Automated report. This article was drafted by software from the sources listed below, checked automatically against them, and read by the editor, Sam Allcock, before it was published. Law Week labels every article produced this way. A person is answerable for it: if something here is wrong, write to editor@lawweek.co.uk and we will correct it on the page and say what changed.
Clifford Chance said in an announcement on its website that it had advised China International Capital Corporation Limited (CICC) on a three-way merger with Dongxing Securities Co., Ltd. and Cinda Securities Co., Ltd., carried out through mergers by absorption and share exchange. The firm said the transaction was completed on 26 October 2026.
Key points
- Clifford Chance said the enlarged group formed by the merger is projected to hold assets of more than RMB1 trillion, putting it among the largest securities firms in China.
- The firm said the matter drew on specialists based in 15 offices. It named Hong Kong, Beijing, Shanghai, Singapore, Tokyo, Sydney and Perth as being among them, alongside further offices in the Middle East, Europe and the United States.
- Clifford Chance said partners including Lena Ng and Jack Hardman, along with colleagues such as Mark Currell, David Clee and Hajime Saito, gave specialist advice on the deal, as did several further partners named in the announcement.
- Clifford Chance said it has also advised on Haitong Securities’ merger with Guotai Junan Securities and on share issuances by PICC and China Re under China’s financial sector recapitalisation programme.
Lead partner’s comment
Tommy Tam, the lead partner on the deal, said: “Bringing together three leading securities institutions, the merger is one of the most significant transactions in China’s securities sector in recent years.” He said completing a deal of this scale had required close cooperation across disciplines and jurisdictions, and added that the firm was “extremely proud to have worked alongside CICC’s team on this landmark merger.”
Scale of the team
Clifford Chance said the breadth of the team, spanning offices across Asia, the Middle East, Europe and the United States, reflected how complex and multi-jurisdictional the merger was. The firm said the named partners and their respective teams each contributed specialised advice to the transaction.