General counsel and chief compliance officer | China National Investment and Guaranty Corporation (I&G)
Long Yunli
General counsel and chief compliance officer | China National Investment and Guaranty Corporation (I&G)
How do you approach managing legal aspects during periods of instability or crises to ensure the organisation’s resilience?
China National Investment and Guaranty Corporation (I&G) is the first national professional guarantee agency, the leading enterprise in China’s guarantee industry and the first president member in the China Financing Guarantee Association (CFGA). I&G has witnessed and deeply participated in the development of China’s guarantee legal system. Over the years, I&G holds the ideas of keeping operating in compliance with the law, innovating adapting to the law and developing by making good use of the law and continuously leads in the guaranteed industry’s development and maintain its status as a flagship enterprise.
To adapt to the increasingly stringent regulatory environment and rapidly changing financial market, I lead and require the legal team of I&G to adhere to the professionalism and help I&G step up to the plate:
We focus on the big picture, grasp the regulatory trends, adhere to compliance bottom lines, and place safety in a more important position.
We properly handle the relationship between development and risk control. We also highly emphasise on the comprehensive and refined management of contracts and promote business innovation on the premise of overall legal risk management.
We embrace changes, closely track new policies and regulations, formulate a series of legal risk tips and work recommendations in a timely manner. We work in deep synergy and cooperation with business teams and actively contribute the value of the law to the company’s strategic advancement.
What are the main projects that you have been involved in recently?
The Air Quality Improvement in the Greater Beijing-Tianjin-Hebei Regional-China National Investment and Guaranty Corporation’s Green Financing Platform Project”, initiated by I&G in cooperation with the Asian Development Bank- has been supporting many sub-projects. This project, as a typical case of green finance, was selected as an excellent practice case of the United Nations Climate Action Summit, and won a number of honors, including the 2020 Global Green Finance Innovation Award selected by the International Finance Forum.
I&G runs the “Xinyijia” electronic guarantee service platform, which issued the first electronic bid guarantee in China and the first one in Beijing, opening “the era of electronic letter of guarantee” of China’s non-financing guarantee business. This platform has issued more than 100,000 letters of guarantee and supported the development of more than 24,000 MSMEs.
How do you build relationships with other teams in the company?
I uphold the spirit of professionalism and focus on building a professional legal team to provide trustworthy and efficient legal support to the business team;
While maintaining the quality of legal review, I improve the efficiency of legal review through a variety of management tools, effectively eliminating the mismatch between business requirements and legal supports.
I lead the legal team to work closely with the business teams, complementing each other in business development, and actively contributing the value of the law to the company’s strategic advancement.