Dacheng represents numerous foreign and domestic companies in relation to their initial public offerings (IPOs) and corporate refinancing. We advise on matters involving A-shares, B-shares, H-shares, red-chip stock, beneficiary certificates and other kinds of securities on stock exchanges worldwide.

Through more than 20 years of practice, our Securities and Capital Markets team has established close working relationships with key players within the industry worldwide, including securities regulators, stock exchanges, international and domestic investment banks, auditors, appraisal institutions and listed companies. This experience enables us provide you with the highest quality legal service.

Key services in this area include:

• Equity capital markets

• Pre-listing restructuring and cor-porate reorganizing

• Pre-listing private placements

• Global and domestic initial public offerings

• Refinancing of listed companies, including issuance of stocks, convertible bonds, depository receipts, real estate investment trusts and other financial instruments

• Domestic and overseas backdoor listings and reverse mergers

• Acquisitions, mergers, divisions, capital reorganizations, delisting and relisting of listed companies

• Stock splits, share repurchases and corporate governance involv- ing listed companies

• Structuring executive incentive plans and employee stock owner- ship plans

• Ongoing disclosure requirements of listed companies

• Formation and management of securities investment funds

• Debt capital markets

• Financial bonds

• Short-term financing bonds

• Debentures enterprise bonds