DeHeng Advised China Life Investment Management Company Limited on Establishing a Real-Estate Debt Investment Scheme

2022-05-10

In March 2022, an urban renewal real estate debt investment scheme established by China Life Investment Management Co., Ltd. as trustee was registered with the Insurance Asset Management Association of China. The investment scheme was to implement the strategic plan of the CPC Central Committee on supporting the development of the Guangdong-Hong Kong-Macao Greater Bay Area, and will work with central enterprises to boost urban renewal and support the real economy and innovative economy.

The scheme can effectively provide financial support for the development of proposed projects, and reflects the full support of financial institutions for the development of the Greater Bay Area. It will help promote high-quality development of the Greater Bay Area, help it stand tall among the world’s advanced cities, and become a benchmark of global urban agglomerations with outstanding competitiveness, innovation capacity and influence. 

As the legal counsel, the DeHeng team, led by Huang Huazhen, partner of DeHeng’s Beijing Office, and with primary support from lawyer Zou Minjing and intern lawyer Xu Peiwen, provided professional legal services for the client, including due diligence, contract drafting and negotiation, revision and issuance of legal opinions, and won high praises from the client. Their excellent and efficient work was a solid guarantee for the successful implementation of this scheme. DeHeng will continue to give full play to its expertise in legal services for insurance and insurance asset management and contribute to the development of the industry.