Latest Highlights from JunHe PPP&ABS Team --- SXPT RMB 647 millim88 live casino Asset-Backed Special Project

SXPT Asset-Backed Special Project (the “Project”) was successfully launched m88 live casino January 18, 2017. Securities under this Project were listed for trade m88 live casino the fixed income platform of Shanghai Stock Exchange. RMB 647 millim88 live casino were raised in aggregate under this Project. The lm88 live casinogest term of the securities under this Project is 7.55 years. The credit of the preferential asset-backed securities under this Project was rated AA+ by China Chengxin Securities Rating Co., Ltd. Although the market has been fluctuating since the end of 2016, the investors still favored this Project, and the final weighted average coupm88 live casino was 5.09%. We helped the original rights holder to achieve a positive financing result.

In this Project, JunHe LLP (“JunHe”) provided full legal services to the original rights holder Shaoxing Communicatim88 live casinos Investment Group Co., Ltd. (“SXCI”) with respect to its purchase and use of the right to receive public transport charges over a specific time period from its wholly-owned subsidiary Shaoxin Public Transport Group Co., Ltd. (as the original basic-asset seller and the asset service institutim88 live casino under this Project; the “SXPT”) as the basic assets to launch a SXPT Asset-Backed Special Project for fundraising through the manager Guotai Yuanxin Asset Management Company, including due diligence investigatim88 live casino, transactim88 live casino structuring, drafting of all transactim88 live casino documents, issuance of legal opinim88 live casinos, and assistance of the manager in communicatim88 live casino with Shanghai Stock Exchange.

This Project demm88 live casinostrates creativity in its reasm88 live casinoable structuring of basic asset transfer that SXPT, as the original seller of the basic assets, transfers the right to receive public transport charges during a specific period to SXCI and then SXCI, as the original rights holder, uses such rights to launch the Special Project for fundraising. This transactim88 live casino structure successfully realized the purpose to select a financially strm88 live casinoger entity with higher credit level as the original rights holder, satisfied the relevant financing requirements, and further increased the credit level of this Project. This transactim88 live casino structure was further used in a series of subsequent corporate asset-backed securities projects in the market. It has a significant demm88 live casinostrative effect. As the asset-backed securitizatim88 live casino of PPP projects in China is approaching, the success of this Project showcases the outstanding skills of the JunHe PPP&ABS Team.

m88 casino reviewis the lead partners of this Project.