shellchen@zhonglun.com

  • Practices

    Hong Kong & Overseas Capital Markets, Antitrust & Competition, Chinese Mainland Capital Markets

CV

Shell CHEN

Ms. Shell Chen has extensive experience in general commercial affairs, including initial public offerings (IPOs) in the Hong Kong market, compliance of Hong Kong listed companies, and cross-border mergers and acquisitions. Her clients include large state-owned enterprises, leading private companies, and top international investment banks.

Representative Matters

Annual Retainer-based Counsel for Hong Kong Listed Companies

  • Acted as the Hong Kong counsel on an annual retainer basis to China Petroleum & Chemical Corporation (“Sinopec Corp.") from 2012 to 2020

  • Acted as the Hong Kong counsel on an annual retainer basis to Sinopec Oilfield Service Corporation (“SSC") since 2015

  • Acted as the Hong Kong counsel on an annual retainer basis to China Pioneer Pharma Holdings Limited since 2021

  • Acted as the Hong Kong counsel on an annual retainer basis to Sinopec Shanghai Petrochemical Company Limited since 2022

  •  Acted as the Hong Kong counsel on an annual retainer basis to China Everbright Bank from 2014 to 2015

  • Acted as the Hong Kong counsel on an annual retainer basis to China Agri-Industries Holdings Limited from 2011 to 2018

  • Acted as the Hong Kong counsel on an annual retainer basis to China Merchants Bank Company Limited from 2019 to 2020

  • Acted as the Hong Kong counsel on an annual retainer basis to Qinhuangdao Port from 2019 to 2020

  • Acted as one of Hong Kong counsels on an annual retainer basis to Sinotrans Limited in the client’s legal counsel pool since 2021

  • Acted as the Hong Kong counsel on an annual retainer basis to China Oilfield Services Limited from 2015 to 2016

  • Acted as the Hong Kong counsel on an annual retainer basis to China Cinda Asset Management from 2017 to 2020


Transactions Involving Hong Kong Listed Companies

  • Represented Great Wall Gas, a subsidiary of Sinopec Corp., on its CNY 539 million strategic acquisition of 29.99% equity interest in Binhai Investment Company Limited, a Hong Kong-listed company

  • Advised Sinopec Corp. on the Hong Kong aspects of its USD 3.1 billion (HKD 23.97 billion) private placement of new H-shares, traded on the Stock Exchange of Hong Kong, with the mandate representing Sinopec Corp.’s first large-scale stock offering since its H-shares IPO in 2000

  • Represented SSC in its backdoor listing in A+H market via Sinopec Yizheng Chemical Fibre, which was one of the most high-profile capital market transaction in 2014

  • Represented MIE in its CAD 772 million acquisition of CQ Energy Canada, which represents a very substantial acquisition for MIE under the Hong Kong Listing Rules

  • Represented China International Capital Corporation Hong Kong Securities Limited, which acted as financial adviser, in 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 for China Shipping Container Lines Company Limited and involved acquisition target assets amounting to CNY 2.7 billion 

  • Represented Shenhua Group Company Limited in its USD 271 billion merger with China Guodian Group, resulting in China Energy Investment Company Limited, the fourth largest state-owned enterprise in the energy sector and the world’s largest coal, thermal, wind, and coal chemical company, and also advised on the formation of a joint venture between China Shenhua (a listed subsidiary of the Shenhua Group) and Guangdong Power Development Company Limited (a listed subsidiary of the China Guodian Group) under Hong Kong law, as part of the merger deal

  • Represented Sinopec Corp., Sinopec Tianranqi Company, Sinopec Marketing Company Limited, and Sinomart KTS Development Limited in their CNY 122.655 billion sale of oil and gas pipeline network assets to China Oil&Gas Pipeline Network Corporation, which was the most high-profile capital market transaction in 2020

  • Advised China Cinda Asset Management on the filing of its proposed spin-off of Cinda Securities Limited for domestic listing to the Hong Kong Stock Exchange


Cross-border Investment/M&A

  • Advised Cinda International and its licensed corporations under SFC on the change of substantial shareholders

  • Advised Cinda Securities on the exemption from its general tender offer of Cinda International for becoming a substantial shareholder of Cinda International

  • Advised China Construction Bank on a framework agreement with Banco Santander, S.A. for their collaboration on automobile finance and the holding company for micro and small loans, among other matters

  • Advised Jinchuan International on its acquisition of certain rare metal mineral resource in Indonesia

  • Advised Beijing Infrastructure Investment on its equity transaction with an offshore vehicle incorporated in Cayman Islands

  • Advised China Development Bank (CDB) on the “loan plus oil" financing arrangement between CDB and the Government of Venezuela

  • Advised China Merchants Securities Investment Management (HK) Company Limited on its equity investment in a Cayman medical equipment company

  • Advised China General Technology (Group) Holding Company Limited on its proposed acquisition of equity interest in a Hong Kong private company

  • Advised Shanghai Zhouyi Enterprise Management Partnership (LP) on the angel round investment in Shanghai Wangdoufu Network Technology Company Limited

Publications

“Brief Analysis and Key Concerns of Spin-offs of Hong Kong Listed Companies" (co-author), “Hong Kong Capital Market: Vision & Insight”, Zhong Lun Institute of Research, 2022

“Continuing Compliance Responsibilities of Hong Kong Listed Companies” (co-author), “Hong Kong Capital Market: Vision & Insight”, Zhong Lun Institute of Research, 2022

  • Bar Admissions/Professional Qualifications

    New York State Bar, 2016

  • Education

    LL.M., Harvard University, 2015
    LL.B. and B.A. in English, Beijing Foreign Studies University, 2009

  • Professional Experience

    Non-equity partner and counsel, Zhong Lun Law Firm, 2021 to present
    Senior associate, associate, and legal assistant, Herbert Smith Freehills, 2011-2020

  • Languages

    Chinese
    English