The Securities and Capital Markets Legal Affairs Department of Fidelity focuses on legal services related to securities and capital markets in mainland China and overseas. Fidelity is one of the first law firms in Fujian Province to obtain the qualification for securities legal business and is currently a member of the National Association of Financial Market Institutional Investors (NAFMII).

The capital markets and securities field in mainland China is one of Fidelity’s core practice areas. Fidelity is among the earliest Chinese law firms to provide legal services in the securities and capital markets sector. With a large team of professional lawyers, outstanding expertise, and extensive practical experience, Fidelity is capable of providing clients with full-process, comprehensive, and multi-perspective legal services in the capital markets. Over the years, Fidelity has offered diversified and tailored legal services to clients across various industries and stages of development, gaining profound insight and mastery of the legal systems and practical operations related to the securities and capital markets.

Fidelity’s legal service capability in the corporate and commercial field has been ranked as “Band 1 in the Eastern Coastal Region (Fujian)” by the renowned legal ranking institution Chambers and Partners for consecutive years. Chambers has also highlighted Fidelity’s “strong expertise in the corporate bond sector.”

Practice Areas of the Securities and Capital Markets Legal Affairs Department

◇Bond Issuance – Assisting clients in the registration and issuance of corporate bonds, enterprise bonds, short-term financing notes, ultra-short-term financing notes, medium-term notes, non-financial corporate debt financing instruments, debt financing plans, offshore USD bonds, and Panda bonds. Services include project review, due diligence, preparation of legal documents, issuance of legal opinions, and bond issuance witnessing.

◇Corporate Listing (IPO) – Assisting clients in applying for initial public offerings (IPO) and listings on the Shanghai Stock Exchange, Shenzhen Stock Exchange, Beijing Stock Exchange, and major overseas exchanges. Services also cover post-listing refinancing activities such as private placements, rights issues, and stock splits/mergers, as well as pre-listing restructuring, reorganization, and preparation of legal documents required for IPO applications.

◇Mergers, Acquisitions, and Restructuring of Listed Companies – Providing comprehensive legal services for acquisitions, mergers, restructuring, changes in controlling shareholders/actual controllers, employee stock ownership plans, and equity incentive schemes. Services include project review, due diligence, transaction structuring, legal documentation, and regulatory approval.

◇Private Equity Funds – Assisting clients in establishing private fund management institutions, applying for registration and major change filings, issuing, raising, and filing private fund products, and providing legal support for the investment stage including due diligence, transaction structuring, documentation, deal execution, and exit strategies.

◇Ongoing Legal Counsel for Listed and NEEQ-Listed Companies – Providing continuous legal advisory services on information disclosure, related-party transactions, corporate governance, contract review and drafting, as well as attendance and witnessing of shareholders’ meetings and other regular legal services.

◇Asset Securitization – Assisting clients in identifying underlying assets, designing transaction structures, participating in project negotiations and evaluations, drafting legal documents, and supporting regulatory approval and filing procedures. Services cover project review, due diligence, structure design, legal documentation, product issuance, registration, and listing.

◇Asset Management – Assisting banks, insurance companies, securities firms, trust companies, and private funds in issuing asset management products, conducting project reviews, performing due diligence, structuring transactions, preparing legal documents, and handling issuance and filing of asset or trust management plans.

◇Dispute Resolution Related to Securities and Capital Markets – Representing clients in disputes involving securities fraud, misrepresentation, market manipulation, defaults of debt financing instruments, and legal disputes related to companies, securities, futures, insurance, and trusts. Services include administrative reconsideration, litigation, arbitration, and alternative dispute resolution (ADR).

Fidelity’s Advantages in Corporate and Capital Market Legal Services

Professional Expertise and Extensive Experience
Fidelity has established a specialized Securities and Capital Markets Legal Affairs Department and developed a highly skilled team of lawyers dedicated to securities and capital markets practice. Most of the team members hold master’s degrees or higher and, in addition to their practicing lawyer qualifications, many possess multiple professional certifications such as securities practitioner licenses, fund management licenses, certified public accountant (CPA), certified tax agent, and patent attorney qualifications—making them versatile professionals. Over nearly 30 years of specialized legal service, Fidelity has successfully completed numerous securities and capital market projects, accumulating extensive professional experience and earning top-tier honors such as “Civilized Law Firm at the Ministerial Level” and “National Excellent Law Firm,” awarded by the Ministry of Justice.

