Team size: Over 200

How do you approach managing legal aspects during periods of instability or crises to ensure the organisation’s resilience?

China Chengtong Holdings Group Co., Ltd. is a central enterprise and a state-owned capital operation company. As a member of the top management team and the Financial Management Committee, and the General Manager of the Legal Affairs and Compliance Department of China Chengtong Holdings Group Co., Ltd., my core mission during unstable or crisis periods is to ensure the continuity and legality of all the company’s operations and businesses, and to ensure the stability, continuity, and predictability of the company’s strategy. To deal with emergencies, we have established a comprehensive internal control system and a comprehensive risk management system based on the compliance management system, paying particular attention to the impact that changes in the international situation, international market fluctuations, and adjustments in domestic and international policies may have on the company. By strengthening the review of contract terms and timely revisions, we ensure that the company has sufficient protective mechanisms in a complex legal environment. In addition, I maintain close cooperation with business departments and invested enterprises, regularly conduct legal risk assessments, and issue a “Major Risk Monthly Report” every two months to ensure that the company’s business operates legally, compliantly, and stably. For example, when the international capital market fluctuated recently, we managed related contracts prudently to avoid losses to the company due to improper handling of force majeure clauses. Through these measures, we have successfully responded to multiple sudden crises and ensured the company’s business resilience in an unstable environment.

What are the main projects that you have been involved in recently?

In recent years, I have participated in several key projects of China Chengtong Holdings Group Co., Ltd. in the reform of state-owned enterprises, especially in the reform of central enterprise shareholder diversification and mixed-ownership reform projects. For example, I participated in the establishment of China Green Development Investment Group Co., Ltd. and served as a supervisor, participated in the merger and reorganisation of Benxi Steel (Group) Co., Ltd. by Ansteel Group Corporation and served as a supervisor of Ansteel Group Corporation, participated in the establishment of China State-owned Enterprise Mixed-Ownership Reform Fund Co., Ltd. and served as the chairman of the board of supervisors, participated in the establishment of China State-owned Enterprise Structure Adjustment Fund Phase II Co., Ltd. and served as the chairman of the board of supervisors, and participated in the establishment of the National Adjustment Phase II Synergistic Development Fund Co., Ltd. and served as the chairman of the board of supervisors. As the head of the legal team, I was responsible for reviewing the establishment of investment agreements and merger and acquisition agreements, ensuring the effective protection of state-owned assets during the reform process, while introducing social capital to enhance the company’s market competitiveness. In these projects, we negotiated with multiple investors to balance the interests of all parties and strictly comply with relevant laws and regulations. In addition, I also participated in the company’s international investment projects under the “Belt and Road” framework, which involved the laws and regulations of multiple countries. My team ensured the legality and compliance of the company’s overseas investments through cross-border cooperation, reducing potential legal risks. Through these projects, I not only helped the company promote the reform process but also ensured the legality, compliance, and sustainability of the business.

What are some of the main trends impacting the industry sector you work in in China?

Currently, the state-owned capital operation industry in China is influenced by multiple trends. Firstly, as the deepening of state-owned enterprise (SOE) reforms progresses, particularly the diversification of central enterprise shareholders and the mixed-ownership reform, it has become a key driver for the development of central enterprises. This requires companies to have greater flexibility in the capital market and to enhance their international competitiveness. We must focus on early-stage, small-scale, long-term, and hard-tech investments, managing long-term and patient capital. Secondly, policies on green development and environmental protection are becoming increasingly strict, especially in the fields of new technology and new energy. Companies need to ensure their operations comply with increasingly stringent environmental standards. This is not only a matter of fulfilling social responsibility but also a necessary measure for legal compliance. Recently, our company has published an ESG report, assessing the company’s sustainable operations and its impact on social values from environmental, social, and governance perspectives. Thirdly, digital transformation is also a significant trend for state-owned capital operation enterprises. The application of technology not only drives the improvement of operational efficiency but also brings new challenges in the field of legal compliance, such as data privacy and information security. Faced with these trends, the task of our legal compliance department is not only to safeguard existing businesses but also to help the company maintain compliance and seek development opportunities in the new market environment.

What is a topic that you are passionate about, and why?

I am passionate about legal affairs in the reform of state-owned enterprises, especially those involving mixed-ownership reform and asset restructuring. This field is crucial for the survival and sustainable development of enterprises and is an important part of promoting the adjustment of the national economic structure. Sustainable development is vital for the long-term interests of human society and is essential for achieving harmonious development of the economy, society, and environment. As state-owned enterprises, we have a responsibility to promote sustainable development and make positive contributions to society and the environment. Sustainable development is also a need for the long-term development of enterprises. Through green and sustainable development, we can improve resource efficiency, reduce operational costs, and enhance the competitiveness of enterprises.