DeHeng Assisted Gaintime Industry-Finance in Issuing RMB 1.406 Billion Benxi Beiying Iron & Steel Group Quasi-REITs for Green Technological Innovation

2025-09-28

Recently, Gaintime Industry-Finance (Beijing) Venture Capital Fund Management Co., Ltd. completed the bookkeeping and issuance of the “2025 First Tranche of Benxi Beiying Iron & Steel Group Private-Placement Asset-Backed Securities (Quasi-REITs) for Green Technological Innovation,” with an issuance scale of RMB 1.406 billion. The underlying asset is Benxi Beiying Iron & Steel Group’s 80MW high-temperature ultra-high-pressure power generation unit, which is both green and high-tech. This issuance provides a new pathway for industrial assets to access the capital market.

The project received efficient guidance from the National Association of Financial Market Institutional Investors, with cooperation from all intermediaries. As the special legal counsel, the DeHeng team, led by partners Zhao Hongliang and Yu Yunbo, with primary support from lawyers Wang Geqing and Zhao Yueyang, conducted legal due diligence and issued the legal opinion for this project. They worked closely and actively with the issuer and various intermediaries, and provided comprehensive, professional, efficient, and high-quality legal services for this registration.