Specialized Division of Labor and Collaborative Practice
Specialized collaboration is one of Fidelity’s core strengths. With a team of approximately 400 lawyers, the firm has established 16 specialized departments, including the Securities Legal Affairs Department, Real Estate and Construction Engineering Department, Financial Legal Affairs Department, International Legal Affairs Department, Maritime Law Department, Criminal Law Department, Labor Law Department, and Intellectual Property Department. This structure enables Fidelity to provide clients with comprehensive legal services across diverse practice areas. Guided by the principle of delivering the highest quality of service, Fidelity assigns the most experienced lawyers from relevant departments to lead integrated and multidimensional legal solutions tailored to each client’s specific legal challenges.

The Strong Academic and Research Support of Xiamen University School of Law
The strong academic and research capabilities of the Xiamen University School of Law constitute one of Fidelity’s key comparative advantages. The School of Law at Xiamen University is home to numerous renowned scholars who also serve as part-time lawyers at Fidelity’s Xiamen University branch. Leveraging this collaboration, Fidelity has established a unique “Expert Lawyer System” within Fujian’s legal community. Legal experts from Xiamen University serve as specialized consultants in various departments according to their expertise—offering authoritative opinions on complex legal issues and translating cutting-edge academic research into practical legal solutions. The ability to draw upon the robust academic resources of Xiamen University School of Law represents a distinctive advantage for Fidelity.

International Joint Operations Providing Integrated Cross-Border Legal Services
Fidelity has established a joint operation with Hogan Lovells, one of the world’s leading international law firms, setting up a joint office in the Shanghai Free Trade Zone to conduct legal practice. This partnership makes Fidelity the first law firm in Fujian Province and the third in China to form a joint operation with a foreign law firm. Through this alliance, Fidelity and Hogan Lovells provide integrated legal services that combine expertise in both international and Chinese law for clients conducting business domestically and globally. Fidelity also employs more than ten Taiwan-licensed lawyers—the highest number among mainland Chinese law firms. Additionally, Fidelity has built long-term cooperative relationships with law firms and accounting firms in Central Asia, Taiwan, Europe, and the United States, thereby enhancing its capacity to deliver comprehensive legal services for clients involved in cross-border capital market transactions.

Integrity and Pragmatism as the Foundation of Excellence
An unwavering commitment to integrity and pragmatism forms the cornerstone of Fidelity’s ability to deliver exceptional legal services. Honesty, diligence, and continuous progress are the firm’s guiding principles and the hallmark of every Fidelity lawyer’s professional conduct. Upholding this spirit of integrity and practicality, Fidelity remains steadfast in its pursuit of providing clients with high-quality, trustworthy, and results-oriented legal services.

Fidelity’s Representative Achievements in Corporate and Capital Market Legal Services

Bond Issuance

◇Zhangzhou Economic Development Group Co., Ltd. — 2025 Private Placement of Corporate Bonds (Tranche I) for Professional Investors.

◇Nanping Wuyi Development Group Co., Ltd. — 2025 Private Placement of Corporate Bonds (Tranche I) for Professional Investors.

◇Xiamen Xiangye Group Co., Ltd. — 2025 First Tranche of Super Short-Term Financing Notes.

◇Nanping Wuyi New District Investment and Development Group Co., Ltd. — 2025 Private Placement of Corporate Bonds (Tranche I) for Professional Investors.

◇Nanping Wuyi New District Investment and Development Group Co., Ltd. — 2025 Private Placement of Corporate Bonds (Tranche II) for Professional Investors.

◇Nanping Wuyi New District Investment and Development Group Co., Ltd. — 2025 Private Placement of Corporate Bonds (Tranche III) for Professional Investors.

◇Nanping Wuyi Development Group Co., Ltd. — 2025 First Tranche of Medium-Term Notes.

◇Quanzhou Urban Construction Group Co., Ltd. — 2025 Public Issuance of Corporate Bonds (Tranche I) for Professional Investors.

◇Xiamen Airlines Co., Ltd. — 2025 First Tranche of Super Short-Term Financing Notes.

◇Quanzhou Urban Construction Group Co., Ltd. — 2024 Third Tranche of Medium-Term Notes.

