News and developments

Press Releases

JunHe’s New Management Committee Elected

On October 18, 2020, JunHe’s new Management Committee (“MC”)was elected at its partners meeting. Partner Hua Xiaojun was elected Managing Partner, and partners Xiao Wei, Zhao Xiyong, Zhang Ping, Yu Yongqiang and Wu Lei were elected as members of the MC. The new MC will take office from January 1, 2021.On October 18, 2020, JunHe’s new Management Committee (“MC”)was elected at its partners meeting. Partner Hua Xiaojun was elected Managing Partner, and partners Xiao Wei, Zhao Xiyong, Zhang Ping, Yu Yongqiang and Wu Lei were elected as members of the MC. The new MC will take office from January 1, 2021.
23 October 2020
Transport

Brief Comment on Easing Restrictions on Foreign Investment in Automotive Manufacturing

On April 10, 2018, President Xi Jinping attended the Boao Forum for Asia (“BFA”) Annual Conference 2018 and delivered a keynote speech stressing that “China will remain unchanged its adherence to reforming and opening up, and will continue to launch new, major measures to pursue further opening.” Following this speech, the National Development and Reform Commission (“NDRC”) published its Answers to Reports’ Questions Regarding Promulgating New Negative List of Foreign Investment (“Negative List”) and Opening-Up of the Manufacturing Industry (“Answers”) on the official website of the Central Government. Through this document, the NDRC expressed its efforts to accelerate its pace to formulate a new Negative List along with other relevant departments, which echoed the major measures mentioned in President Xi’s speech. It also stressed that the manufacturing industry will be the priority in the new Negative List, and easing the restrictions on foreign investment in the automotive industry will be the focus in this prioritized area.
28 October 2019
Transport

JunHe Enabled Client’s Success in First Online Aircraft Auction in China

  On February 6, 2013, Jade Cargo International Airlines, the first Sino-foreign cargo airline company, filed for bankruptcy with Shenzhen Intermediate People's Court. Since October 26, 2015, the bankruptcy administrator of Jade Airlines has auctioned three self-owned Boeing 747 cargo airplanes offline on six different occasions, but all had failed. On September 19, 2017, the three airplanes were placed on online judicial auction platform operated by Alibaba with the court's approval. This is the first time that a bankruptcy estate has been auctioned online in accordance with rules promulgated by the Supreme People's Court of China with respect to online judicial auction.  
28 October 2019
JunHe