The Chinese firm Fangda Partners has hired Shearman & Sterling's Hong Kong capital markets team headed by Asia capital markets team leader Colin Law.

The four-lawyer team also includes Hong Kong partner Peter Chen, one counsel and one associate. A start date and details of the transition are still being worked out. Fangda and Shearman will collaborate on ongoing projects during the transition period.

Law and Chen, both Hong Kong-qualified, advise on listings and transactions related to the Hong Kong Stock Exchange. Last month, Law represented the underwriters, including Goldman Sachs and UBS, on Shanghai-based drugmaker Hua Medicine Ltd.'s $110 million initial public offering in Hong Kong. In 2016, both Law and Chen represented the underwriters on power generator maker VPower Group International Holdings Ltd.'s $208 million Hong Kong listing.