Translator：Wang Qiyu

On March 20, 2020, Senior Partner Lawyer Liu Zhaofu led a delegation to visit China Communications Financing Leasing Co., Ltd. The delegation was warmly received by Wang Jingzhou, Deputy Chief Economist and Director of Business at China Communications Leasing. China Communications Leasing introduced their company's profile, development philosophy, current status, and aspirations. Lawyer Liu Zhaofu, on behalf of our firm, expressed gratitude for the thoughtful arrangements by China Communications Leasing and presented our firm's current operations and future development prospects.

Our team of lawyers provided a detailed overview of the changes in the PPP investment field, discussing entry points, operational motives, collaboration models, potential obstacles, and addressing queries. This presentation showcased our firm's professional expertise in this domain and garnered high recognition from China Communications Leasing. Both parties agreed to seize the opportunity of PPP project collaboration, deepening exchanges, and advancing practical cooperation in innovative designs for project-finance integration and bidirectional project matchmaking.

China Communications Financing Leasing Co., Ltd. is a core member of the financial sector under China Communications Construction Group, a centrally managed state-owned enterprise under the State-owned Assets Supervision and Administration Commission of the State Council. With a mission of integrating production and finance, the company, in its six years of existence, has deployed funds exceeding 100 billion RMB through financial instruments like financing leasing and commercial factoring. Its total assets have reached 45 billion RMB, and it achieved a AAA credit rating from China Chengxin Credit Rating Group in 2017.