Structured Finance & Securitization
Zhong Lun has pioneered several groundbreaking securitization transactions in China, including the first PRC onshore credit assets securitization, the first onshore non-performing loan securitization and the first offshore CMBS project.
Zhong Lun’s securitization group is active in commercial and residential mortgage-backed securities, sale and lease back securitization transactions, receivables securitizations, automobile loan securitizations and other pooled investment vehicles. In connection with such transactions, we have represented issuers, originators, underwriters, investment advisers, asset managers, investors, and government agencies.
We actively participated in legislation on securitization. We work closely with other industry players, including the China Banking Regulatory Commission and other regulators through the China Securitization Forum, a platform established by Zhong Lun and other leading domestic and foreign participants in the securitization industry. Zhong Lun is honored to act as the secretariat for the Forum.
Zhong Lun’s securitization group is active in commercial and residential mortgage-backed securities, sale and lease back securitization transactions, receivables securitizations, automobile loan securitizations and other pooled investment vehicles. In connection with such transactions, we have represented issuers, originators, underwriters, investment advisers, asset managers, investors, and government agencies.
We actively participated in legislation on securitization. We work closely with other industry players, including the China Banking Regulatory Commission and other regulators through the China Securitization Forum, a platform established by Zhong Lun and other leading domestic and foreign participants in the securitization industry. Zhong Lun is honored to act as the secretariat for the Forum.
Honors & Awards
- Zhong Lun’s capital market, securitization practice was successively ranked in Band 1 of Chambers Asia Guide (2008, 2009).
- Zhong Lun was awarded the Securitization Deal of the Year 2007 by International Financial Law Review for the firm’s outstanding performance in Project Dynasty, the first CMBS transaction backed with domestic property in mainland China.
Representative Cases
- Advising on Tianjin Lianzufang REIT, China’s first affordable housing-backed REIT to be traded on interbank bond market(2009)
- Advising on Lujiazui REIT, China’s first commercial property-backed REIT to be traded on interbank bond market(2009)
- Advising on Tianjin Taida REIT, China’s first commercial property-backed REIT to be traded on stock exchanges(2009)
- Advising on Jiashi REIT, China’s first industrial property-backed REIT to be traded on stock exchanges(2009)
- Advising China Ping An Trust & Investment Co., Ltd. on a RMB1.5 billion private placement of REIT for Greentown China Holdings(2009)
- Advising CITIC Trust on issuance of CITIC collective trusts, Tong Ying Funds No. 1 and No. 2 (2009)
