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The First Asset Supporting Plan of Sun Life Everbright Asset Undertook by Zhongyin Lawyers Was Successfully Approved

2017.11.13  

Author: Zhong Yin Law Firm   

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On October 27th, 2017, Sun Life Everbright Asset Management Co.,Ltd. (Sun Life Everbright Asset) innovative project "Sun Life Everbright-Ever Win Yangtze River Economic Belt Financial Leasing Asset Support Program" (shortened as: Special Program), undertook by our senior parter Dong Wan lawyers team, was successfully approved by China Insurance Regulatory Commission. This is the first program approved by the China Insurance Regulatory Commission (CIRC) of Sun Life Everbright after August 2015 <Interim Measures for Management of Asset Support Plans>, and the project's efficiency is far ahead of its peers.

It is said that the special plan asset is from Ningbo Co., Ltd. wholly owned by Winwin Financial Leasing Co., Ltd. The base assets industries all belong to livelihood projects in the Yangtze River Economic Belt, which are in line with the state's encouraging policies and have stable revenue. The proposed scale of issuance will not exceed 2.551 billion yuan.

In this project, Zhongyin Lawyers conducted due diligence on the qualification of the relevant entities in the special plan and the authenticity, legitimacy and completeness of the underlying assets, provided professional advice on the design and improvement of the structure of the special plan transactions from a legal perspective, and drafted a special plan transaction contract , legal opinions and other related documents, and is responsible for responding to regulatory agencies' feedback and other work, promoting the smooth issuance of special plans and obtaining the unanimous endorsement of customers with professional and efficient services.

Lawyer Dong Wan specializes in the field of asset securitization and always adheres to the rigorous, meticulous and pragmatic attitude. She maintains keen insight into the asset securitization business and has obtained many outstanding achievements "first single" issues in this field, such as "Yunnan Water Water Fees Acquisition Right Asset Support Project" is the first asset-backed securitization project in China that takes sewerage charges as the basic asset; "Jiashi Golden Bridge No.8 Bridge Asset-Backed Special Project" is the first batch approved Cultural and creative park asset securitization project; "Open Source-Henghui Asset Specialization Plan No. 1" is the bank's first equity pledged repo business asset securitization project as the original equity holders.


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