Dacheng Retained as Standing Legal Counsel of Fujian State-owned Assets Management Co., Ltd.

On May 6, 2015, attorney Zhang Changchun from Dacheng’s Fuzhou office was retained as standing legal counsel of Fujian State-owned Assets Management Co., Ltd.. Zhang would advise the company on important decision-making on and operation and management of enterprises unhooked from the government. 

Fujian State-owned Assets Management Co., Ltd. was founded in 2005. It is mainly responsible for receiving and managing enterprises established by provincial-level administrative agencies of Fujian. Guided by the principles of receiving the enterprises at a steady tempo, classifying the assets before reform, and managing them in effective and scientific ways, the company aims to safeguard the security and completeness of state-owned assets and preserve or increase the value of them. This is realized by market-oriented measures such as merge and restructuring, allocation and transference, realization, and liquidation and deregistration. Ultimately, it will become an important platform for state-owned assets management, investment and financing, and capital operation. 

The team led by Zhang, having accumulated rich experience in serving state-owned enterprises in the past, devised targeted legal service plans and stood out from all the competing firms.