ZhongYin Represents Haiguo Xintai on Issuance of Short-Term Financing Bonds
Recently, Beijing Haiguo Xintai Investment Holding Center (“Haiguo Xintai”) has successfully issued “Beijing Haiguo Xintai Investment Holding Center – First Tranche of Short-Term Financing Bonding in 2019”. This tranche of short-term commercial paper is issued to raise RMB2 billion, with a term of 1 year, an interest rate of 4.5%. The credit rating of issuer is AAA, and the credit rating of short-term financing bonds is A-1. The team led by Wang Shaoxing, an attorney of ZhongYin Law Firm, represented this client on this project.
Haiguo Xintai is an enterprise owned by the whole people under the State-owned Assets Supervision and Administration Commission of the People's Government of Haidian District, Beijing, with registered capital of RMB7 billion. According to 2018 Annual Audit Report of Haiguo Xintai, as of December 21, 2018, the company's total consolidated assets were RMB147.254 billion, net assets were RMB45.723 billion, and net profits were RMB1.544 billion.
Since the beginning of 2018, ZhongYin has represented Haiguo Xintai on the issuance of bonds and debt financing instruments, and has been well received by clients for its high-quality services.