◇Quanzhou Urban Construction Group Co., Ltd. — 2024 Second Tranche of Medium-Term Notes.

◇Quanzhou Urban Construction Group Co., Ltd. — 2024 First Tranche of Medium-Term Notes.

◇Nanping Wuyi New District Investment and Development Group Co., Ltd. — 2024 Private Placement of Corporate Bonds (Tranche IV) for Professional Investors.

◇Nanping Wuyi New District Investment and Development Group Co., Ltd. — 2024 Private Placement of Corporate Bonds (Tranche III) for Professional Investors.

◇Nanping Wuyi New District Investment and Development Group Co., Ltd. — 2024 Private Placement of Corporate Bonds (Tranche II) for Professional Investors.

◇Nanping Wuyi New District Investment and Development Group Co., Ltd. — 2024 Private Placement of Corporate Bonds (Tranche I) for Professional Investors.

◇Quanzhou Jiangnan Urban Construction Group Co., Ltd. — 2024 First Tranche of Targeted Debt Financing Instruments.

◇Nanping Wuyi New District Investment and Development Group Co., Ltd. — 2024 Third Tranche of Medium-Term Notes.

◇Nanping Wuyi New District Investment and Development Group Co., Ltd. — 2024 Second Tranche of Medium-Term Notes.

◇Nanping Wuyi New District Investment and Development Group Co., Ltd. — 2024 First Tranche of Medium-Term Notes.

◇Xiamen Xiangye Group Co., Ltd. — 2024 Series of Super Short-Term Financing Notes (Tranches I–V).

◇Longyan Transportation Development Group Co., Ltd. — 2024 Private Placement of Corporate Bonds (Tranche I) for Professional Investors.

◇Longyan Transportation Development Group Co., Ltd. — 2024 Private Placement of Corporate Bonds (Tranche II) for Professional Investors.

◇Longyan Transportation Development Group Co., Ltd. — 2024 Private Placement of Corporate Bonds (Tranche III) for Professional Investors.

◇Sanming Transportation Construction and Development Group Co., Ltd. — 2024 Private Placement of Corporate Bonds (Tranche I) for Professional Investors.

◇Sanming Investment and Development Group Co., Ltd. — 2024 Private Placement of Corporate Bonds (Tranche II) for Professional Investors.

◇Nanping Wuyi New District Investment and Development Group Co., Ltd. — 2023 First Tranche of Targeted Debt Financing Instruments.

◇Nanping Wuyi New District Investment and Development Group Co., Ltd. — 2023 Second Tranche of Medium-Term Notes.

◇Nanping Wuyi New District Investment and Development Group Co., Ltd. — 2023 First Tranche of Medium-Term Notes.

◇Xiangyu Real Estate Group Co., Ltd. — 2023 Public Issuance of Specialized Corporate Bonds for Housing Rental (Tranche I) for Professional Investors.

◇Quanzhou Quangang New City Investment Co., Ltd. — 2023 Private Placement of Corporate Bonds (Tranche I) for Professional Investors.

◇Quanzhou Urban Construction Group Co., Ltd. — 2023 Public Issuance of Corporate Bonds (Tranche I) for Professional Investors.

◇Quanzhou Urban Construction Group Co., Ltd. — 2023 Third Tranche of Wealth Management Direct Financing Instruments.

◇Quanzhou Urban Construction Group Co., Ltd. — 2023 Second Tranche of Wealth Management Direct Financing Instruments.

◇Xiamen Xiangye Group Co., Ltd. — 2023 Series of Super Short-Term Financing Notes (Tranches I–III).

◇Sanming Transportation Construction and Development Group Co., Ltd. — 2023 Private Placement of Corporate Bonds (Tranche I) for Professional Investors.

◇Xiamen Asset Management Co., Ltd. — 2023 First Tranche of Targeted Debt Financing Instruments.

◇Quanzhou Jiangnan Urban Construction Group Co., Ltd. — 2023 Private Placement of Corporate Bonds (Tranche I) for Professional Investors.

◇Quanzhou Urban Construction Group Co., Ltd. — 2022 Public Issuance of Corporate Bonds (Tranche I) for Professional Investors.

