On December 13, 2023, Zhang Li, a senior partner at Beijing JAVY Law Firm, was invited to attend the fifth meeting of the Risk Control Committee of the Xiongan Equity Exchange. The meeting reviewed and evaluated two enterprises applying to issue non-public convertible bonds and provided consultation and guidance to companies applying for listing, offering professional opinions and voting on the applications.
Formerly known as Hebei Equity Exchange and Shijiazhuang Equity Exchange, the Xiongan Equity Exchange has served over 20,000 specialized, innovative, and technology-oriented enterprises since its opening in October 2013. The exchange has listed 2,513 companies, facilitating total financing of 101.42 billion yuan and equity transfers of 33.351 billion yuan. According to the China Securities Regulatory Commission, in the past three years, the exchange ranked third nationwide in new equity pledge financing and fourth in new equity financing.
After a decade of development, on December 8, 2023, the exchange relocated to Xiongan New Area and was renamed Xiongan Equity Exchange. This move supports Xiongan New Area in undertaking non-capital functions and enhancing services for central enterprise headquarters and their subsidiaries or innovative business segments. Zhang Li has been involved in the initial equity custody and transaction discussions since the exchange's inception. For ten consecutive years, he has served as a member of the Listing Expert Consultation Committee and the Risk Control Committee. He has leveraged his expertise to help over 40 companies get listed on the exchange and facilitated the issuance of over 400 million yuan in private and convertible bonds without any defaults. This review meeting was the first held since the exchange's relocation and renaming to Xiongan Equity Exchange.
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