Andrew Zhang is the overseeing accomplice at Business and Money Regulation Workplaces. Presently situated in China, he has practical experience in capital business sectors, consolidations and acquisitions, as well as confidential value. Mr. Zhang is a top-class dealmaker with solid capacities to give exceptional viewpoints and market experiences in various locales.
As a main legal counselor in China, he is likewise furnished with nearby top to bottom, broad experience joined with worldwide vision, offering full-support, multi-purview, far reaching, one-stop lawful help and the best and most strong business answers for meet the different requirements of homegrown and worldwide clients in the fields of M&A, capital business sectors, and confidential value. In light of his strong and broad expert information as well as business experiences, Mr. Zhang is generally perceived by clients and has an extraordinary history and heavenly standing, with consistent recognition from clients as well as esteemed legitimate honors and grants. Mr. Zhang has addressed both Chinese and worldwide organizations in various exchanges and addresses a few notable speculation foundations.
Mr. Zhang has broad experience dealing with lawful as well as business issues connecting with a wide assortment of business exercises, and he is focused on conveying the best and best answers for assist clients with accomplishing their business goals and prevail in the present complex worldwide commercial center.
Scholastic Foundation and Expert Experience
Mr. Zhang set out on his lawful excursion in 2007, following his extraordinary scholastic accomplishments at the Chinese Foundation of Sociologies. Driven by his enthusiasm for reasoning and regulation, he chose to submerge himself in the field of regulation. During his scholastic years, he concentrated on legitimate hypothesis and investigated the philosophical thoughts behind the law. Subsequent to graduating, Mr. Zhang didn’t agree to just hypothetical information; all things considered, he joined hypothesis with training and entered the viable universe of regulation.
Mr. Zhang joined the Trade and Money Regulation Workplaces a long time back, and through his extraordinary expert abilities and determined endeavors, he was gladly elevated to accomplice in 2012. He presently fills in as the overseeing accomplice of the firm, utilizing his remarkable administration and broad administration experience. In the domains of capital business sectors, consolidations and acquisitions, and confidential value, Mr. Zhang has acquired commonsense experience through his contribution in taking care of different cases.
The Greatest Impacts on Mr. Zhang’s Vocation
The deepest realization Mr. Zhang has had as a lawyer is the need for a high degree of creativity. This includes understanding clients’ business needs and solving their problems in innovative ways. For instance, one of his clients, a leading financial institution in China’s new economy, faced a unique legal challenge. They needed to construct a contractual control structure for their RMB fund business during their Hong Kong listing process. This was the first time in the history of the Hong Kong Stock Exchange that an RMB fund business needed such a structure, presenting numerous unprecedented issues regarding compliance with regulatory guidelines.
There were no past cases to refer to. In response, Mr. Zhang fully combined the business model characteristics of the client’s RMB fund business. Through his creative approach, he resolved several issues related to constructing a contractual control structure. This not only addressed the client’s immediate needs but went on to set a precedent for how Chinese RMB fund business companies can list overseas in the future.
Key Reasons that Make Capital Markets the Most Challenging
In the last three years, China has strengthened its regulations on overseas listings and data compliance. According to Mr. Zhang, there are three major challenges:
First, China has intensified its supervision of anti-monopoly in the internet economy industry, which will change the business model of those internet giants and other companies in this industry. For example, abuse of market dominance and exclusive dealing behaviors have been constrained, thus the market is more open to all different kinds of competitors, and the behaviors that may harm fair competition will be reassessed from a regulatory perspective.
Second, great emphasis has been placed on data protection and compliance, especially the protection of personal information and other privacy-related matters. China has enhanced its supervision and control over data exports. In the realm of the capital market, the Cyberspace Administration of China (the “CAC”) and other regulatory departments in the PRC have formulated certain laws and regulations that have a significant impact on overseas listings.
Third, companies intending to list overseas shall file with the China Securities Regulatory Commission (“CSRC”) for their overseas listing before going public, further increasing the cost of listing and the difficulty of going public.
Mr. Zhang’s Take on the Latest Industry Trends
Many enterprises in the new economy sectors (including TMT, artificial intelligence, big data, etc.) experience rapid business development from the beginning of their inception, with business models evolving continuously. Companies often face regulatory uncertainties and gaps in the regulatory framework. Under these circumstances, lawyers need to have a profound understanding of and integrate their clients’ business models while also possessing extensive practical experience with existing laws and regulations from regulatory bodies and the industry. They must use creative thinking and forward-looking perspectives to anticipate various potential legal risks and strategies, providing clients with business solutions that are practical and future-oriented.
The Impact of Technological Advancements
For some foundational legal tasks such as drafting basic legal contracts, intellectual property statements, and legal due diligence, legal tech companies may have become de facto competitors due to their lower costs and higher efficiency advantages. However, within a foreseeable period, for high-end legal services that require foresight, highly personalized needs, tailor-made solutions, and rich legal practical experience and judgment, such as mergers and acquisitions, IPOs, and litigation, professional lawyers are still needed. In these areas, legal tech companies are not competitors in the short term.
The Major Challenges of China’s Legal Industry
China’s economy and non-litigation lawyers have a relationship akin to water and fish. Non-litigation lawyers have grown and risen alongside the takeoff and development of China’s economy; as the water swells, so does the fish. With the elevation of China’s economic status in the world, the position of non-litigation lawyers in the legal profession is also gradually improving, and their development is becoming increasingly robust.
PRC lawyers are currently facing an excellent historical opportunity. As mentioned earlier, the relationship between PRC lawyers and China’s economy is such that the status of China’s economy in the world is steadily rising. We can reasonably anticipate that for a considerable period, China’s economy will continue to maintain growth and a leading position. Therefore, PRC lawyers can also continue to expand along with the growth of China’s economy for a long time. In addition, many Chinese enterprises have already taken the lead in the world, and there are already many large companies with influence and a leading position on a global scale, such as Tencent, Alibaba, ByteDance, etc. Therefore, PRC lawyers will also step into the global arena, following in the footsteps of these companies, and will inevitably have greater influence and status worldwide in the future.
Words of Wisdom
With 17+ years of expertise and in-depth knowledge in law, Mr. Zhang advises young legal professionals “Keep an eye on the dynamics of their clients and the industries in which they operate, striving to provide the best forward-looking insights for their clients and to safeguard the interests of clients.”
