Lawyers of Beijing DOCVIT Law Firm were Invited to Attend the First Seminar of Green Legal Global Alliance
Source: Time: 2017-01-21 11:16:36 Author:
In the afternoon of January 14, 2017, “Redefining LP” --Private Equity LP, New Book Release Conference & Expert Seminar on “Capital Allocation Strategy, Investment Practice and Management” hosted by CITIC Press Group China’s Road Research Press Center and Green Legal Global Alliance and co-organized by LP Think Tank was successfully held at Beijing DOCVIT Law Firm.
Liu Guangchao, Director of Beijing DOCVIT Law Firm and Secretary General of Green Legal Global Alliance, presided over the seminar. Lawyer Sima Yayun, Partner of Beijing DOCVIT Law Firm, was invited to attend the seminar, and she delivered a keynote speech regarding the development trend of limited partnership private equity fund LP in the insurance funds.
She said that, “The use of insurance funds is an important pillar for the survival and development of insurance industry, which has significant impact on the steady operation and healthy development of insurance companies. Compared to the conventional investment kinds of insurance funds, such as bank deposit, bonds, stock and securities investment funds, in recent years, along with the openness of insurance fund investment scope and channels by the regulatory policies, alternative investment, especially the equity alternative investment, has increasingly become the hot spot of insurance fund investment.”
In terms of the role of private equity LP in the insurance investment, Lawyer Sima Yiyun believed that, “the limited partnership private equity fund LP has become an investment identity favored by the insurance funds which have become one of institutional LP in the market, and the equity investment field has become a launch point of insurance funds. According to relevant insurance industry data disclosed, till the end of 2015, PE invested by insurance funds was about RMB 150 billion, fulfilling rapid growth as compared with less than RMB 70 billion in 2014, and the line of indirect PE participation was about RMB 120 billion, accounting for 80%.”
In combination with her practicing experience at Beijing DOCVIT Law Firm, she highlighted the distinctive characteristics and preference of insurance funds as the institutional LP. She believed that, “The funds of insurance companies come from the sales of insurance policies. The insurance funds are featured by long duration of liabilities and large scale. In the meantime, due to the security funds, they have high security requirement for the investment objects and transaction structure. Three principles in the use of insurance funds are: safety, liquidity and profitability.”
Furthermore, Lawyer Sima Yayun elaborated using practical cases. She said that,“Due to its own fund features, the investment style tends to be conservative. From the cases we observed, the alternative investment of insurance funds has experienced the transition from creditor’s right investment to quasi-creditor’s right investment.”
She also said that, “In practice, the quasi-creditor’s right investment is embodied at the level of limited partnership private equity fund, and the insurance funds would have much structured transaction structure design requirements, such as the internal fund structure, credit enhancement of external high-grade credit subjects, diversified exit modes, etc. But, in the context of domestic macro monetary environment and asset shortage, some insurance funds have begun to try some private funds with distinctive marketization character so as to seek the new balanced relation between risk and income in an evenly marketized manner and enrich their own asset allocation system and product kinds.”
In her speech, Lawyer Sima Yayun pointed out that, “Beijing DOCVIT Law Firm has long focused on the professional exploration in the financial and capital market field. In the perspective of law, along with the accumulation of private fund investment experience and cases, insurance funds would become increasingly mature and personalized as the institutional LP. In the meantime, due to their tremendous scale, the insurance funds will become one of important sources of institutional LP in China’s private fund industry.”
In addition, Lawyer Qiao Zhaoshu and Lawyer Sun Yu, Partners of Beijing DOCVIT Law Firm, were also invited to attend the seminar.
Relevant Recommendation
Docvit News | Mr. LIU Guangchao got shortlisted in the Expert Bank of the First Equity Investment Plan and Insurance Private Equity Fund Evaluation of Insurance Asset Management Association of China, and became an expert both in the in insurance fund creditor's rights and equity investmentDocvit News | Mr. LIU Guangchao was elected as the council of the 11th Beijing Lawyers AssociationDocvit News | Mr. LIU Guangchao participated in the "Equity Investment Plan and Insurance Private Equity Fund Evaluation Expert Training Seminar" of Insurance Asset Management Association of China and obtained the expert appointment letterDocvit News | Mr. LIU Guangchao was invited to attend China Finance 40 Forum Annual Conference in 2019 - special theme seminar, and obtained the letter of appointment as a council.
