On May 22, 2020, the application for the public issuance of RMB 8 Billion of convertible corporate bonds by SDIC Capital Co., Ltd. (the “Issuer”) was approved without hearing by the 18th Issuance Examination Committee of China Securities Regulatory Commission (CSRC). This project is an example of adopting the new rule of “reasonable shareholding ratio” in the market to complete the approval procedure of state-owned assets and to enhance the liquidity and efficiency of state-owned capital after t
View the detailsOn April 30, 2020, India made the final ruling on the sunset review of its anti-dumping duties against sodium citrate from China, and officially issued a taxation order on May 19, 2020. Partner Vivian Wang and her team from East & Concord Partners represented Jiangsu Guoxin Union Energy Co., Ltd. (hereinafter referred to as “Guoxin Union”) to successfully reduce the anti-dumping duty rate from US$367.59/ton to US$96.05/ton, and obtained the national minimum tax. In this case, Guoxin Union became
View the detailsIn September 2019, Shujie Zhao and Dorje Zhai, partners of East & Concord Partners, were selected as Perennial Legal Counsel of Xinhua News Agency after the selection process to provide legal advisory services for Xinhua News Agency in the fields of corporate, contract, tax, state-owned asset management and foreign related affairs. For many years East & Concord Partners has provided legal services for governmental departments, government authorities and public institutions such as the Nati
View the detailsThe total issuance scale of this special plan is RMB 5 billion, the underlying assets are financial leasing bonds issued by Haitong Unitrust to small and micro enterprises. Haitong Unitrust International Leasing Co., Ltd. (“Haitong Unitrust”) will serve as the original equity holder; Haitong Securities Co., Ltd. (“Haitong Securities”) the sales agency; Shanghai Haitong Securities Asset Management Co., Ltd the plan administrator; East & Concord Partners Shenzhen Office is responsible for the leg
View the detailsOn October 17, 2017, Haitong Unitrust International Leasing Co., Ltd. (hereinafter referred to as “Haitong Unitrust) successfully registered the private placement note (PPN) with a registered amount of RMB 3 billion. Haitong Unitrust was the principal underwriter and bookrunner with Industrial Bank Co., Ltd. acting as the joint principal underwriter. On February 26, 2018, Haitong Unitrust successfully registered the first Medium Term Note (MTN) in 2018 with a registered amount of RMB 1.8 billion
View the detailsOn February 1, 2018, the China Investment Securities—Deyuan Factoring—China Construction Eighth Engineering Division Corp. Ltd. Supply Chain Finance Asset-backed Special Plan obtained the No Objection Letter to the Listing Transfer of Asset-backed Securities of the China Investment Securities—Deyuan Factoring—China Construction Eighth Engineering Division Corp. Ltd. Supply Chain Finance Asset-backed Special Plan (No. 134 Shanghai Stock Exchange Letter [2018]) from the Shanghai Stock Exchange. Th
View the detailsOn December 30, 2017, Beijing’s first medium-low speed maglev line S1 with independent intellectual property started its trial operation officially. The magnetic levitation S1 line is a demonstration line of medium-low speed maglev transportation. Its trial operation marks the successful landing of research and development of medium-low speed maglev technology. The operation of S1 line will efficiently improve the external traffic situation of Mentougou New Area and play a positive role in the a
View the detailsBeing one of the first featured town projects selected by Jiangxi Provincial Development and Reform Commission and Jiangxi Department of Housing and Urban-rural Development in August 2017, this project is a major project of Jiangxi Province, and is applying for the fourth PPP demonstrative projects of the Ministry of Finance. Nankang District People’s Government plans to, by implementing this project, realize the upgrading and transformation of the furniture industry, the local pillar industry,
View the detailsOn July 10, 2017, the Anti-Dumping Commission of the Australian Government made the final judgment on the new shipper review in its anti-dumping and countervailing investigation into aluminum products that were imported from China. The Chinese enterprise presented by Vivian Wang, partner of East & Concord Partners, successfully won the new shipper status and a combined anti-dumping and countervailing duty rate of 0.2%.
View the detailsGreen bonds are bond products that have been vigorously launched by Shanghai Stock Exchange since the second half of 2016, and bond varieties that are lavishly promoted by regulators such as The People’s Bank of China and China Securities Regulatory Commission. Green bonds are suitable for green environmental protection enterprises. The corporate bonds that were successfully issued by client Beijing Capital Co., Ltd. with the assistance of East & Concord Partners were the first innovative privat
View the detailsThe EU filed a case on October 29, 2015 to investigate the alleged dumping of stainless steel butt-welding pipe fittings that were imported from China and Taiwan of China. Vivian Wang represented a Taiwan enterprise and three enterprises of the Chinese Mainland in the investigation, and filed the no-damage defense representing the entire Chinese industry. On January 27, 2017, the EU made an affirmative final determination on this case. The Taiwan enterprise represented by Vivian Wang in this cas
View the detailsAustralia filed a case on May 14, 2014 to investigate the alleged dumping of photovoltaic (PV) products that were imported from China. Vivian Wang was appointed to file “no-damage defense” representing the entire Chinese PV industry. On October 6, 2015, the Australian investigation organ made the final determination, in which it held that the PV products imported from China, despite the fact that they were dumped to Australia, were found to have caused only negligible injury or hindrance to the
View the detailsOn October 17, on the third National Poverty-alleviation Day, the Central SOEs Industrial Investment Fund for Poor Area inauguration ceremony, the signing ceremony of the first projects to be invested was held in Beijing. Fifty-one central enterprises, including State Development & Investment Corporation, State Grid Corporation of China, China Huadian Corporation Limited and China Three Gorges Corporation, made the initial contribution. The fund raised from the initial contribution reached 12,20
View the detailsThe first Charity Law of China has been officially implemented today (September 1), granting a clear legal position to charitable trusts. On the opening day of the Charity Law, SDIC Taikang Trust was the first to come out with two new charitable trusts, “SDIC Taikang Trust 2016 SDIC Charitable Trust No. 1” and “SDIC Taikang Trust 2016 Hopes & Dreams Educational Charitable Trust No.1.” As the legal counsel of SDIC Taikang Trust, Ms. Jennifer Zhang, partner of East & Concord Partners, led East & C
View the detailsOn July 8, 2016, Qian’an Sponge City Construction PPP Project signing ceremony was held. Government leaders and leaders of the social capital side, including Shuyun Zhang, governor of Qian’an People’s Government, Yu Huang, president of Tsinghua Tongfang Co., Ltd. and Shenzhen Huakong Seg Co., Ltd., Wentang Pan, senior vice president of Tsinghua Tongfang Co., Ltd. and chairman of the board of Tsinghua Holdings Human Settlements Environment Institute, attended the ceremony.
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