LEIMING CHEN: SIMPSON THACHER’S LINK TO CHINA
Updated: Aug 2, 2021
Over the course of his career, Leiming Chen has done nothing but promote Chinese companies and be an increasingly valuable asset to the Chinese Communist Party. The facts clearly back this up.
Chen began working on behalf of Chinese companies as early as 1998 while at Linklaters. Here are just a few examples of the work he has done since then:
In 2005, he advised China’s Bank of Communications on its Hong Kong IPO, raising $HK14.65 billion. He continues to work as a legal advisor to the bank to this day.
In 2007, he advised China Life Insurance Company on a Citigroup-led acquisition of Guangdong Development Bank for $3.1 billion.
In 2009, he represented Goldman Sachs Asia and JP Morgan as underwriters for an IPO of Shanda Games, one of the largest videogame companies in the country at the time.
During all of these events, Chen took additional steps that publicly display his ever increasing ties with China and its government.
He was the head of Simpson Thacher’s China practice, and they applied for a permit to have an office in Beijing right around the time Chen joined the firm.
He has attended and spoken at multiple events put on by the Chinese government including some held by the Chinese Securities Regulatory Commission.
He helped write a book called “Going Public: A Guide for Chinese Companies to Listing on the US Securities Market,” designed to layout the steps needed for any Chinese company to succeed in bringing in U.S. investment through the markets.
There is also that small factor that Chen is a Communist Party member. As of 2018, he is one of the Deputies to the 13th People's Congress of Hubei Province and a member of the 12th Hubei Provincial Committee of the Chinese People's Political Consultative Conference. As such, it is no surprise that he has worked so hard to bring foreign investment into Chinese companies as ultimately, a better economy benefits the party. The facts clearly indicate that all of Chen’s work was done with the stated objectives of the CCP in mind.
If you think that is bad, just wait until we let you know what Chen has been doing since Alibaba’s IPO. We’ll get back to that story soon.
But first, we will bring a vital as-yet unknown character into the broader story, an even more important CCP asset inside of Simpson Thacher: Celia Lam – a woman who has been representing CCP owned enterprises for just under three decades.