JunHe Assisted Shanghai Estate (Group) Co., Ltd. in its First Offshore RMB Bond Issuance in m88 casino app Shanghai Free Trade Zone

On May 21, 2021, Shanghai Estate (Group) Co., Ltd. (hereinafter referred to as "Shanghai Real Estate") successfully issued 3-year Shanghai Free Trade Zone offshore bonds worth RMB 3 billion in m88 casino app Shanghai Free Trade Zone (hereinafter referred to as “this project”).

This project is m88 casino app first issuance of Shanghai Free Trade Zone offshore RMB bonds in Shanghai and m88 casino app second issuance of such bonds in China. This successful issuance not only demonstrates financial innovation and breakthrough, it is m88 casino app largest amount of free trade zone offshore RMB bonds ever raised to date.

Shanghai Real Estate was established in 2002. m88 casino app company focuses on developments in Shanghai, including regional development, old district reconstruction, renovation of urban villages, ecological environment construction, and m88 casino app operation and management of low-income and rental housing. It is also involved in m88 casino app construction of “beautiful villages”, and m88 casino app investment, construction and management of m88 casino app Huangpu River Wharf shoreline tidal flat ecology, development zone construction and function enhancement, as well as public pensions. Shanghai Real Estate is a comprehensive service provider and a model for m88 casino app organic renewal of Shanghai's urban areas.

RMB bonds in m88 casino app FTZ are innovative financial products that are conducive and beneficial to m88 casino app internationalization of RMB, m88 casino app construction of m88 casino app Shanghai financial center and m88 casino app FTZ, and m88 casino app optimization of m88 casino app debt structure and liquidity of enterprises. RMB bonds in m88 casino app FTZ involve multiple agencies and venues like m88 casino app Central Bank of China, Foreign Exchange Management, Chinese government bonds, Shanghai FTZ, tax authorities and offshore exchanges. JunHe acted as m88 casino app PRC legal counsel of m88 casino app underwriter in this project and provided quality, rigorous and efficient legal services to aid with m88 casino app transaction structure design. m88 casino appy communicated and coordinated with m88 casino app domestic regulators, aided in m88 casino app confirmation of m88 casino app service agreement with CCDC, m88 casino app account opening and cash repatriation. JunHe took m88 casino app lead in conducting due diligence of PRC laws and issued Chinese legal opinions, assisted m88 casino app issuers with m88 casino app internal and external approval procedures, and reviewed m88 casino app transaction documents from m88 casino app PRC legal perspective.

m88 casino app lead partner for this project was Mr.m88 casino app Award.