Dentons hosted “Xingye Special Financial Assets Management and Distressed Enterprise Reorganization Forum” at Beijing National Convention Center on May 18, 2019, in collaboration with China’s Industrial Bank. Nearly 200 academics and legal practitioners were gathered together to explore effective ways of disposing special financial assets and preventing financial risks.

Forum site

As China faces mounting economic downward pressure, non-performing loan ratio of commercial banks is climbing. By the end of 2018, balance of non-performing loans at commercial banks in China will have exceeded 2 trillion yuan. The reorganization of distressed enterprises has now become one of the most sought-after services and this trend is expected to continue for a long time to come.

It is against this background that the forum focuses its theme on special financial asset management. The forum was hosted by Zhang Wei, head of Dentons Beijing office’s Banking, Finance, Insurance and Wealth Management group. Ping Yunwang, head of the Finance Committee of Dentons Beijing office was one of the guest speakers.

Zhang Wei

Ping Yunwang

Fang Zhiyong, General Manager of Special Assets Management Department of Industrial Bank, Professor Wang Xinxin, Director of Bankruptcy Law Research Center of Renmin University of China, Bu Xiangrui, Chief Legal Counsel of China Banking Association, Zheng Zhibin, Senior Partner of Dentons China, and Liu Wei, partner of Ernst & Young (China) Co., Ltd., also shared their insights at the forum.

The roundtable session was hosted by Wang Lihong, senior partner of Dentons China. Our senior partners Liu Haiping, Xie Xiaojing, and Lu Haifeng, senior counsel Wang Jun and Ernst & Young Partner Liang Yihai participated in the discussion.

This is the third professional legal forum jointly held by Dentons China and Industrial Bank. Apart from nearly 200 attendees on site, the forum was also live-streamed through the Dentons China Financial Law College app. With the number of views reaching 4417 on that day, it has become one of the largest online/offline gatherings for financial and business professionals in China.

As one of the largest legal service providers in the world, Dentons will continue to provide efficient and quality legal services to clients in relation to special financial assets and the reorganization of distressed enterprises, improve the efficiency in the disposal of special financial assets, control and resolve financial risks, and promote sustainable economic development.