To deepen “law + finance” collaboration and help enterprises conduct cross-border business in compliance and steadily expand domestic and overseas markets, Guangdong Qianhai Law Firm and Hang Seng Bank held a discussion on 22 September. Yang Chunxue, Partner, and Song Ge, Overseas Executive Director, warmly received the Hang Seng Bank delegation, and the two sides held in-depth discussions on cross-border expansion, cross-border investment and financing, and compliance and risk control.

▲  On-site Discussion and Exchange

During the discussion, Yang Chunxue introduced the firm’s overall development and its foreign-related legal service footprint. The firm has established a domestic and overseas service network and focuses on cross-border intellectual property, cross-border finance, cross-border investment and financing, and cross-border commercial dispute resolution. It is continuing to develop its cross-border foreign-related compliance centre and focuses on serving companies in cross-border e-commerce, new energy and advanced manufacturing as they expand overseas. In light of enterprises’ actual needs, the two sides held full discussions on connecting legal and financial services and on preventing and controlling cross-border compliance risks.

▲  Lawyer Yang Chunxue, Partner

Song Ge introduced the firm’s branch network. Qianhai Law Firm has established branches in Urumqi, Haikou and Xi’an, with branches in Kunming, Jinan and Hong Kong in preparation. Drawing on regional advantages, these branches serve key trade and economic regions including Central Asia, Southeast Asia, Northeast Asia and the Hainan Free Trade Port, forming a foreign-related legal service system that covers the whole country and connects overseas markets.

▲  Song Ge, Executive Director of Overseas Regions

Feng Jiajun, Business Financial Services Director of Hang Seng Bank, introduced the bank’s integrated cross-border financial service capabilities, explaining in detail supporting services such as cross-border account management, investment and financing, and wealth management, and sharing compliance priorities for cross-border business in light of the latest regulatory requirements in Hong Kong. Against the two-way demand of mainland enterprises going global and overseas enterprises developing in China, the two sides explored integrated legal and financial service models and reviewed risk control measures for cross-border business.

▲  Director Feng Jiajun, Hang Seng Bank

Both sides agreed that Hong Kong, as an international financial hub, is an important platform for mainland enterprises going global, and that “law + finance” synergy is an important support for cross-border growth. Going forward, the two sides will leverage their respective strengths in multi-dimensional cooperation: first, promoting two-way referral of clients to provide integrated legal and financial services for cross-border businesses; second, strengthening collaboration at the business front end, jointly conducting risk assessment and prevention to improve service quality and efficiency; and third, drawing on Qianhai’s advantages to hold regular industry exchanges and compliance salons, establish a long-term communication mechanism, and continuously improve the joint cross-border service model for complementary resources and mutual benefit.

The discussion established an efficient platform for cooperation between the firm and a financial institution and consolidated the foundation for cross-border business cooperation. Going forward, the two sides will continue to deepen regular, practical cooperation, empowering enterprises through both law and finance to ensure compliant and steady cross-border operations and to support the high-quality development of cross-border trade and investment in the Guangdong–Hong Kong–Macao Greater Bay Area.

▲  Group Photo of Both Parties