Former Everbright partner Chen Yongxing has joined the Shanghai office of Zhonglun W&D as a senior partner. This addition brings the total number of partners in the Shanghai office to ten. Chen is joined at Zhonglun W&D by his Everbright team of five lawyers.
Chen, specialising in commercial real estate projects, real estate development and construction and assets securitisation, has advised on many landmark shopping mall projects. He is currently acting for CapitaLand Dragon Dream-Hongkou Square, one of the largest shopping malls in Shanghai.
A member of the real estate law Study Committee of Shanghai Bar Association, Chen is one of the foremost experts in the area of assets securitisation of commercial real estate financing. He believes that China's commercial real estate financing is still in a nascent stage and is limited in practice, but will become more open in the near future.
"I believe my real estate team will get ahead in the area of assets securitisation of commercial real estate financing in China through Zhonglun W&D's platform, which has already developed well in this area," said Chen. ALB
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