Recently, the application for registration as privately-offered fund manager filed by Partner Deng Jijun and Associate Wu Dan of ZhongYin Law Firm on behalf of Urumqi Ganquan Industrial Development Fund Management Co., Ltd. (Ganquan Industrial) has been approved by the Asset Management Association of China, and Ganquan Industrial has been successfully registered as privately-offered fund manager, under the registration number P1070458.

Ganquan Industrial is a fund management institution established upon approval of the State-owned Assets Supervision and Administration Commission of Ganquanbao Economic and Technological Development Zone (Industrial Zone) in Urumqi. It is expected to establish a fund for the construction & development and industrial investment in Ganquanbao and sub-funds for certain industries there.

Partner Deng Jijun and Associate Wu Dan have extensive experience and a large number of successful precedents in practicing in private equity and investment fund, securities and capital market, investment and M&A, and other areas, and have a profound understanding of the PRC laws and regulations and regulatory practices, and thus can provide flexible, high-quality and value-adding legal services based on the different characteristics of different clients.