Paul Hastings has picked up a pair of new capital markets partners, Samuel Ng and Jason Kuo, for its office in Hong Kong.

Ng joins from Morrison & Foerster, where he was of counsel, advising on debt and equity securities offers. Earlier this year, he acted for the underwriters on food and beverage company Tsit Wing International Holdings Ltd.’s $68 million Hong Kong listing.

Earlier in his career, Ng worked in the Hong Kong Stock Exchange’s listing department, where he reviewed listing applications and oversaw compliance of listed companies.

Kuo was previously a partner at Troutman Sanders in Hong Kong. In May, the Atlanta-based Am Law 100 firm announced the closure of its three offices in Asia, a move that came amid merger talks with Texas-based Winstead. Those talks ended in July without an agreement to combine operations.

Troutman Sanders hired Kuo in 2016 from Sidley Austin, where he spent 18 years. He first joined legacy firm Brown & Wood’s Hong Kong office in 1998 after two years at Baker McKenzie in Singapore. He stayed at Brown & Wood through its merger with Sidley in 2001, a year in which the firm saw five floors of offices at the World Trade Center in Manhattan destroyed in the terrorist attacks of Sept. 11. Kuo made partner at the combined firm in 2008.

Kuo specializes in advising on securities offers and general corporate matters. In 2014, he counseled property developer Sunshine 100 China Holding Ltd. on a $258 million Hong Kong listing.

Paul Hastings is strengthening its capital markets practice in Hong Kong as firms are expecting an uptick in listings in the city thanks to the Hong Kong Stock Exchange’s listing rule change in April, a move that allows companies to list with dual-class shares, as well as pre-revenue biotechnology companies and secondary listings of overseas-listed companies.

Last week, Paul Hastings partners Nan Li in Beijing and Steven Winegar in Hong Kong advised the joint sponsors on a $400 million IPO in Hong Kong by Chinese biotechnology company Ascletis Pharma Inc.

Other firms have also sought to bolster their capital markets expertise in Hong Kong in recent months.

King & Wood Mallesons recruited counsel Anthony Jacobsen from the HKSE itself, while Latham & Watkins added two counsel from Sidley and Kirkland & Ellis. The latter recruited former Shearman & Sterling associate Wanda Woo as a partner in June.