[2] Zhiming Law Firm’s non-litigation business has achieved another success. The Yan’an Baota Fund, for which Attorney Wang Tengfeng’s team served as legal advisors and issued a legal opinion, recently passed the review of the Asset Management Association of China and was successfully registered as a private fund manager.

[3] The Yan’an Baota Fund is registered in a traditional revolutionary base area, where local legal business capabilities are weak. To smoothly pass the association’s review, the fund specifically hired Attorney Wang Tengfeng’s team from Zhiming Law Firm. Throughout the process of serving as legal advisors and issuing the legal opinion, Wang Tengfeng’s team, led by non-litigation business backbone Attorney Zhang Yong, worked diligently and efficiently completed comprehensive due diligence. Based on issues identified during due diligence, they guided the fund in standardizing and rectifying operations, establishing risk management and internal control systems and workflows that comply with legal requirements and the association’s standards. On this basis, they drafted and issued a high-quality legal opinion and guided the fund in submitting its registration application. During the review phase, Attorney Zhang Yong, as the lead attorney, provided professional responses to questions raised by the association regarding the fund, earning high recognition from the reviewers.

In the current environment of frequent P2P defaults and tightened review and filing processes for the financial industry, the successful filing of the Yan'an Baota Fund by the Wang Tengfeng team of lawyers at Zhiming Law Firm is particularly commendable. The Yan'an Baota Fund has also expressed sincere gratitude to the Wang Tengfeng team of lawyers.