DeHeng Assisted Shandong Hi-Speed Group with First Data Asset Entry into Financial Statements

2024-04-03

Shandong Hi-Speed Group has successfully achieved the entry of data assets into its financial statements, including its shared financial center’s supply chain management system data, Shandong Hi-Speed Company Limited’s expressway traffic flow data, and Tonghui Capital’s supply chain bills. This milestone marks the first practice of its kind among expressway operators in northern China and represents the largest data asset entry by a state-owned enterprise in Shandong Province to date.

DeHeng’s Jinan Office provided legal services for compliance assessment and legal review of the data assets and issued legal opinions on their compliance and ownership status. The team conducted thorough due diligence on Shandong Hi-Speed Group’s data assets, evaluating compliance throughout the data lifecycle, including collection, storage, sharing, and processing. DeHeng’s lawyers analyzed the ownership, compliance management, and security measures of the data assets in accordance with the latest laws and regulations, and provided legal opinions and professional recommendations to facilitate the smooth completion of the data asset entry process.