| China National Investment and Guaranty Corporation (I&G)
China National Investment and Guaranty Corporation (I&G)
China National Investment and Guaranty Corporation (I&G) is a leading enterprise in the guarantee industry in China and president member of the China Financing Guarantee Association (CFGA), established in 1993 by the Ministry of Finance and the former State Economic and Trade Commission. For 25 years, the legal team of I&G has been involved in guarantee and property law and other legislation work, drafting special reports in the formulation of the judicial interpretations related to law and regulations on the supervision and administration of Finance-Guarantee companies and regulations on real estate registration playing an important role in improving guarantee law in China. Internally, the team has designed a comprehensive contract management system and template database, which currently includes more than 210 templates and has been properly categorised into three main classes based on the extent to which the terms and conditions can be modified: format contracts, standard contracts and reference contracts. A nominator said, ‘the team has reviewed all of I&G‘s contracts and played a leading role in the industry. In addition, I&G attaches great importance to the construction of the legal risk control system, promulgating relevant measures and guidelines for all aspects of the legal work, establishing legal work standards for all the company’s major businesses and a working style in which the legal team is fully involved in the company’s business. This enables the team to continuously provide legal support for the company to take the lead in the guarantee industry and maintain its status as a flagship enterprise’. A nominator also identified the legal team’s work on the 2017 “Air Quality Improvement in the Greater Beijing-Tianjin-Hebei Regional-China National Investment and Guaranty Corporation’s Green Financing Platform Project”, which was initiated by I&G, the Asian Development Bank and the National Development and Investment Corporation.