Zhongyin Lawyers Provide Special Legal Services for Hengfeng Bank Asset Securitization Business
The "Monarch Asset Management Hengtong
No. 1 Asset Supporting Special Plan" and the "Open Source-Henghui No.
1 Asset Supporting Special Plan" (both referred to as "Special
Plan") were held by our senior partner Tung Wan Lawyer Team as special
legal advisers, recently, successfully issued in Shanghai Stock Exchange. Among
them, "Open Source-Henghui No. 1 asset supporting special plan" is
the first domestic bank as the original equity securities pledged repo business
It is understood that all the original
equity holders of the above special plan are Hengfeng Bank Co., Ltd.
(hereinafter referred to as Hengfeng Bank) and all have the trust beneficiary
rights lawfully held by Hengfeng Bank as the underlying assets; "Guojun
Asset Management Hengtong No. 1 Asset Support Special Plan" issue size of
4.39697 trillion yuan," Open Source-Henghui No. 1 asset supporting special
plan "issue size of 5.109 billion yuan.
The trust assets formed by banks and trust
companies is a very large proportion of the underlying asset type in 2017 ABS
issue. Based on years of experience in legal services of trading product design
in the financial field, on the basis of analyzing the existing business
transaction structure of financial institutions, lawyer Dong Wan assisted them
to set up the basic assets, improve the compliance of the underlying assets and
provide solution, and help to communicate with the underlying asset trading
entities, various business participants and regulatory agencies, and promote
the smooth issuance of the special plan.