Recently, Hunan Jinyang Investment Group Co., Ltd. (“Jinyang Investment”) has obtained a Notice of Accepting Registration (Zhong Shi Xie Zhu [2020] No. CP42) from the National Association of Financial Market Institutional Investors and has been approved to register a short-term commercial paper of 1 billion yuan, with CITIC Securities Co., Ltd. and China CITIC Bank Co., Ltd.as joint lead underwriters.

Founded in November 1999, Jinyang Investment is a wholly state-owned enterprise funded by Liuyang People’s Government and under the direct jurisdiction of the Management Committee of Liuyang Economic and Technological Development Zone, with a registered capital of RMB11 billion yuan.

For Jinyang Investment’s initial registration and issuance of short-term commercial paper, Gao Wei’s team provided full-process legal services, including but not limited to conducting legal due diligence, issuing legal opinions, and responding to feedback from the National Association of Financial Market Institutional Investors. Gao Wei's team has been well received by the client for its excellent services.