Shi Libin

Introduction

Shi Libin has extensive experience in cross-border capital market transactions, including offshore eurobonds, medium-term note programmes, equity-linked securities, ESG-themed bonds, and regulatory capital instruments, and she has worked on over hundreds of offshore bond transactions.

Before joining JunHe, Shi worked at Linklaters, where she handled numerous landmark transactions. These included the treasury bonds issued by the Ministry of Finance, and local government bonds issued by the Guangdong Provincial Department of Finance and the Shenzhen Municipal Finance Bureau, marking the first offshore debt offering issued by mainland Chinese local governments.

Shi has advised on multiple regulatory instruments and bond offerings for major financial institutions including the Agricultural Development Bank of China, Bank of China, China Construction Bank, Bank of Communications, China Zheshang Bank, Huishang Bank, Industrial Bank, BOCOM Leasing, CDB Leasing, and GF Securities (Hong Kong). In addition, Shi has worked on the offshore bond transactions for major central and local state-owned enterprises, as well as private companies including Chalco, Chinalco, China Yangtze Power, Shandong Hi-Speed Group, Zhejiang Expressway, Fujian Investment & Development Group, Contemporary Amperex Technology, and Baosteel Group.

In 2024, as international counsel for BOCOM Leasing, Shi led her team in successfully assisting BOCOM Leasing with the update of its USD10 billion medium-term note programme through BOCOM Leasing Management Hong Kong (the issuer), with the benefit of a Keepwell and Asset Purchase Deed provided by Bank of Communications Financial Leasing (together with the issuer, the “BOCOM leasing”).

This included advising on a series of subsequent offerings, such as of USD 650 million in floating rate bonds linked to SOFR, USD300 million in fixed rate bonds, of USD 400 million in floating rate bonds linked to SOFR, and USD250 million in fixed rate bonds.

Shi also assisted BOCOM Leasing in the application of the listing of the bonds on both the Hong Kong Exchanges and Clearing Limited and the Luxembourg Stock Exchange. In addition, she advised BOCOM Leasing on the conversion of two floating rate bonds totalling USD950 million, initially linked to the London Interbank Offered Rate (LIBOR), to bonds linked to the SOFR. This conversion is a critical response to the global financial industry’s shift away from LIBOR towards more robust and reliable reference rates like SOFR.

Apart from her work on bonds transactions, Shi provides legal advice to various financial institutions such as Hangzhou Bank, Bank of Dalian, and Maxwealth Fund Management regarding their investments in offshore securities.