On November 2017, the National Association of Financial Market Institutional Investors issued the Notification of Acceptance of Registration (Zhong Shi Xie Zhu [2017] PPN466) in accordance with the Administrative Measures for Debt Financing Instruments of Non-Financial Enterprises in the Inter-bank Bond Market ( People's Bank of China Decree [2008] No.1) and relevant rules of self-regulation of National Association of Financial Market Institutional Investors, who decided to accept the registration of private placement note (PPN) of Shanghai Land (Group) Co., Ltd in amount of RMB 10 billion.

The first batch of securities lawyer, founding partner of Jin Mao Partners, Jack Li led a service team as Shanghai Land (Group) Co., Ltd issuer counsel for the issuance of 10 billion PPN, and provide full legal service to this project. Bank of Communications Co., Ltd. and Shanghai Rural Commercial Bank Co., Ltd took the position as the co-underwriter. This large-scale financing project of Shanghai Land (Group) is the first billion RMB financing project of Shanghai State-owned Holding Group after the 19th National Congress of the Communist Party of China, and is devoted to building a large-scale urban renewal platform for Shanghai's international metropolis. This project is another classic example of financial markets after Jin Mao Partners completed its legal services on the issuance of the first non-public trade pilot zone financing instrument on November 28, 2017.

Founded in 2002, Shanghai Land (Group) Co., Ltd is a wholly state-owned large enterprise group approved by the Shanghai Municipal People's Government with a registered capital of RMB 4.2 billion. The main businesses scope of Shanghai Land (Group) include pre-development of land reserve, construction and management of beach land, investment in municipal infrastructure, transformation of old areas and development and operation of real estate. As of the end of the 12th Five-Year Plan, the total assets of the Shanghai Land (Group) amounted to RMB212.3 billion.