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JunHe Assists in the Establishment of SAIC Goldstone’s Innovative Manufacturing Industry Fund


Recently, JunHe assisted Goldstone Investment in completing the establishment of the SAIC Goldstone Innovative Manufacturing Industry Fund. The initial size of the fund is RMB 6 billion and it is jointly funded by the SAIC Group, an investment company affiliated with the Wuxi High-Tech Zone, and CITIC Securities Investment. Goldstone Investment Group Limited (“Goldstone Investment”), is a wholly-owned subsidiary of CITIC Securities. Goldstone Investment acted as the general partner together with an investment platform affiliated to the SAIC Group. It also acted as the fund manager. The fund focuses on quality investment opportunities in innovative manufacturing sectors related to the automotive industry chain and intelligent manufacturing. This  includes high-end equipment, intelligent manufacturing, intelligent network connection, semiconductors, artificial intelligence, Industrial Internet and information security.

As the legal advisor to Goldstone Investment, JunHe participated in the whole process of the preparation and establishment of this fund. This included assisting the client in designing and optimizing the fund structure, drafting a full set of legal documents for the establishment of the fund, designing and constructing the management team’s follow-on investment platform, and the fund settlement and recording. Throughout the course of the project, the project team accurately grasped the risk preferences and commercial demands of the different fund partners. The project team balanced and coordinated the interests of all parties, reflecting JunHe’s professional, rigorous, pragmatic and efficient legal style.

The lead partners of this project were ZHAO, Xiyong (Sammuel) and WANG, Man (Shelley).

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.