DeHeng Advised AEON Insurance Asset Management on the Approval of 

the Real Estate Debt Investment Scheme for Dongjin Commercial Building

2018-12-30

On December 27, 2018, the real estate debt investment scheme for Dongjin Commercial Building, set up by the trustee AEON Insurance Asset Management, obtained the letter of registration for real estate projects from the Insurance Asset Management Association of China (IAMAC) after IAMAC's assessment.

Dongjin Commercial Building marks a watershed for Xiangyang's strategic adjustment of the spatial layout of its central urban area. According to the Master Construction Plan for Dongjin New Area approved by the provincial government of Hubei, Dongjin New Area is positioned to be a new center up to international standards, equipped with typical functions of a modern city, and a modern regional center, and will include a business center, a regional financial center, a technology hub, a cultural hub, a convention & exhibition center and a medical service hub. Dongjin Commercial Building, after completion, will be the heart of the New Area, aggregate resources, boost the development of nearby regions, facilitate the enhancement of other functions of Xiangyang as a provincial sub-central city and a modern regional center; it will also help optimize the city layout, attract and advance more investment, and facilitate the development of the New Area.

As the legal counsel for the scheme, DeHeng team was led by Huang Huazhen, partner of the Beijing office, with the support of Sun Quan and Yuan Zi, to provide professional legal services for the client, including the conduct of due diligence, contract negotiation, drafting and revising the due diligence report and issuing legal opinions. In light of a more stringent  review of insurance debt investment schemes, DeHeng's premium and efficient legal services proved to be strong guarantee for the successful registration of the scheme.