DeHeng Law Offices




DeHeng Law Offices specialises in acquisition finance and project finance. Partner Xu (Jennifer) Zhang is experienced in cross-border financing, including syndicated lending, asset finance and sovereign loans. The firm has recently opened offices in Shi Jiazhuang, Nanchang, Yinchuang, Xiamen, Xi’an, Xixian New Area and Hong Kong. It now has 33 branch offices in PRC and eight branch offices in foreign countries.

Client feedback

“Comprehensive project legal services for large-scale infrastructure investment, construction and operation.” – Infrastructure

“Experienced in large-scale infrastructure investment, construction and operation projects with complex transaction structures.” – Infrastructure

“Familiar with rail transit project investment and construction projects. PPP project transaction structure design is flexible and diverse.” – Infrastructure

Hongyuan Li

“Professional, efficient and friendly.”

“He is meticulous, serious, patient and professional.”

“Professional, patient, and gives fast feedback.”

“Responsive, professional, and friendly.”

Labour and employment
Work highlights

Acted for Beijing Shunyuan Kaihua Technology on a labour dispute regarding the termination of an employee.

Key clients

Beijing Sense Time Development, China Merchants Bank (Beijing Branch), China Offshore Petroleum Power Group

Restructuring and insolvency
Work highlights

Appointed by the court as administrator in the corporate restructuring of Sanya Luhuitou Tourism District Development and Hainan Xinjia Travel Industry Development. This is the biggest restructuring case ever accepted by a Chinese court in the real estate industry in terms of total asset and debt of the companies involved, with a total debt amount of Rmb65 billion and total assets of Rmb25 billion.

Key clients

Dalian Shipbuilding Industry, National Development Bank (Anhui Branch), The Creditor Committee of Financial Institutions of China Minsheng Investment Group

Corporate and M&A
Work highlights

Advised Chengdu Global Century on its acquisition of Yunnan Metropolitan Real Estate Development.

Key clients

China Merchants Qianhai Industrial Development, Shenzhen Capital, Yunnan Baiyao Group

Capital markets
Work highlights

Acted for China Three Gorges Corporation on its public issuance of Rmb20 billion exchangeable bonds. This is the first issuance of green exchangeable corporate bonds in the Chinese securities market, and the biggest so far.

Key clients

China Railway Construction Corporation, Longzhou Group, Shanghai MicroPort Endovascular MedTech

Work highlights

Acted in the investigation of abuse of dominance of a pharmaceuticals distribution company.

Banking and finance
Work highlights

Acted for China Development Bank on the acquisition financing for China National Nuclear Corporation Capital Holdings to support its acquisition of Tsinghua Tongfang, a PRC company listed on Shanghai’s stock exchange.

Key clients

Bank of China (Anhui Branch), Nanyang Commercial Bank (China), China Development Bank (Beijing Branch)