Recently, Tranche 1 of Shenzhen Qianhai Lianyirong Commercial Factoring Co., Ltd.’s 2022 CCCSED Supply Chain Targeted Asset-backed Commercial Paper No. 1 (“CCCSED ABCP No. 1”) has been successfully issued, with senior notes amounting to RMB 451.7 million and having a term of 90 days, and with a coupon rate of 1.9%. The lawyer team representing this transaction is the team led by Li Zheng, the Party Committee Secretary of ZhongYin Law Firm, with the team member Gu Xueqi as lead counsel. The issuance of this ABCP has created two records: the first ABCP in Henan Province and the ABCP with the lowest rate oriented by the market in China.

CHINA CONSTRUCTION SEVENTH ENGINEERING DIVISION CORP. LTD ("CCCSED"), a key member of China State Construction Engineering Corporation, which ranks 18th in the Fortune 500, is a domestic first-class complex industry group engaging in both investment and construction, and ranks in the forefront of the construction industry in Henan Province and the fourth among the top 100 enterprises in Henan Province, with a registered capital of RMB 6 billion and an annual operating income of about RMB 200 billion. Founded in 1952, CCCSED has gradually developed into an industry leader in the modernized core region; it is the first subsidiary of China State Construction and the first enterprise in the construction industry of Henan Province that holds three Special Grade qualifications and three Grade A qualifications.

Li Zheng's team has successfully represented and served as regular legal counsel to more than 30 large companies and central ministries, commissions and other authorities on matters in capital markets including listing, M&A, and restructuring; They have extensive professional practical experience in areas such as M&A and restructuring, liquidation and bankruptcy, commercial and intellectual property litigation and arbitration and enforcement of judgement (award), securities and capital markets.