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ZhongYin Represents CCSED Exclusively on Asset Securitization

2019.12.26  

Author: Zhong Yin Law Firm   

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On December 25, 2019, with the team led by Li Zheng (the secretary of the party general branch, the chairman of the management committee, and a senior partner of ZhongYin Law Firm) as legal counsel, the “CCSED - HFB - SWHY Phase II Account Receivables Asset-backed Security Special Plan” (short name Special Plan) was successfully issued on the Shanghai Stock Exchange. Li Zheng and Gu Xueqi advised on the issuance of the Special Plan with professional services.

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The Special Plan has a shelf offering totaling RMB 4 billion. with CHINA CONSTRUCTION SEVENTH ENGINEERING DIVISION CORP. LTD (short name CCSED) as the original owner, this Phase II special plan is issued to raise RMB 0.960 billion and is backed by the entitlement to the stable construction price under the construction contracts legally held by CCSED. With its years of experience in advising on design of financial products, based on analysis on the transaction structures of the existing products of financial institutions, the ZhongYin team assisted the issuer of the Special Plan in building an underlying asset portfolio, improved the compliance of the underlying assets, provided project solutions, and assisted with the communication with the underlying asset trading entities, issuance participants, and regulators, thus promoting the smooth issuance of the Special Plan.


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