◇Quanzhou Urban Construction Group Co., Ltd. — 2022 First Tranche of Super Short-Term Financing Notes.

◇Quanzhou Urban Construction State-Owned Asset Investment Co., Ltd. — 2022 First Tranche of Medium-Term Notes.

◇Xiamen Airlines Co., Ltd. — 2022 First Tranche of Green Medium-Term Notes.

◇Sanming Investment and Development Group Co., Ltd. — 2022 Public Issuance of Corporate Bonds (Tranche I) for Professional Investors.

◇Xiamen Xiangye Group Co., Ltd. — 2022 Public Issuance of Corporate Bonds (Tranche III) for Professional Investors.

◇Xiamen Xiangye Group Co., Ltd. — 2022 Public Issuance of Corporate Bonds (Tranche II) for Professional Investors.

◇Xiamen Xiangye Group Co., Ltd. — 2022 Public Issuance of Corporate Bonds (Tranche I) for Professional Investors.

◇Xiamen Xiangye Group Co., Ltd. — 2022 Series of Super Short-Term Financing Notes (Tranches I–XIV).

◇Quanzhou Urban Construction State-Owned Asset Investment Co., Ltd. — 2022 First Tranche of Medium-Term Notes.

◇Xiamen International Port Co., Ltd. — 2022 Public Issuance of Corporate Bonds (Tranche I) for Professional Investors.

◇Quanzhou Quangang District State-Owned Capital Investment and Operation Co., Ltd. — 2022 First Tranche of Targeted Debt Financing Instruments.

◇Xiamen Xiangye Group Co., Ltd. — 2021 Public Issuance of Corporate Bonds (Tranche III) for Professional Investors.

◇Xiamen Xiangye Group Co., Ltd. — 2021 Public Issuance of Corporate Bonds (Tranche II) for Professional Investors.

◇Xiamen Xiangye Group Co., Ltd. — 2021 Public Issuance of Corporate Bonds (Tranche I) for Professional Investors.

◇Xiamen Xiangye Group Co., Ltd. — 2021 Series of Super Short-Term Financing Notes (Tranches I–XXIV).

◇Quanzhou Urban Construction Group Co., Ltd. — 2021 Public Issuance of Corporate Bonds (Tranche I) for Professional Investors.

◇Quanzhou Urban Construction Group Co., Ltd. — 2021 First Tranche of Targeted Debt Financing Instruments.

◇Quanzhou Urban Construction Group Co., Ltd. — 2021 Second Tranche of Targeted Debt Financing Instruments.

◇Quanzhou Urban Construction Group Co., Ltd. — 2021 Public Issuance of Corporate Bonds (Tranche I) for Professional Investors.

◇Quanzhou Urban Construction Group Co., Ltd. — 2021 Public Issuance of Corporate Bonds (Tranche II) for Professional Investors.

◇Quanzhou Transportation Development Group Co., Ltd. — 2021 First Tranche of Medium-Term Notes.

◇Quanzhou Quangang District State-Owned Capital Investment and Operation Co., Ltd. — 2021 Third Tranche of Targeted Debt Financing Instruments.

◇Quanzhou Quangang District State-Owned Capital Investment and Operation Co., Ltd. — 2021 Second Tranche of Targeted Debt Financing Instruments.

◇Quanzhou Quangang District State-Owned Capital Investment and Operation Co., Ltd. — 2021 First Tranche of Targeted Debt Financing Instruments.

◇Putian Licheng District State-Owned Asset Investment Co., Ltd. — 2021 First Tranche of Targeted Debt Financing Instruments.

◇Xiamen Xinda Co., Ltd. — 2021 First Tranche of Debt Financing Plan, with Fidelity Law Firm serving as Special Legal Counsel to the Issuer.

◇Xiamen Xinda Co., Ltd. — 2021 Second Tranche of Debt Financing Plan, with Fidelity Law Firm serving as Special Legal Counsel to the Issuer.

◇Quanzhou Urban Construction Group Co., Ltd. — 2020 First Tranche of Super Short-Term Financing Notes.

◇Quanzhou Urban Construction Group Co., Ltd. — 2020 First Tranche of Medium-Term Notes.

◇Quanzhou Quangang District Water Conservancy and Water Affairs Construction and Development Co., Ltd. — 2020 Private Placement of Corporate Bonds (Tranche I).

