On April 10, 2020, Beijing Hualian Group Investment Holdings Co., Ltd. (“BHG”) successfully issued “The First Tranche of Targeted Debt Financing Instruments in 2020 of Beijing Hualian Group Investment Holdings Co., Ltd. (Debt for Epidemic Prevention and Control)”, to raise 600 million yuan, with the credit rating of issuer being AA+. Wang Shaoxing, a partner of ZhongYin Law Firm, advised this client on this project.

BHG is one of the 15 largest retail enterprises supported by Ministry of Commerce. It has two listed companies (BHDS and BHHC) and several holding companies. Its businesses are primarily focused on hypermarkets, boutique supermarkets, department stores, and commercial properties. The funds raised through this tranche of targeted instruments are intended to be used by Beijing Hualian Hypermarket Co., Ltd., a subsidiary of BHG, during the outbreak, to purchase and supply necessities for people's livelihood, such as fruits, meat, poultry and eggs, grain, oil and snacks, and daily necessities, to maintain adequate supply in and normal operation of more than 160 stores.

Wang Shaoxing's team focuses on the legal services related to fixed income financial products such as bonds, debt financing instruments, and asset securitization, has outstanding performance and rich experience in practicing in financial areas such as banking, securities, insurance, trust, and privately-raised fund, can provide clients with a full range of high-quality legal services, and has been well received by clients for high-quality services.