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JunHe Assists Xiaomi Corporation with its Successful issuance of Panda Bonds


Upon approval by National Association of Financial Market Institutional Investors (“NAFMII”) in March 2020, Xiaomi Corporation successfully completed its first tranche of private placement bonds in the registered amount of RMB 1 billion to fund coronavirus prevention efforts on April 2, 2020 (this “Issuance”).

Xiaomi Corporation is a well-known Internet company and with JunHe’s assistance, was listed on the Hong Kong Main Board in 2018. This Issuance is the first time for Xiaomi Corporation to raise funds in the domestic bond market; and Xiaomi Corporation is also the first small red-chip company to successfully issue Panda Bonds in China.

JunHe, acting as the PRC legal counsel for Xiaomi Corporation, assisted with the successful completion of this Issuance under the severe coronavirus situation and turbulent market conditions, by providing professional advice in relation to the PRC legal issues, assisting Xiaomi Corporation in communicating with NAFMII, drafting and revising offering circular and other transaction documents and filing submissions and issuing PRC legal opinions, etc.

JunHe team was led by Partner YU, Yongqiang (YY), with the assistance of Messrs. Shi, Tiejun and LI, Zhi.

JunHe is the only Chinese law firm to be admitted as a member of Lex Mundi and Multilaw, two international networks of independent law firms. JunHe and selected top law firms in major European and Asian jurisdictions are “best friends.” Through these connections, we provide high quality legal services to clients doing business throughout the world.