◇Quanzhou Quangang District State-Owned Capital Investment and Operation Co., Ltd. — 2020 Private Placement of Corporate Bonds (Tranche II).

◇Quanzhou Quangang District State-Owned Capital Investment and Operation Co., Ltd. — 2020 Private Placement of Corporate Bonds (Tranche I).

◇Xiamen Xiangye Group Co., Ltd. — 2020 Public Issuance of Corporate Bonds for Professional Investors.

◇Xiamen International Port Co., Ltd. — 2020 Public Issuance of Corporate Bonds for Professional Investors.

◇Xiamen Airlines Co., Ltd. — 2020 Series of Super Short-Term Financing Notes (Tranches I–X).

◇Xiamen Xiangye Group Co., Ltd. — 2020 Series of Super Short-Term Financing Notes (Tranches I–XXII).

◇Quanzhou Urban Construction Group Co., Ltd. — 2020 First Tranche of Annual Super Short-Term Financing Notes.

◇Quanzhou Urban Construction Group Co., Ltd. — 2020 Second Tranche of Annual Super Short-Term Financing Notes.

◇Quanzhou Urban Construction Group Co., Ltd. — 2020 First Tranche of Annual Medium-Term Notes.

◇Quanzhou Urban Construction Group Co., Ltd. — 2020 Second Tranche of Annual Medium-Term Notes.

◇Quanzhou Transportation Development Group Co., Ltd. — 2020 First Tranche of Annual Medium-Term Notes.

◇Quanzhou Transportation Development Group Co., Ltd. — 2020 Second Tranche of Annual Medium-Term Notes.

◇Xiamen Airlines Co., Ltd. — 2019 Series of Super Short-Term Financing Notes (Tranches I–XII).

◇Xiamen Xiangye Group Co., Ltd. — 2019 Series of Super Short-Term Financing Notes (Tranches IV–VIII).

◇Quanzhou Urban Construction Group Co., Ltd. — 2019 First Tranche of Annual Super Short-Term Financing Notes.

◇Quanzhou Urban Construction Group Co., Ltd. — 2019 Second Tranche of Annual Super Short-Term Financing Notes.

◇Putian Urban Construction Investment and Development Group Co., Ltd. — 2019 First Tranche of Targeted Debt Financing Instruments.

◇Quanzhou Urban Construction State-Owned Asset Investment Co., Ltd. — 2018 First Tranche of Medium-Term Notes.

◇Quanzhou Urban Construction Group Co., Ltd. — 2018 First Tranche of Short-Term Financing Notes.

◇Quanzhou Urban Construction Group Co., Ltd. — 2018 First Tranche of Super Short-Term Financing Notes.

Asset securitization

◇Mercedes-Benz Auto Finance Co., Ltd. “Suli Yin Feng China 2016 Phase II” Personal Auto Loan-Backed Securities Project — Fidelity acted as legal counsel for the issuer, Mercedes-Benz Finance.

◇Huifu–Datang Fuxin 2018 First Tranche of Accounts Receivable Debt Financing Plan — Fidelity served as legal counsel for the borrower.

◇Huifu–Datang Fuxin 2019 First Tranche of Accounts Receivable Debt Financing Plan — Fidelity served as legal counsel for the borrower.

◇Huifu–Datang Fuxin 2020 First Tranche of Accounts Receivable Debt Financing Plan — Fidelity served as legal counsel for the borrower.

◇Xiangyu Real Estate Group Co., Ltd. 2020 Second Tranche of Debt Financing Plan — Fidelity served as legal counsel for the borrower.

◇Xiangyu Real Estate Group Co., Ltd. 2020 Third Tranche of Debt Financing Plan — Fidelity served as legal counsel for the borrower.

◇Ping An–Xiangyu Real Estate–Xiamen Free Trade Financial Center Asset-Backed Special Plan — Fidelity served as legal counsel for the borrower.

◇Ping An–Xiangyu Home Purchase Balance Asset-Backed Special Plan (Second Round of Follow-up Asset Purchases during the Plan’s Term) — Fidelity served as legal counsel for the borrower.

◇Ping An–Xiangyu Home Purchase Balance Asset-Backed Special Plan (Third Round of Follow-up Asset Purchases during the Plan’s Term) — Fidelity served as legal counsel for the borrower.

