DeHeng Advised China Life Investment Holding on Investing

in Baoding’s Huanghuagou integrated improvement PPP project

2020-01-08

Recently China Life Investment Holding Company Limited has invested 303 million yuan in the Huanghuagou integrated improvement PPP project – first phase of Fuhe water system integrated improvement project of Baoding, in the upper reaches of Baiyangdian, via the BEWG-China Life Investment Water Affairs Fund. The PPP project is expected to attract a total investment of 1.98 billion yuan. By partnering up with Beijing Enterprises Water Group Limited (BEWG) to turn the river in the upper stream of Xiongan New Area into a model area of ecological conservation, China Life Investment Holding shows its responsibility to serve national strategies and pursue green finance as a central state-owned financial enterprise. The project is of great significance for the Beijing-Tianjin-Hebei coordinated environmental governance.

The PPP project covers a watercourse of about 20.265km and a water area of about 242.9937 hectares. It consists of four parts: watercourse improvement, water environment improvement, watercourse landscape, and smart water affairs. As the demonstration project of integrated environmental governance in the upstream of Baiyangdian, the project, once completed, will greatly alleviate the flood and waterlogging risks along Huanghuagou, improve Baoding's city landscape and Baiyangdian's upstream water quality. It marks a key step toward building an ecological barrier in the upstream of Xiongan New Area. 

As the special legal counsel for the investment, the DeHeng team, led by partner Huang Huazhen and with primary support from Zou Minjing, Li Xiaoyi and Li Yanan, provided whole-process legal services for the client, including project negotiation, contract negotiation, drafting and revision, and legal opinions. Their premium and efficient legal services laid a solid foundation for the success of the investment.