On May 22, with Sino Life Asset Management Co., Ltd. as the trustee, the "Sino Life Asset - Shijiazhuang Rail Transit" infrastructure debt investment scheme obtained the notice of infrastructure registration after being reviewed by China Insurance Asset Management Association.
Rail transit construction is a booster of urban prosperity. As a megacity with a population of more than 2 million, Shijiazhuang has produced high-density economic and social activities amidst the rapid economic development and population growth, raising corresponding demands for the transport infrastructure. This project is an investment in the phase-1 project of Shijiazhuang Urban Rail Transit Line 1, which will run for 23.9 kilometers and pass through 21 stations, and the opening of which will effectively alleviate traffic pressure on the ground and make the travel faster and more punctual. It will make Shijiazhuang the third metro megacity in North China and the only metro city in Hebei Province.
DeHeng, as the special legal counsel for this debt investment scheme, formed a project team led by lawyer Huang Huazhen, a partner of the Beijing Office, with primary support from Zou Minjing and Li Xiaoyi, provided professional legal services for the whole processing, including due diligence, contract negotiation and drafting, modification and issuance of the due diligence report and legal opinion. Their high-quality and efficient legal services provided a solid guarantee for the successful registration of this debt investment scheme.