Leading international law firm Clifford Chance has advised the 21 joint bookrunners* on China Galaxy Securities US$1.07 billion IPO on the Hong Kong Stock Exchange. Joint global coordinators for the deal were Goldman Sachs, JP Morgan, China Galaxy International Securities Hong Kong Limited, ABCI Capital Limited and Nomura. The company sold approximately 1.6 billion H shares at HK$5.30 each.

Eversheds has announced the launch of its Beijing office, opening on 20 May 2013, with the appointment of two new partners: corporate energy law expert Ingrid Zhu-Clark and corporate lawyer Jay Ze.

Davis Polk advised Goldman Sachs International, Merrill Lynch Far East Limited and BNP Paribas Securities (Asia) Limited as joint bookrunners and lead managers in connection with a Regulation S offering of $220 million zero coupon convertible bonds due 2018 by Asia Cement Corporation.

Davis Polk is advising Baidu, Inc. in connection with its $370 million acquisition of the online video business of PPS. The definitive agreement was signed on May 7, 2013. The transaction, which is subject to customary closing conditions, is expected to close in the second quarter of 2013.