深圳国资局日前透露,今年深圳国资局将推动一批国有企业上市。国资上市的目标公司将主要来自深圳公用事业企业中资源相对集中、收益稳定的企业, 比如,粮食集团、免税集团以及深圳市投资控股有限公司下属众多公司都可能是目标。
尽管深圳国资规模远小于京沪津等城市,但对深圳资本市场的律师来说,国资上市提速仍然是一好消息。 据国浩深圳管理合伙人李淳介绍,目前公司上市的法律服务市场仍然被北京及上海律所占有,但这并不代表今年深圳律所就不能从国资提速中分得一份法律服务市场。由于IPO的法律服务市场越来越细化,考虑成本问题,一些公司会把上市前和上市后的一些工作交给当地律所。另外,深圳律师在IPO法律服务能力已经成长不少,今年是他们展现实力的一个好机会。
SASAC’s recent announcement that it will speed up the IPO process for the city’s SOEs is set to inundate local firms with capital markets work over the next twelve months.
The Shenzhen branch of the SASAC said that the scheme would, at this stage, only be opened to public utility enterprises that have stable profits and sound financials meaning companies like Shenzhen Grain Group, Shenzhen Duty Free Group, and affiliated companies of Shenzhen Investment Holdings Corporation are all possible IPO candidates.
Despite the relatively small size of SOEs in Shenzhen—they are dwarfed considerably by those in Beijing, Shanghai and Tianjin—the announcement is good news for capital markets lawyers in Shenzhen. Lee Chun, managing partner of Grandall in Shenzhen, predicts that it will be the city’s local firm who will be competing for mandates as capital markets work becomes more commoditised .
"Legal services in relation to IPOs has been refined considerably. Work such as governance and compliance could be given to local firms due to the higher costs of firms from Beijing and Shanghai firms who have been dominated in Shenzhen’s IPO legal services market," he said.
According to Lee, this type of work could provide a platform for their growth. He says that local firms have made good inroads in improving their service standards over the last few years and an increase in SOE Shenzhen listings could see them increase their market share locally as well as regionally.ALB