Allen and Overy (A&O) has taken on one of Shearman & Sterling’s Beijing partners to bolster the magic circle firm’s attack on China. Xiaowei Ye, a US-qualified corporate partner, will initially be based in A&O’s Beijing office, but will relocate to Shanghai in November as part of the firm’s expansion there. Ye has advised on a number of prominent Securities and Exchange Commission transactions for companies including China Aluminium, PetroChina and China Mobile. She also recently advised Bank of China on its restructuring and equity offering.