Recently, ZhongYin Law Firm and China National Chemical Corporation Ltd. (“ChemChina”) entered into a regular legal counseling agreement, pursuant to which, the team led by Director and Senior Partner Yan Penghe of ZhongYin is engaged by it as regular legal counsels and will provide it with comprehensive legal services.
ChemChina is a state-owned enterprise established by reorganizing companies affiliated to the former Ministry of the Chemical Industry, People’s Republic of China. ChemChina ranks 144th on the “Fortune Global 500” list and is the largest chemical enterprise in China. The Company has 160,000 employees, 86,000 of which work outside China.
Headquartered in Beijing, ChemChina has production and R&D bases in 150 countries and regions worldwide, and boasts a full-fledged marketing network. ChemChina operates 7 strategic business units (SBUs), 4 directly affiliated units, 89 production and operation enterprises. It also holds 9 listed companies, has 11 overseas subsidiaries, and possesses 346 R&D institutes, among which 150 are overseas ones. ChemChina has a comprehensive sustainability program that reinforces its commitment to environmental safety, energy conservation and emission reduction. As a leader in "zero emissions" management, ChemChina spares no efforts in minimizing pollution and carbon emissions through advanced management and technologies.
Internationally positioned, ChemChina is gradually expanding its overseas business and investment, and is actively exploring new forms of overseas cooperation to ensure that its business volume keeps growing.
For a long time, Yan Penghe and his team have been serving as regular legal counsel to many central enterprises and large state-owned enterprises such as companies controlled by China Life Insurance, Capital Airports Holding Company and companies controlled by it, and has represented many central enterprises and large state-owned enterprises such as China Gezhouba Group, Zhengzhou Road & Bridge Group, and XJ Group on international investment and M&A and “One Belt and One Road” related foreign affairs. Over the years, they have been trusted and recognized by many clients with high-quality legal services.
ZhongYin will continue to provide high-quality legal services to ChemChina, and contribute to the compliance and risk management of central enterprises and the going-global of Chinese enterprises, upholding the work spirit of professionalism, rigour and high-efficiency.