DEALS
Zhong Lun Advises National Council for Social Security Fund on RMB10 billion Investment in PICC Group
Zhong Lun Advises National Council for Social Security Fund on RMB10 billion Investment in PICC Group
China’s National Council for Social Security Fund has invested RMB10 billion in the People’s Insurance Company of China Group (PICC Group), the country’s top non-life insurer, which is preparing for a dual listing in Shanghai and Hong Kong, according to an agreement signed between the social security fund and the PICC Group on June 15, 2011.
Zhong Lun Law Firm acted as legal counsel for the social security fund and provided comprehensive legal services, including due diligence investigations, documentation and negotiations. The service team was led by partners Anthony Zhao and Feng Jiyong, and also included attorneys Zang Haichuan, Yuan Yi, Chen Xi, Wang Wanjun and Cheng Zhou.
The investment would allow PICC Group to restructure, attract investment and push its listing plans forward, according to a press conference where the agreement was signed.
Professionals
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Anthony ZHAO
Equity Partner
ShanghaiPractices： Hong Kong & Overseas Capital Markets,Private Equity & Investment Funds,Cross-border Investment/M&AIndustries： Telecommunications & Internet,Information & Intelligence Technology,Healthcare,Pharmaceuticals & Life Sciences,Education & Training,Media-Sports & Entertainment,Banking & Financial Services,Financial Innovation & Fintech -
Anthony ZHAO
Equity Partner
Shanghai
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