On June 3, 2015, 2015 Weiyuan Phase I Credit Asset-backed Securities were successfully issued in the national interbank bond market, raising RMB 2.117bn, with approval from China Banking Regulatory Commission and People’s Bank of China. Weihai City Commercial Bank acted as originator and credit service provider, and Zhongrong International Trust Co., Ltd. acted as trustee.
The ABS program was advised by a Dacheng team consisting of Beijing-based senior partner Li Junping, of council Wang Lihong, and associates He Yuhua, Sun Chao, Lv Xiaxi and Zheng Wenjing.
Weihai City Commercial Bank, founded on August 1, 1997, has set up more than 80 branches in Jinan, Tianjin, Qingdao, Yantai, Dezhou, Linyi, Jining, Weifang, and Dongying. With a commitment to serving local economy, small- and medium-sized enterprises, and rural and urban residents, the bank has provided quality services, winning widespread recognition from all levels of government and all walks of life. It has been awarded “China Financial Institutes Gold Medal List – Gold Dragon Medal”, “Best Specialty Bank in China”, “Best Retail Bank in China”, “Best Financial Service Provider for Small- and Medium-sized Enterprises”, “Model Firm Culture Builder in China’s Finance Sector”, and one of the “Class-A Taxpayers in Shandong’s Finance Sector”.
The Dacheng team led by senior partner Li Junping and of council Wang Lihong has been acting as standing legal counsel for Weihai City Commercial Bank since 2011. The team advises the bank on everyday operation and specific legal matters. Their experience, expertise, efficiency, and quality services have been highly commended by the client.
Beijing Dacheng Law Offices, LLP ("大成") is an independent law firm, and not a member or affiliate of Dentons. 大成 is a partnership law firm organized under the laws of the People’s Republic of China, and is Dentons' Preferred Law Firm in China, with offices in more than 50 locations throughout China. Dentons Group (a Swiss Verein) ("Dentons") is a separate international law firm with members and affiliates in more than 160 locations around the world, including Hong Kong SAR, China. For more information, please see dacheng.com/legal-notices or dentons.com/legal-notices.