May be interested
Professional Team
- A
- B
- C
- D
- E
- F
- G
- H
- I
- J
- K
- L
- M
- N
- O
- P
- Q
- R
- S
- T
- U
- V
- W
- X
- Y
- Z
Professional Interpretation
More-
Preventing corporate governance risks under new Company Law2024-07-03The new Company Law promotes the transformation of corporate governance from shareholder primacy to director primacy. This imposes governance responsibility on entrepreneurs such as directors, supervisors, officers (DSOs) and actual controllers of a company, increasing their risk of performing duties with their personal property at stake. Therefore, reducing the risk of entrepreneurs and their families facing compensation over corporate governance is of great concern. -
How to deal with the failures to fulfill duty of diligence?2021-10-25Both party A and party B are shareholders of company a, with a accounting for 30% of the shares and B for a state-owned enterprise holding company, accounting for 50% of the shares. Mr. Li is a director appointed by company B to company a, and also the head of financial department of company A. At the beginning of 2021, party A learned that there was still 1 million yuan of capital contribution of company B due but not paid in, and Mr. Li never called on company B according to his duty when he clearly learned that company B did not fulfill his obligation of capital contribution. In addition, Li used his authority to change the management authority of company A's office system, adjust the relevant processes and procedures of the company's internal management, and put pressure on the employees without reason, resulting in the failure of company A's normal operation for three consecutive months. In view of Li's behavior, how should company a and shareholders a protect the rights and interests of the company and themselves? -
Voting rights can be restricted if shareholders fail to invest?2021-08-24In recent years, the competition for corporate control has become more and more intense. The form of competition is no longer confined to the background, but gradually moved to the stage. In order to fight for corporate control, the disputes about the representation of corporate will caused by the internal power struggle in commercial cases are increasing. Voting right has also become the focus of contention among shareholders. If they fail to fulfill the obligation of capital contribution on schedule, there are serious differences among shareholders about whether their voting right can be limited. In the absence of special provisions in the articles of association, should shareholders vote according to the proportion of paid in capital contribution or the proportion of subscribed capital contribution?
About DOCVIT
MorePerformance
MoreAchievements of Docvit | We managed to win the bid for the legal service institutional repository of China National Nuclear CorporationAchievements of Docvit | We managed to win the bidding for the alternative repository of legal services intermediary institution of China Petroleum & Chemical Sales Co., Ltd. Shanxi BranchAchievements of Docvit | We managed to enter into contracts with several institutions and would provide regular legal services for them.Achievements of Docvit | We managed to get shortlisted in the external non-litigious lawyer repository of China Chengtong Holdings Group Ltd.
Brand Activity
More-
[08/31]Forum on Insurance & Insurance Asset Management Industries’ Innovation and Legal Health Development under the New Pattern of Financial Opening-up and Release Conference of Blue Book of Legal Health of China’s Insurance Industry 2018 (Index & Special Reports)
At present, China’s financial open-up has entered a substantial promotion stage, and as an important link thereof, opening-up of insurance industry plays a unique role in financial opening-up. Under the new opening-up pattern of finance and insurance industry, and in the new situation of pan-asset management and integrated development, it has become an urgent topic to discuss and study how China’s insurance asset management institutions should grasp development opportunities, meet challenges head on, how to promote standardized transformation and sound development of the insurance and insurance asset management industries, and how to achieve innovation and high-quality development in compliance. -
[08/17]Launch ceremony of DOCVIT bond default dispute resolution new product line and seminar on bond default disposal and bond market development under the new normal of economy
Halfway through 2019, how will the bond market perform in the second half of the year? How will various factors affecting the bond market work? Where are the investment opportunities? How do bond default disposal and bond market develop under the new normal of economy? In order to discuss the above issues in depth, Beijing DOCVIT Law Firm will hold a seminar “bond default disposal and bond market development under the new normal of economy”. At the seminar, DOCVIT bond default dispute resolution new product line will be released; the product line studies and analyzes the development environment of China’s bond market and the problems and challenges facing its dispute resolution in the context of the new normal of economy and, from a legal perspective, explores the new ideas on bond default disposal in the context of tighter regulation. -
[08/03]3rd Forum on China’s Economic Development and Legal Regulation and Release Ceremony of GLGA Blue Book of China’s Non-performing Assets 2018
In recent years, in the face of a complex international environment and arduous tasks of domestic reform, development and stability, China's economy has maintained a generally steady development trend. However, the Sino-US trade issue is still unresolved and, given the aftershocks of domestic market’s breaking the rigid payment, can China’s economy maintain low volatility and high-quality, stable development in the future? And what opportunities and challenges will China’s macroeconomic development face?