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by Legal Desire
1 September 2026

Clifford Chance advises on State Grid’s record RMB14.9 billion dim sum bond issuance

Advising firms

Deal team

6 lawyers named
LawyerFirmSeniorityPracticeOffice
Fang Liu Lead Clifford Chance Partner Not stated Not stated
Angela Chan Lead Clifford Chance Partner Not stated Not stated
Torrance Shi Clifford Chance Counsel Not stated Not stated
Michael Cheng Clifford Chance Senior associate Not stated Not stated
Xinyue Yang Clifford Chance Associate Not stated Not stated
Mark Y Chen Clifford Chance Trainee Not stated Not stated

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Stated terms

Stated value
CNY 14.9bn (RMB14.9 billion)
What the figure measures
Issue size
Client
Not stated
Counterparties
State Grid Corporation of China (Issuer)
ICBC (Underwriters)
Bank of China (Underwriters)
CITIC Securities (Underwriters)
Agricultural Bank of China (Underwriters)
Bank of Communications (Underwriters)