◇Ping An–Xiangyu Home Purchase Balance Asset-Backed Special Plan (Fourth Round of Follow-up Asset Purchases during the Plan’s Term) — Fidelity served as legal counsel for the borrower.

◇Ping An–Xiangyu Home Purchase Balance Asset-Backed Special Plan (Fifth Round of Follow-up Asset Purchases during the Plan’s Term) — Fidelity served as legal counsel for the borrower.

◇Ping An–Xiangyu Home Purchase Balance Asset-Backed Special Plan (Sixth Round of Follow-up Asset Purchases during the Plan’s Term) — Fidelity served as legal counsel for the borrower.

◇Ping An–Xiangyu Home Purchase Balance Asset-Backed Special Plan (Seventh Round of Follow-up Asset Purchases during the Plan’s Term) — Fidelity served as legal counsel for the borrower.

◇Ping An–Xiangyu Home Purchase Balance Asset-Backed Special Plan (Eighth Round of Follow-up Asset Purchases during the Plan’s Term) — Fidelity served as legal counsel for the borrower.

Listed Company Financing and Mergers & Acquisitions

◇Zhengbang Technology (Stock Code: 002157), Zhengbang Group, and its 10 subsidiaries — Consolidated Bankruptcy Reorganization Project. Served as legal counsel for potential strategic and financial investors. Zhengbang Group is one of China’s leading pig farming enterprises and the largest private company in Jiangxi Province. The project involves debts exceeding RMB 50 billion and has significant regional influence. Fidelity conducted legal due diligence and analysis, issued due diligence reports, reviewed and revised key documents such as the restructuring investment plan, draft reorganization plan, investment agreement, and partnership agreements, and participated in critical negotiations with administrators, debtors, creditors, and government task forces.

◇ST Aonong (Stock Code: 603363), Aonong Investment and its subsidiaries — Bankruptcy Reorganization Project. Served as legal advisor to the local government task force, overseeing and participating in the entire reorganization process, including reviewing and amending investment and restructuring plans, reorganization agreements, and attending key negotiations with administrators, debtors, creditors, and government representatives.

◇Lingda Co., Ltd. (Stock Code: 300125) — Major Asset Acquisition and Restructuring Project. Acted as legal counsel for the acquirer.

◇Lingda Co., Ltd. (Stock Code: 300125) — Sale of 51% Equity in Subsidiary Shanghai Yiweishi Technology Co., Ltd. Acted as legal counsel for the seller.

◇Lingda Co., Ltd. (Stock Code: 300125) — Employee Stock Ownership Plan Project. Served as legal counsel for the listed company.

◇Lingda Co., Ltd. (Stock Code: 300125) — Change of Ultimate Controller Project. Acted as legal counsel for the seller.

◇ST Yonglin (Stock Code: 000663) — Change of Controlling Shareholder and Actual Controller Project. Acted as legal counsel for the seller.

◇Zhuoyi Technology (Stock Code: 002369) — Acquisition of 100% Equity in Subsidiary Zhongguang Hulian (Xiamen) Information Technology Co., Ltd. Acted as legal counsel for the acquirer.

◇Long-term legal counsel for Lingda Co., Ltd. (Stock Code: 300125), providing advisory services for major asset restructurings, private placements, change of actual controllers, pre-bankruptcy reorganizations, employee stock ownership plans, mergers and acquisitions, shareholder meeting attestations, and daily compliance matters.

◇Long-term legal counsel for Double Medical Technology Inc. (Stock Code: 002901), providing services in corporate governance, shareholder meeting attestations, and routine legal compliance.

◇Xiamen Jiuzhe Electric Co., Ltd. — Application for Listing on the National Equities Exchange and Quotations (NEEQ). Served as legal counsel for the listing company.

◇Fujian Futong Auto Services Co., Ltd. — Application for Listing on the NEEQ. Served as legal counsel for the listing company.

◇Tianli Renhe Property Services Co., Ltd. — Application for Listing on the NEEQ. Served as legal counsel for the listing company.

◇Lead counsel for Xingyu (Holdings) Co., Ltd. in its listing on the Hong Kong Stock Exchange (HKEX IPO), serving as special PRC legal advisor to the issuer and issuing legal opinions on matters related to Chinese law.