Yan Kebing

Lawyer Yan Kebing, Senior Partner and Managing Partner of Hai Run Law Firm. With over 20 years of experience in securities legal services, he has provided comprehensive capital market legal services to hundreds of well-known enterprises nationwide.

Mr. Yan is proficient in all areas of securities legal services, including corporate (state-owned enterprise included) restructuring and reorganization, pre-IPO equity financing, initial public offerings (IPO) and listings, issuance of convertible bonds, rights issues, additional share offerings and private placements by listed companies, share issuances for asset acquisitions and mergers & reorganizations, issuance of corporate bonds and preferred shares by listed companies, enterprise bonds, asset securitization, stock listings and transfers on the National Equities Exchange and Quotations (NEEQ), as well as private fund manager registration — covering the financing needs of enterprises at all stages.

He has successively handled IPOs, refinancing, and major asset restructurings for companies such as Jointown Pharmaceutical, Shuangjie Electric, Aoxiang Pharmaceutical, Vland Biotech, Qinglong Pipe, Xindaxincai, Huayi Jiaxin, Hengshun Electric, Haixiang Pharmaceutical, Huafeng Chemical, Huafeng Microfiber, Huafeng Aluminum, Tieke Rail Transit, Xiaoming Stock, and Syno Biopharm, among others

• Assisted Beijing Tieke Shougang Rail Transit Technology Co., Ltd. (abbreviated as Tieke Rail Transit, stock code: 688569) in officially listing on the STAR Market of the Shanghai Stock Exchange, raising RMB 1.18 billion. As the first China State Railway Group company to list on the STAR Market, this marks new progress in the shareholding reform of state-owned railway enterprises. Lawyer Yan Kebing and his team provided comprehensive legal services for Tieke Rail Transit’s STAR Market listing on the Shanghai Stock Exchange, including shareholding reform, IPO plan design, full-scope due diligence, prospectus review, and the issuance of legal opinions.
• Assisted Jointown Pharmaceutical Group Co., Ltd. (abbreviated as Jointown, stock code: 600998) in its private placement of preferred shares. As the only privately-owned enterprise among China’s four pharmaceutical distribution companies with revenue exceeding RMB 100 billion, Jointown’s approval and subsequent successful issuance of preferred shares optimized its capital structure, enhanced its risk resistance, further improved its profitability and overall strength, and promoted the company’s sustainable and stable development. Lawyer Yan Kebing and his team provided comprehensive, full-process legal services for this project — from plan discussions and resolution of major complex legal issues to the issuance of legal opinions at each stage — ensuring the smooth and efficient execution of the transaction.
• Assisted Tongling Nonferrous Metals Group Tongguan Mine Construction Co., Ltd. (abbreviated as Tongguan Mining Construction, stock code: 920019) in successfully listing on the Beijing Stock Exchange. Tongguan Mining Construction became the first provincial state-owned enterprise to list on the BSE. The company’s issue price was RMB 4.33, with a price-to-earnings ratio of 14.92. On the first trading day, the opening price reached RMB 33.36, demonstrating outstanding market performance. Lawyer Yan Kebing and his team provided comprehensive, full-process legal services for this issuance and listing, including due diligence, plan discussions, resolution of major complex legal issues, and the issuance of legal opinions at each stage.

• Capital markets: Debt
• Capital markets: Derivatives
• Capital markets: Equity

• Agriculture
• Consumer goods and services
• Energy
• Healthcare
• Industrials
• Mining
• Natural resources
• Pharmaceutical and life sciences
• Technology and telecommunications

• Bachelor of Engineering, Xi'an University of Technology
• Juris Master, Renmin University of China

• Served as a member of the 14th and 15th Main Board Public Offering Review Committee of the China Securities Regulatory Commission.

• PRC Bar