Recently, ZhongYin Law Firm has won a bid and been selected by Chengfa Investment Group Co., Ltd. (“Chengfa Investment Group”) into the candidate legal counsel to the group and its member companies. The team led by Management Committee Member and Senior Partner Wu Zetao of ZhongYin was responsible for the bidding. By winning the bid, the team has showed its professional level and rich experience in representing large state-owned enterprises.

Chengfa Investment Group is a large state-owned enterprise directly under the administration of West Coast New District of Qingdao, and was formerly known as Qingdao Economic Development Zone Urban Development Investment Co., Ltd., which was established in July 2001. It has successively gone through three historical stages, "investment and financing platform", "operation in real economy" and "development as group". In September 2012, it was renamed as Chengfa Investment Group Co., Ltd. The group now holds controlling stake in 20 subsidiaries and non-controlling stake in 21 subsidiaries, forming a business pattern featured by diversified revenue-generation and joint development covering many sectors such as real estate, finance, investment, trade, film & TV, and tourism.

The team of Wu Zetao focuses on practicing in the capital market, has provided more than 100 enterprises with dispute resolution, investment and financing, merger and acquisition, bankruptcy and reorganization, and other services in this area, and has extensive experience in practicing in this area. The team will continue providing efficient and high-quality legal services to Chengfa Investment Group in a meticulous, rigorous, careful and responsible way.