Freshfields Bruckhaus Deringer has advised China Zheshang Bank Co., Ltd (China Zheshang Bank) on its US$1.7bn (HK$13.18bn) IPO on the Hong Kong Stock Exchange.

The listing, which commenced trading today, is the world’s largest IPO in 2016 to date.

China Zheshang Bank is a nationwide joint-stock commercial bank in mainland China, headquartered in Hangzhou.

Freshfields advised on both the Hong Kong and US aspects of the listing.

The Freshfields team advising on the transaction was led by corporate partner Richard Wang, US corporate partner Calvin Lai and corporate counsel Jason Xu.