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扎实稳健 精益求精

Solid, Steady and Striving for Excellence

We're one of the first law firms in China to specialize in securities legal services, establishing ourselves as an industry leader in the Chinese capital market. Our core competitiveness lies in the exceptional quality and robust capabilities of our securities legal services, earning us widespread recognition and praise from clients. Grandway is also highly regarded by various societal sectors, including regulatory authorities, peer intermediary agencies, legal rating agencies, and media both domestically and internationally.

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Securities and Capital Markets

We're one of the first law firms in China to specialize in securities legal services, establishing ourselves as an industry leader in the Chinese capital market. Our core competitiveness lies in the exceptional quality and robust capabilities of our securities legal services, earning us widespread recognition and praise from clients. Grandway is also highly regarded by various societal sectors, including regulatory authorities, peer intermediary agencies, legal rating agencies, and media both domestically and internationally.

Several partners of Grandway have served in key positions such as members of the Issuance Examination Committee of the China Securities Regulatory Commission (CSRC), the Examination Board for M&A and Restructuring of Listed Companies of the CSRC, the Listing Committee of the Shanghai Stock Exchange's STAR Market, the Listing Committee of the Shanghai Stock Exchange, bond review experts at the Shanghai Stock Exchange, and members of the Listing Committee of the Shenzhen Stock Exchange. Grandway is frequently entrusted by the CSRC to participate in drafting and revising departmental rules and regulatory documents related to the issuance, listing, and supervision of listed companies. We possess deep insights and thorough analytical abilities regarding capital market operations and regulations, enabling us to provide clients with professional and comprehensive legal opinions and suggestions, helping them successfully achieve their capital market goals.

Core Business in Securities and Capital Markets

Originating in the capital market and specializing in the securities field, Grandway boasts extensive experience in providing legal services across various specialized areas. We offer clients tailored, high-quality, and professional legal support.

Grandway's expertise in securities legal services is centered around Initial Public Offerings (IPOs), refinancing of listed companies, and mergers and acquisitions (M&A). Over the past 30 years, despite the ever-changing capital market, Grandway has consistently provided top-tier legal services for IPOs, refinancing, and M&A projects to hundreds of enterprises both domestically and internationally. Our high number of approved projects and exceptional approval rate have set industry benchmarks.

Grandway excels at helping clients navigate complex legal and regulatory environments and achieve goals. By designing tailored solutions that align with clients' interests, we successfully achieve commercial value and transaction objectives. Additionally, we provide practical and professional legal advice on key matters involved in these solutions.

Our Services

  • Initial Public Offerings (IPOs) of A-shares

  • Listing on the NEEQ

  • Refinancing of listed companies

  • M&A of listed companies

  • Issuance of bond and debt financing instruments

  • Overseas securities offering and listing by domestic enterprises

  • Equity incentives and employee stock ownership plans

  • Fund business

  • Asset securitization

  • Securities compliance

  • Governance and information disclosure of listed companies

Fund Business

In today's fully developed fund business era, we possess deep insights into legal risks and expertly navigate potential pitfalls to help clients maximize their capital gains.

As one of China's leading law firms specializing in private equity and investment funds, Grandway offers comprehensive legal services spanning the entire lifecycle of private funds, from fundraising and investment to management and exit. Our projects include RMB and USD funds, covering a range of capital types such as equity investment funds, securities investment funds, venture capital funds, S funds, FOF, etc. We cater to various industries, including healthcare, TMT, new energy, new materials, education, and real estate, etc. Adhering to an industry-focused and client-first philosophy, we continually update our professional knowledge and skills. We maintain long-term, consistent interactions with regulatory authorities and industry associations on legal matters, ensuring our clients receive the most cutting-edge and commercially valuable legal advice in the fund-related field.

Our Services

  • Assisting various private fund managers with the establishment and completion of registration for domestic, foreign, and Sino-foreign equity and securities categories, as well as managing significant changes, and obtaining local pilot qualifications such as QFLP, QDLP, and QDIE.

  • Assisting clients in designing and structuring domestic and cross-border fund frameworks (including the establishment of offshore funds in Cayman, BVI, etc.).

  • Providing comprehensive legal services for the fundraising, establishment, and filing of various domestic and foreign private fund products. This includes designing fund product schemes and structures, assisting private fund managers in communication, negotiation, and drafting LPAs and other documents with SOEs, national and local industry guiding funds, parent funds, foreign FOF, and family offices. We also offer product filing services with fund associations for established funds.

  • Providing end-to-end legal services for private fund investment and financing, including transaction structure design, due diligence, drafting and negotiation of transaction documents, project delivery, and other comprehensive legal support.

  • Offering specialized legal services for major and complex legal issues, as well as response strategies for emergencies related to investment targets during post-investment fund management.

