“Jessica’s timely communication skills are second to none, keeping everyone informed and ensuring that nothing falls through the cracks.”
– Chambers Greater China Region 2026
“Jessica is very professional and has strong technical knowledge and solid structuring advice. She always has constructive feedback to offer.”
– Chambers Greater China Region 2026
“We have worked with Jessica Zhou for a number of years and really appreciate her constructive feedback. She is commercial and always has a good understanding of what we try to achieve.”
– The Legal 500 Asia Pacific 2026
Biography
Jessica Zhou is the Office Executive Partner of the Hong Kong office and a Partner in White & Case's Capital Markets practice. She specializes in the representation of issuers, underwriters and investors in connection with Rule 144A/Regulation S, Regulation S only and SEC-registered debt and equity offerings. Her experience spans high-yield bond offerings, investment grade bond offerings, SPAC and de-SPAC transactions, US IPOs, pre-IPO investments and financial restructurings.
Jessica has been highly ranked for China Capital Markets: High Yield Products (International Firms) in Chambers Greater China 2022-2026. She has been recognized in China Business Law Journal's The A-List: Visionaries (International) 2023-24, 2024-25 and 2025-26 editions and ranked by IFLR1000 as one of the Women Leaders and Highly Regarded lawyers in Hong Kong since 2022. She was also named in the Women in Business Law Guide 2020 by Euromoney's Legal Media Group.
Prior to joining White & Case, Jessica worked at the New York and Hong Kong offices of another leading international law firm. Her experience also includes a secondment at a major international investment bank, where she advised on capital markets and merger & acquisition transactions in the Asia Pacific region.
Experience
Jessica's recent representative experience includes advising:
Debt Capital Markets
- The initial purchasers and dealer managers in several Rule 144A/Regulation S notes offerings and liability management transactions by Wynn Macau, Limited, a HKEX-listed developer and operator of destination casino resorts in Macau, most recently its US$1 billion offering of 6.750% senior notes due 2034.
- The initial purchasers on the issuance of US$540 million 6.500% senior notes by SJM International Limited, which are unconditionally and irrevocably guaranteed by SJM Holdings Limited.
- Greentown China Holdings Limited, a Chinese luxury real estate developer listed on the HKSE, on several notes offerings and liability management transactions, most recently its offering of US$300 million 7.000% senior notes due 2029.
- RRJ Capital on its investment in publicly listed US$150 million 5.85%, convertible bonds due 2025 in two tranches, issued by Luye Pharma Group Ltd., a leading HKEx-listed Chinese pharmaceutical company dedicated to the research, development, production and distribution of innovative medicines.
- The joint global coordinators, joint bookrunners and joint lead managers on the offering of US$750 million 7.625% senior notes due 2032 issued by Melco Resorts Finance Limited.
- The sole bookrunner and the joint lead managers on the offering of US$350 million 7.0% senior secured notes due 2027 issued by Studio City Company Limited, guaranteed by Studio City Investments Limited and certain of its subsidiaries.
- Maxeon Solar Technologies, Ltd. on its issuance and sale of US$207 million 7.50% Convertible First Lien Senior Secured Notes due 2027, and subsequent refinancing and recapitalization in 2024, which included the issuance of an additional US$25 million 7.50% convertible first lien senior secured notes due 2027, an exchange of approximately $200 million of 6.5% convertible senior notes due 2025 ("2025 Notes") to adjustable-rate second lien secured convertible notes due 2028, the issuance of US$95 million 9.00% first lien senior secured convertible notes due 2029, the amendment of 7.50% first lien senior secured convertible notes due 2027 into variable-rate first lien senior secured convertible notes due 2029, the issuance of certain warrants to the exchanging holders of 2025 notes, the US$100 million private placement of ordinary shares (the "PIPE") to Zhonghuan Singapore Investment and Development Pte. Ltd. and the issuance of certain warrants to the PIPE investor.
- Agricultural Bank of China New York Branch in an offering by the branch of US$700 million of senior notes under the medium-term note (MTN) program of Agricultural Bank of China Limited. The offering comprised two tranches, US$400 million of 1.50% fixed rate notes due 2025 and US$300 million of 2.00% fixed rate green notes due 2027. The proceeds from the offering of the green notes will be used to finance or refinance eligible green projects in accordance with the LMA Green Loan Principles 2021 and the ICMA Green Bond Principles 2021. The notes are listed on the Hong Kong Stock Exchange.
