Clifford Chance and Linklaters have the lead roles in the planned $1 billion Hong Kong initial public offering of China’s Harbin Bank Co. Ltd.

Based in the northeastern city of Harbin, capital of Heilongjiang province, the lender is the latest Chinese commercial bank to seek a Hong Kong listing to increase capital adequacy ratios in response to tighter regulatory requirements.

Hong Kong became the banks’ choice for fundraising after China froze its domestic IPO market in late 2012. In November, Latham & Watkins and King & Wood Mallesons advised on a $1.2 billion Hong Kong IPO by Huishang Bank Corp. In October, Sullivan & Cromwell and Freshfields Bruckhaus Deringer had the lead roles on Bank of Chongqing Co. Ltd.’s $593 million Hong Kong listing. Both banks, as well as Harbin Bank, had planned to list in Shanghai before the IPO freeze, which was only lifted last month.

Beijing partner Tim Wang is leading a Clifford Chance team advising Harbin Bank.

Linklaters Beijing partner Pui Hong Chik is representing underwriters ABC International Holdings Ltd., BOC International Holdings Ltd., China International Capital Corp Ltd., DBS Bank Ltd., CIMB Group and J.P. Morgan Chase & Co.

Email: azhang@alm.com.