  • Assisting in the analysis of major and complex issues in project exits and fund exits. We help formulate and implement comprehensive exit plans, including but not limited to share transfers (in cooperation with S funds), overall sales of underlying projects, mergers and acquisitions, and bankruptcy liquidation.

  • Settlement of disputes related to funds.

  • Fund liquidation: assisting in drafting fund liquidation plans and providing support for fund tax clearance filing, association liquidation filing, industrial and commercial deregistration filing, and other related processes.

  • Providing compliance advice, daily legal consultation, review of business agreements, and other long-term legal services for fund management companies, as well as value-added services such as training related to private funds and offering publications like Grandway's Insights into Fund Newsletter.

Asset Securitization

With the continuous deepening of reforms in China's capital market, innovative businesses, particularly in asset securitization, are flourishing. Grandway team will continue to innovate products and services, enhancing our overall legal service capabilities in the financial sector.

Grandway has always prioritized innovative securities legal services, particularly in asset securitization, maintaining a leading position in the market. We have provided legal services for pioneering asset securitization projects, including the income securitization of theme parks like Happy Valley and Guangzhou Chimelong, and the trust beneficiary rights of Highsun Group. Grandway has made a significant impact on markets including ABS, CMBS, REITs, and pseudo-REITs.

In recent years, in response to new regulatory norms, Grandway has strengthened our focus on asset securitization. We have consolidated our internal resources, developed innovative team collaboration mechanisms, and explored advanced topics in ABS and REITs. Our professional team, comprising experts from the equity, fund, fixed income, and real estate sectors, is deeply involved in asset securitization across supply chain finance, real estate finance, and consumer finance. This ongoing effort enhances our ability to provide comprehensive legal services to our clients and partners.

Grandway has been appointed as expert advisor to the Asset Securitization Professional Committee of the Asset Management Association of China. We frequently participate in asset securitization business seminars organized by securities regulatory agencies, actively contributing their insights and suggestions.

Our Services

  • Issuance of Real Estate Investment Trusts (REITs)

  • Issuance of Asset-Backed Securities (ABS)

  • Issuance of Asset-Backed Notes (ABN)

  • Issuance of Commercial Mortgage-Backed Securities (CMBS)

  • Resolution of disputes related to asset securitization

Securities Compliance

Amid the capital market registration system reform and the deepening of new regulatory frameworks, we've consistently monitored and researched the compliance field, driving innovation in our securities compliance services.

With a constant keen insight into compliance in the securities field, Grandway continuously studies regulatory rules and leverages practical experience to provide clients with cutting-edge compliance services, effectively bridging the final gap in the entire chain of legal services in Securities Industry. Adhering to the regulatory policy of "strict supervision, zero tolerance," we anchor our comprehensive legal services in the capital market. Our elite team consists of professionals with extensive backgrounds in securities issuance and dispute resolution, stays current with the latest regulatory rules and judicial cases to develop systematic legal products and services in Securities Compliance. When clients face significant compliance risks, Grandway provides refined litigation and defense strategies based on the latest regulatory developments. We consider the criminal, administrative, and civil responsibilities of capital market entities to ensure the maximum protection of clients' rights from both substantive and procedural aspects within a legal and compliant framework.

In recent years, Grandway has successfully provided rigorous and effective legal services in the Securities Compliance field to multiple listed companies and related entities. We have handled numerous high-impact commercial litigation, administrative penalty, and criminal litigation cases, gaining significant social recognition.

Our Services

  • Commercial dispute resolution in the securities field

  • Defense in administrative penalty cases in the securities field

  • Criminal defense in the securities field

Internal Risk Control System of Securities Legal Service

The Internal Risk Control System of Legal Service is Grandway's method of internal risk control, it assembled all the experiences and intelligence from the whole firm. This rigorous and efficient system safeguards all our clients and business partners.

Quality builds the foundation of Grandway. To enhance the efficiency and quality of securities legal services, Grandway took the lead in establishing a strict and high-efficient internal risk control system. All members participating in controlling Grandway's internal risk are the senior partners, lawyers, or external experts of the firm, who practice in securities legal service field. They are proficient in applicable laws, regulatory policies, rules and regulations, and have rich experience in securities legal practice and review.

Grandway's Internal Risk Control System adheres to the "prevent the risk and guide the business" principle. The System assists lawyers in solving major and complex difficulties in every securities-related project in accordance with the relevant laws, rules and regulations, and regulatory policies. It guarantees the projects to be smoothly proceeded and be successfully completed.

We guard our every securities legal service project with the experiences and intelligence of all members of the firm. This rigorous and effective Internal Risk Control System of Grandway has been well operating for years and obtained high reputation in the industry. The System has been highly appreciated and recognized by our clients, business partners and even by the securities regulatory authorities.