- The joint lead managers in connection with LMIRT Capital Pte. Ltd.'s Regulation S offering of US$250 million 7.25% Senior Guaranteed Notes due 2024. LMIRT Capital Pte. Ltd. is a subsidiary of Lippo Malls Indonesia Retail Trust ("LMIRT"). The Notes are guaranteed by Perpetual (Asia) Limited, as the trustee of LMIRT. LMIRT is a premier retail real estate investment trust ("REIT") in Asia and the first and only Indonesian retail REIT listed on the Singapore Exchange Securities Trading Limited. It was shortlisted for High Yield Deal of the Year by IFLR Asia-Pacific Awards 2020.
Equity Capital Markets
- Shandong Hi-Speed Holdings Group Ltd. in its sale of shares in Chinese data center operator VNET Group to affiliates of leading Chinese battery manufacturer CATL. The deal involved the transfer of the largest equity stake in a data center operator in China and a high-profile strategic counterparty.
- Chenghe Investment I Limited in its purchase of 2,650,000 Class B Shares and 7,900,000 private placement warrants of LatAmGrowth SPAC, a special purchase acquisition company listed on Nasdaq, from the old SPAC sponsor and the SPAC in its subsequent US$400 million business combination with Femco Steel Technology Co., Ltd., an innovative golf shaft manufacturer based in Taiwan.
- DayOne DC, a Singapore-headquartered data center and digital infrastructure provider and formerly an affiliate of US- and Hong Kong-listed GDS Holdings Limited, on its: (1) US$4.5 billion Series C equity financing; (2) US$1.2 billion Series B equity financing; and (3) US$672 million Series A equity financing of the international business operated by GDS Holdings Limited.
- Chenghe Acquisition Co., a special purpose acquisition company, on its US$115 million IPO on Nasdaq, and its subsequent US$380 million business combination with Taiwan Color Optics, Inc., an optical and 3D sensing technology company that is primarily involved in the customization, design and supply of optical components and integrated chip for various industries.
- Special purpose acquisition company Magnum Opus Acquisition Limited (NYSE: OPA) on its US$200 million initial public offering and listing on the New York Stock Exchange and, subsequently, on its definitive merger agreement with Asia Innovations Group Limited, a leading mobile social company serving emerging markets.
- Deutsche Bank, UBS and Morgan Stanley as underwriters on the US-registered secondary sell-down by a subsidiary of Crown Resorts Limited (Crown) of shares in Melco Resorts & Entertainment Limited (MREL). The transaction consisted of an underwritten offering of MREL shares owned by Crown and a borrowing by the underwriters' affiliates of American depositary shares (ADSs) from Melco Leisure and Entertainment Group, another significant shareholder of MREL, which were resold in the same underwritten public offering to hedge the dealers' exposure under cash-settled swap transactions with Crown. MREL is a developer, owner and operator of casino gaming and entertainment casino resort facilities in Asia, and its shares are listed on NASDAQ.
Financial Restructuring and Insolvency
- The joint liquidators of Tsinghua Unic Limited (In Liquidation) on the successful restructuring of Tsinghua UNIC Limited's three series of total US$2 billion guaranteed bonds, guaranteed by its PRC-incorporated parent, Tsinghua Unigroup Co., Ltd.
- The joint liquidators of Tsinghua Unic Limited (In Liquidation) on the successful restructuring of Tsinghua UNIC Limited's three series of total US$2 billion guaranteed bonds, guaranteed by its PRC-incorporated parent, Tsinghua Unigroup Co., Ltd.
Professional Highlights
The A-List: Visionaries (International), China Business Law Journal (CBLJ) 2023-2026
Band 3 for China Capital Markets: High-Yield Products (International Firms), Chambers Greater China Region 2026
Hong Kong: Women Leaders, IFLR1000 2022-2026
Among top female Capital Markets lawyers in Women in Business Law Guide (several editions), Euromoney's Legal Media Group