ZhongYin Is Engaged by Hainan Energy Exchange as Legal Counsel to Help Construct Hainan Free Trade Port
Recently, after strict selection, ZhongYin has successfully won a bid and become the regular legal counsel to Hainan International Energy Exchange Co., Ltd. (“Hainan Energy Exchange”) with its rich experience and professional capabilities in the area of bulk trade and supply chain. ZhongYin's Director and Senior Partner Yan Penghe and his team will provide comprehensive legal services to Hainan Energy Exchange. Based on professional and targeted services, ZhongYin will help construct Hainan Pilot Free Trade Zone and Hainan Free Trade Port with Chinese characteristics.
Hainan Energy Exchange is jointly initiated and established by Yankuang Group, Huaneng Group and SPIC, all three are Fortune Global 500 firms. Guided by the State’s “One Belt and One Road” initiative, with the goal of serving the real economy and building a market-oriented trading platform, with the purpose of restoring the commodity nature of energy, starting from the State’s energy development strategy and the overall plan for improving the energy trading mechanism and pricing mechanism, by relying on Hainan’s unique geographical advantages and the favorable policies on both free trade zone and free trade port, giving full play to the advantages arising from resources integration through upstream and downstream cooperation among Yankuang Group, Huaneng Group and SPIC, and cooperating with large energy companies on Fortune Global 500 list and important energy companies at home and abroad, Hainan Energy Exchange has connected the international and domestic markets and established a strong global supply chain system featured by international trade, multiple varieties, diversified transaction, reserve base, and distribution network, and provides domestic and foreign users with full-process management and full-range services such as online trading, market analysis, trading indexes, online settlement, financing, credit rating, warehousing, logistics, real-time supervision, and decision-making based on big data analysis, of/for/on energy and chemical products.
Benchmarking against Singapore and Dubai energy exchanges, through the connection services of international trading platforms, powered by supply chain management services, anchored to supply chain finance, based on spot transactions, by means of e-commerce, taking into account both domestic and international strategic demand for energy trading, Hainan Energy Exchange helps construct Hainan Pilot Free Trade Zone and Hainan Free Trade Port with Chinese characteristics, and builds an energy trading platform with unique Hainan characteristics for Asia Pacific, Southeast Asia, and even the world.
Yan Penghe and his team have provided China’s first A-share listed private coal supply chain service company CCS Supply Chain Management Co., Ltd. (stock code: 600180SH) and its commodity e-commerce platform “YiMei.com” with full-process legal services such as legal risk management, international trade, and international dispute resolution for eight consecutive years. Yan Penghe and his team have successfully advised on many maritime disputes, and repeatedly advised clients on complex international dispute resolution, participated in international arbitration and cross-border enforcement. Yan Penghe and his team have been widely trusted and recognized by clients at home and abroad with high-quality legal services for many years.