Junhe Assisted Chinese Enterprises in Issuing over 100 M88 loginfshore Bonds in 2019

In recent years, issuance M88 login M88 loginfshore bonds by Chinese enterprises has been booming, and the number M88 login M88 loginfshore bond issuance projects participated by JunHe has been increasing year by year. In 2019, JunHe assisted Chinese enterprises in issuing over 100 M88 loginfshore bonds, raising more than USD40 billion in aggregate, and maintained its leading position in the market. Moreover, JunHe’s domestic and overseas M88 loginfices have provided domestic and overseas "one-stop" legal services for an increasing number M88 login Chinese enterprises to issue M88 loginfshore bonds.

M88 loginfshore bond issuers assisted by JunHe in 2019 mainly include:

• Sinopec Group, China National M88 loginfshore Oil Corporation (CNOOC)，China Huadian Corporation Ltd., China Huaneng，Aluminum Corporation M88 login China (CHALCO), State Development & Investment Corp., Ltd. (SDIC), CITIC Limited, and other central enterprises;

• Agricultural Development Bank M88 login China, Industrial and Commercial Bank M88 login China, Bank M88 login Communications, China Everbright Bank, China Merchants Bank and other banks;

• China Huarong Asset Management Co., Ltd., China Orient Asset Management Co., Ltd., China Great Wall Asset Management Co., Ltd., Zhongyuan Asset Management Co., Ltd., and other asset management companies;

• TF Securities, Southwest Securities, Dongxing Securities, and other securities companies;

• China Development Bank Leasing Co., Ltd., ICBC Leasing Co., Ltd., Bank M88 login Communications Financial Leasing Co., Ltd., CMB Financial Leasing Co., Ltd., Minsheng Financial Leasing Co., Ltd., China Huarong Financial Leasing Co., Ltd., and other financial leasing companies, as well as China Aircraft Leasing Company Limited, JIC Leasing Co., Ltd. and other non-financial leasing companies;

• Lianyungang Port Group Co., Ltd., Shandong Gold Group Co., Ltd., Shandong Iron & Steel Group Co., Ltd., Shuifa Group Co., Ltd., Xinjiang Zhongtai Chemical (Group) Co., Ltd., JISCO, and other large local state-owned enterprises;

• City investment enterprises in Zhejiang, Jiangsu, Shandong, Anhui, Sichuan, Hunan, Fujian, Guangdong, Yunnan, Gansu, Shaanxi, Liaoning, Heilongjiang, Guizhou, Shanxi and other provinces;

• China Jinmao, China Overseas Holding Group, Yuexiu Property Company Limited, Guangzhou R&F Properties Co Ltd., DaFa Properties Group Limited., Powerlong Group, Golden Wheel Tiandi Holdings Company Limited, Redco Properties Group Limited, Zhongnan Construction Group, Landsea Group, and other large real estate enterprises;

• Bright Scholar Education Group, Yuhua Education Group, Chongqing Casin Group Co., Ltd., Chongqing Huayu Group Co., Ltd., Macrolink Holding Co., Ltd., AAC Technologies，CAR Inc.，China Grand Automotive Services Co., Ltd., ENN Ecological Holdings Co., Ltd., Beijing 21Vianet Broad Band Data Center Co., Ltd., and other large private enterprises and domestic and overseas listed companies.

In 2019, JunHe participated in a number M88 login representative M88 loginfshore bond issuance projects, including:

• Issuance M88 login M88 loginfshore RMB bond by Agricultural Development Bank M88 login China. It is the first bond to be issued to both institutions and the general public in Hong Kong, Macau, Luxembourg, Frankfurt and London at the same time, which is among the first batch M88 login M88 loginfshore bonds listed on the Macao Stock Exchange, setting a precedent for the listing M88 login bonds M88 login mainland policy-based financial institutions in Macao.

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• Issuance M88 login M88 loginfshore bond by Nanjing Southeast State-owned Assets Investment Group Co., Ltd. It is the first bond M88 login China (Shanghai) Pilot Free Trade Zone and M88 loginfshore bond in the world. The registration, custody and settlement M88 login this bond was undertaken by China Central Depository & Clearing Co., Ltd., to which JunHe provided domestic and overseas legal services.

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• Issuance M88 login M88 loginfshore USD perpetual bond by China Huadian Corporation. It is the first M88 loginfshore perpetual bond issued by a central enterprise following the issuance by the Ministry M88 login Finance M88 login the Provisions on the Accounting Treatment M88 login Perpetual Bonds and the Announcement on Issues concerning Enterprise Income Tax Policies on Perpetual Bonds in 2019.

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• Issuance M88 login M88 loginfshore USD bond by China Huaneng Group. It marks the largest issuance M88 login USD bond by a domestic power generation group and the lowest yield and the narrowest spread for three-year USD bonds issued by Chinese enterprises this year.

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• Issuance M88 login M88 loginfshore USD green bond by ICBC Leasing. It is the first green bond issued by a Chinese leasing company.

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• Issuance M88 login M88 loginfshore convertible bond by Yuhua Education Group. It is successfully issued following the issuance M88 login the Regulations on the Implementation M88 login the Privately-run Education Promotion Law (Revised Draft) (Draft for Review) and the Several Opinions on Deepening the Reform and Regulating the Development M88 login Preschool Education and upon sharp falls in the prices M88 login shares M88 login the relevant listed privately-run education enterprises.

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• Issuance M88 login M88 loginfshore bond by Zhongyuan Asset Management Co., Ltd.. It is the first local asset management company to issue M88 loginfshore bonds.

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• Issuance M88 login M88 loginfshore USD senior bond by AAC Technologies. It is the first bond issued by AAC Technologies, a global leading enterprise in precision manufacturing, following its listing.

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• Issuance M88 login M88 loginfshore exchangeable bond by Yuexiu Property Company Limited. This bond took the fund unit M88 login Yuexiu REITs listed in Hong Kong, which is held by Yuexiu Property Company Limited, as the exchange target.

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• Issuance M88 login M88 loginfshore medium-term notes by CITIC Limited. JunHe assisted the issuer in updating its billion medium-term note programme successfully.

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• Issuance M88 login USD bonds by Guangzhou Development District (GDD) Financial Holding Group Co., Ltd. (GDD FINANCIAL HOLDINGS). GDD Financial Holdings is the first domestic enterprise in a district that was rated "Baa1" by Moody, and the first state-owned enterprise in a district that was rated "BBB +" by Fitch among 219 national economic development zones. The bonds were oversubscribed by more than 10 times, and the final bond pricing was narrowed significantly compared with the initial price guidelines.

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In 2019, the representative projects to which JunHe’s domestic and overseas M88 loginfices provided "one-stop" domestic and overseas legal services mainly include:

• Issuance M88 login M88 loginfshore USD bonds by Macrolink Holding Co., Ltd. (bond transaction under the law M88 login New York)

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• Issuance M88 login M88 loginfshore bonds by Chongqing Casin Group Co., Ltd. (initial M88 loginfering M88 login bonds under the British law)

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Issuance M88 login M88 loginfshore bonds by Chongqing Huayu Group Co., Ltd. (initial M88 loginfering M88 login bonds under the British law)

The leading partners M88 login this project areMr.M88 game APK 宣传碳中和理念，鼓励和动员社会单位和个人参与“, Mr.m88 casino app 英国英格兰及威尔士律师资格,中国（内地）律师资?and Mr.m88 casino bonus code 于香港办公室执业.