Bai Hemin focuses on major, complex, and cutting-edge dispute resolution in the capital markets. She is dedicated to providing comprehensive dispute resolution legal services to various enterprises, investment institutions, financial institutions, entrepreneurs, and corporate executives. Her primary practice areas include litigation and arbitration arising from securities, asset management, and corporate investment and financing activities. She has extensive experience particularly in disputes over misrepresentation liability, manager liability, asset management and fund breach/tort disputes, and investment exit disputes. Ms. Bai is skilled at precisely identifying the core issues in complex cases, digging deep into key details, and finding effective breakthrough strategies. She has represented numerous listed companies, large state-owned enterprises, and financial institutions such as banks and trust companies, achieving favorable outcomes in many difficult and complex cases.

Her representative clients include well-known institutions and enterprises such as China Merchants Bank, Bank of China, Ping An, Luxshare, China Orient Asset Management, China Resources Trust, Guangxi Financial Investment Group, Zhongshan Securities, and the Nanshan District Government. Ms. Bai places great emphasis on understanding clients' commercial needs and the underlying transaction logic. She is adept at integrating legal expertise with commercial acumen to provide practical, professional, and tailored solutions. Her professional competence and dedication are widely recognized by clients.

• Represented a subsidiary of a state-owned financial holding group in a contract dispute with a real estate development company and a municipal investment company (disputed amount: RMB 700 million). After the client lost entirely at first instance and faced highly unfavorable factual findings in another Supreme People's Court judgment, we secured a Supreme People's Court ruling to remand the case for retrial, and ultimately achieved a complete victory at the second retrial of second instance, with all of the opposing party's claims dismissed. The case involved difficult legal issues such as equity transfer guarantee and determination of malicious collusion, and was complicated by multiple related cases and parties, setting a benchmark for similar cases.
• Represented the controlling shareholder of a listed company in a dispute with a large state-owned enterprise over a private placement guaranteed return agreement before the Wuhan Intermediate People's Court and the Hubei High People's Court (disputed amount: approximately RMB 120 million), obtaining a total victory with all of the opposing party's principal claims dismissed and our counterclaims upheld. This case was selected as a "2025 Shenzhen Lawyers Business Reference Case."
• Represented a Shenzhen-based group company in a series of disputes over a cooperative real estate development contract with a real estate company and a hotel company, involving a land parcel in the center of Shenzhen. We designed multiple remedial paths for the client and handled retrial, procuratorial supervision, first instance and second instance after remand for retrial, and third-party revocation actions across multiple proceedings. After four years, we achieved a comprehensive victory, recovering potential losses of over RMB 1 billion. This case was listed in the China Business Law Journal's "Deals of the Year 2023" under "Domestic Dispute Resolution."
• Represented a large state-owned bank in a dispute with the controlling shareholder of a listed company over a private placement guaranteed return agreement (disputed amount: nearly RMB 800 million). The case proceeded through the Shenzhen Intermediate People's Court, the Guangdong High People's Court, and the Supreme People's Court. Against the backdrop of tightening financial regulation and widespread judicial invalidation of such agreements, we thoroughly demonstrated from regulatory policy, transaction background, and performance history that the client should not be required to return the guaranteed amounts already received. Our arguments were adopted at all three levels, including the retrial, achieving a breakthrough result that protected the client from massive financial loss. This case provides important reference for financial institutions handling similar legacy business and has significant industry value.
• Represented a Fortune Global 500 subsidiary in a series of contract disputes with a large bank (disputed amount: RMB 3.8 billion). The transaction structure was complex and involved cross-over between civil and criminal matters. The case was initially deadlocked due to criminal proceedings and jurisdictional challenges. We effectively overcame these procedural obstacles, advanced the case to substantive trial, thoroughly analyzed the transaction's essence and regulatory trends, accurately identified the core issues, and devised a comprehensive solution from both commercial and legal perspectives, ultimately facilitating a settlement that fully recovered the client's losses.
• Represented an entrepreneur in a long-running and procedurally complex equity transfer dispute. The client had lost at first instance, second instance, retrial of first instance, retrial of second instance, and even in a retrial before the Supreme People's Court. With the facts already crystallized through successive judgments and no new evidence available, we reconstructed the transaction facts from multiple angles to effectively reverse the unfavorable judicial mindset formed in earlier proceedings, precisely exposed the contradictions in the opposing party's key statements, and clarified the proper application of "malicious collusion." We successfully secured a protest from the procuratorate and a retrial judgment in our favor from the Hainan High People's Court, achieving a complete reversal of the case. Both the procuratorate's protest and the retrial judgment adopted our arguments in large part, making this a classic example of successfully overturning a case through procuratorial supervision.
• Represented a major asset management company in a fund investment exit dispute with the controlling shareholder of a listed company (disputed amount: nearly RMB 1.2 billion). Faced with ambiguous fund contract terms, poor underlying asset conditions, and significant legal obstacles to exit, we conducted thorough legal analysis and evidence preparation before litigation, precisely filling contractual gaps and solidifying key facts, laying a strong foundation for the litigation. We ultimately achieved a complete victory at both the Shenzhen Intermediate People's Court and the Guangdong High People's Court. During the enforcement stage, we efficiently coordinated the disposal of listed company shares and participated in the distribution of another case, securing a substantial recovery for the client.
• Represented the controlling shareholder of a listed company in an arbitration over a performance compensation clause in a contract dispute with an investment company (disputed amount: approximately RMB 41 million). The performance compensation clause was clear and stringent, exposing the client to high compensation risk. We conducted an in-depth analysis of the nature of performance compensation mechanisms and successfully persuaded the arbitral tribunal to take into account the balance of shareholders' interests and the reasonableness of the performance commitment, ultimately reducing the compensation amount from RMB 41 million to approximately RMB 6.3 million, significantly easing the client's performance burden and maximizing its lawful rights and interests.
• Represented the major shareholder of a well-known enterprise in internal company disputes with minority shareholders. Faced with seven series of lawsuits initiated by minority shareholders over three years, our team strategically coordinated all proceedings and achieved comprehensive victories at first instance, second instance, retrial, and enforcement stages, ultimately forcing the minority shareholders to reach a settlement with the major shareholder and withdraw or abandon all pending cases. Our legal services helped the client successfully resist unreasonable claims from minority shareholders, restored the company to normal operations, and avoided substantial losses.
• Represented a shareholder of a listed company in a securities misrepresentation liability dispute with more than a dozen individuals and a law firm before the Chengdu Intermediate People's Court. Despite the regulatory authority having issued an administrative penalty decision for undisclosed shareholding arrangements, we focused our defense on the arguments that "the misrepresented information lacked materiality" and "there was no causal link between the misrepresentation and the investors' trading decisions," ultimately winning the court's support and having all of the plaintiffs' claims dismissed.
• Represented an institutional investor in a misrepresentation liability dispute arising from a non-publicly issued corporate bond with an issuance amount of approximately RMB 900 million and a claim of about RMB 20 million, suing various intermediaries for misrepresentation liability. The final effective judgment supported our claims and ordered the intermediaries to bear compensation liability, recovering losses for the client.