Steven Z. Wen

Corporate & Securities, Capital Markets, Liability Management


Steven Wen helps trust houses and agency institutions in their various roles (including bond trustee, security trustee, paying agent, facility agent, collateral agent, escrow agent and custodian) with a broad range of debt capital markets transactions and issues, including bond offerings, loans, consent solicitations, exchange offers, default and enforcement actions (including acceleration, winding up proceedings, and collateral enforcement), redemption, escrow arrangement, and debt document compliance. He also advises corporate trustees and creditors in restructuring and schemes of arrangement conducted by major PRC property developers.


In addition to advising most of the leading corporate trustees in Hong Kong in relation to bond offerings by companies from the PRC, Japan, Indonesia, and Australia, Steven has worked on various post-issuance matters, supporting the firm’s representation of:

  • A London-based trust house in its multiple roles (including trustee, collateral agent, calculation agent, monitoring agent, and paying agent) in connection with the scheme of arrangement carried out by Sunac China Holdings Limited (融创), a leading property developer whose shares are listed on the Main Board of The Stock Exchange of Hong Kong Limited 
  • An American multinational investment bank in its role as trustee in connection with the liability management of Xinyuan Real Estate Co., Ltd (鑫苑), a PRC residential real estate developer listed on the New York Stock Exchange


The Law Society Pro Bono and Community Work Recognition Award 2023, Bronze Award


  • England and Wales
  • Hong Kong