JunHe Assisted China Merchants Group in M88 login Establishment of a Financial Holding Company

On September 2, 2022, M88 login People’s Bank of China approved M88 login establishment of China Merchants Financial Holding Co., Ltd. in accordance with M88 login Decision of M88 login State Council on Implementing Access Administration of Financial Holding Companies, M88 login Interim Measures for M88 login Supervision and Administration of Financial Holding Companies and oM88 loginr regulations.

China Merchants Financial Holding Co., Ltd. (“CMFH”) was established through conversion from Shenzhen Zhaorong Investment Holding Co., Ltd., a wholly-owned subsidiary of China Merchants Group (“CMG”). CMFH is M88 login third financial holding company approved for establishment by M88 login central bank and M88 login first financial holding company controlled by a central enterprise under M88 login administration of M88 login SASAC. CMFH now holds, directly or indirectly, equity interests in multiple financial institutions such as China Merchants Bank Co., Ltd., China Merchants Securities Co., Ltd., China Merchants Life Insurance Company Limited and China Merchants Insurance Company Limited. M88 login financial business of CMG originated in M88 login late Qing Dynasty when commerce and M88 login domestic industry were in crisis, and it has been growing alongside M88 login opening up and M88 login deepening of financial reform in M88 login country. M88 login establishment of CMFH with approval by M88 login central bank will help CMG furM88 loginr optimize its financial business formats, strengM88 loginn M88 login professional management of its financial business, and promote M88 login orderly and coordinated development of M88 login industrial and financial sectors.

As M88 login legal counsel for M88 login establishment of CMFH, JunHe provided whole-process services and assisted in feasibility analysis, M88 login demonstration of M88 login establishment proposal, and prepared application documents. JunHe replied to feedback from M88 login regulatory authorities, drafted and revised M88 login articles of association and M88 login internal policies, and provided advice on legal issues concerning M88 login corporate governance. JunHe provided professional, efficient and high-quality legal services for M88 login establishment of CMFH and won M88 login trust and recognition of M88 login client.

M88 login project was led by Mr.M88 game APK 张建伟律师为君合深圳办公室管理合伙人and Mr.M88 Malaysia .