1st Principle首则资本 Hong Kong · Beijing
Independent boutique investment bank 独立精品投资银行

We reduce every deal to its first principles. 把每一笔交易,还原到它的首要原理

Senior-led, cross-border advice for founders, shareholders, and investors — in the moments that decide a company's path.

Founded 2021
Hong Kong · Beijing
Cross-border · Senior-led
01 — Practice 业务

What we do.我们做什么

A deliberately small firm. Clients work directly with senior advisers, on the few mandates where independent judgment and cross-border execution genuinely matter.

01

Cross-border M&A跨境并购

Sell-side and buy-side — positioning, valuation, process, and negotiation through to close.

02

Capital raising资本募集

Growth capital, strategic investment, and institutional investor processes.

03

SPAC & De-SPACSPAC 发起与 De-SPAC 合并

Sponsoring and structuring SPAC vehicles, and executing the De-SPAC merger through to a public listing.

04

Strategic & board advisory战略与董事会顾问

Strategic investor access, financing strategy, and transaction alternatives at the board level.

02 — Perspective 视角

An operator's view of the deal.

Most advice starts from precedent. We start from the problem itself — the incentives, the timing, and what the market will actually believe. The work is to make a transaction credible, and executable.

  • Background 背景More than a decade in China's TMT sector, across corporate development, capital markets, and early-stage investing.
  • Seat 位置Corporate-governance and capital-markets roles at a U.S.-listed Chinese internet company.
  • Focus 关注Incentives, timing, and closing risk — the variables that decide whether a deal gets done.
03 — Contact 联系

For confidential
conversations.如需一次保密的交流

We work with a selected number of clients, where independent advice and cross-border execution truly matter. Conversations are held in confidence.

Start a conversation 开始交流