One of my dreams
---------The lawyer about united securities market expansion And related business strategy（一）
We must know that, in the securities market legal business has been all lawyers of high-end domain, also chasing my hidden in the bottom of practicing years of a great dream. As a legal professionals in the league to get thinking (Shanghai) lawyer office development direction of opportunity, consideration is how to improve the core competitiveness, and how to cut and expand similar financial securities, investment, real estate and other high-end field of legal services, these problems are placed in front of the task.
A lawyer, the specialization
One cannot change the fact that, in the market segment principle of lawyers have become the mainstream trend for. So-called "high-end business" in this law, the law in business related professional knowledge and skills, must be higher than other lawyers law and economy, the knowledge structure of the compound compound requirements may even extend to all areas of potential. Based on the above judgment, for team members will be selected by law on the high extent.
Second, team construction
So far, there are already arranged by the various aspects: and selected two already obtained lawyer qualification of securities and three years of practice, senior lawyers in the financial securities group, each team member to assign to participate more and more practical training and practice, and improving the financial securities group the lawyer team of combat. Especially not obtain qualifications of securities in the future of the team members must be within half a qualification examination by securities and members to participate in the examination, choose different subjects between team members for professional subdivided into the knowledge and skills that team after operation, the overall coordination.
As an integral part of the team building, relevant experts in the field of consultants will be the inevitable choice of current and implementing emphasis. The partners are (in) on-the-job fudan university, east China university of politics and law schools for many domestic famous universities, which provides for the related experts to maintain good opportunity, in contact with the natural conditions mature circumstances, not eliminate these experts employed as an adviser to guide the development of the team could also does not exclude the expert lawyers participate directly in the securities market, undertake such as equity merger, asset reorganization, etc. Experts and consultants guidance and participate in the smooth development is the guarantee of high-end business intelligence, but also the solid the future of the necessary conditions for improving the core competitive power.
Third, the demand
Service has been driven by demand of customers, since the league the lawyer (Shanghai) was founded in 2003, has always been a concern of zheshang growth and development trend. Wenzhou region alone, its abundant folk capital, according to the reliable data is universally acknowledged by the end of 2003, the wenzhou private funds is capital is 27.7 million, A conservative estimate, wenzhou folk capital should be in 60 million, At the same time, the temperature in the shang as zheshang most dynamic part, its sharp market olfaction are americans know whether place fry building group, merger, state-owned enterprises, or Fried groups, demonstrates the unique understanding market merchants.
But, in the capital market, we do not see the merchants have corresponding. Scarce resources listed (only zhejiang east in a-share listed in nasdaq listings, red, HuaYi appliance recently listed) and the shell by abundant folk capital, the development of the private economy strong backlash asymmetry, cannot say not A pity.
At the same time, make the excitement is this asymmetry is attractive to the prospects of legal service market, we noticed any entity economy is booming, the final destination is the capital market, merchants also could not exceptional. Based on this conclusion, into capital market will compete with the foreseeable future in wenzhou private enterprises in order to increase the inherent demand fission way. As is known to all, capital markets, including lawyers, consulting and accounting and auditing and modern service industry built unrivaled flowery stage, in turn, modern service industry in the capital market, constructing the foundation, leaving them, capital market will be non-existent.
This is the conclusion, we also beginning. Periodic Was the starting point. Due to this conclusion itself only for the intervention of the field reveals the reason and confidence, opportunity always favors are ready for my head, this is also prompted this strategic thinking of one of the motivations.
Four, the advantage
As the Shanghai to follow zheshang indigenous law firm, in wenzhou and Shanghai, compared with services include regular customer groups focused on temperature, temperature and in Shanghai, zhejiang merchants, Shanghai as the Asian financial center, built in the evolution of domestic capital market will play an important role in the process. Only two, this place is the capitalization of merchants to provide legal services on the unique advantage of have more than is not necessary for the paper.
The key is that we need in professional with customers and potential customers continue to reach a consensus. We believe our advantage is specialized on the basis of localization, rather than the contrary, Because capitalization, whether customer or process of law itself is a unified and open markets, in here, the rules of the game determines who are not privilege, there is no local advantages. Our local advantages of understanding is based on the communication between the customer and the lawyer, or in the cost of opportunities, just slightly. The relevant accessory has clarified the core values, attached enhancement.
Five, and private investment company foundation for cooperation
Given the HuXuCang holdings u-right chairman has recently launched established private-equity company, its starting point and strategic objectives are and the concept of the above, we have reason to believe that exists between the broad cooperation space, especially the client. A pleasant, private investment company is already established with the legal adviser of this act, the law provides that the support and cooperation relations with the deep, more long-term strategic cooperation forms.
Private investment company goal is the local folk capital, wenzhou, to provide help for the capitalization of strategic investment projects, etc, and all of these are closely with legal services, which is within the scope of the target clients vision and demand, Ideally, the existing customers can even for private-equity investors and companies, both to capture the win-win foundation project is self-evident.
Six, client and its defects
Cannot avoid: wenzhou corporation in the path of capitalization of the biggest obstacle is backward facing the corporate governance structure, the financial system is not perfect, but these disadvantages, into capital market unstoppable its pace and trends. Born in the form of wenzhou municipal finance do fang xinghai, deputy director of the word: China's capital markets, DaoBi reform should be open to! Wenzhou corporation to be listed DaoBi regulate and perfect, also be wise and farsighted. Familiar as the company law and the law professionals in to help customers improve corporate governance structure, standardize financial system should be adroit and.
Seven, about private
Notice the initial investment company private equity emphasized, necessary "private" legal definition and features under a clear:
Private equity is relative to the public offering of securities issuance is concerned, the method, whether in no particular social public issuance of securities for public issuance or difference, define an offering and private or public offering of securities or equity securities. Financial markets often say "private fund" or "underground fund", is a kind of publicity, private investors to raise funds for specific a collective investment. The two basic ways, one is based on the contract signed entrust investment fund collection and intermittent is established based on the joint stock company shareholder of the company collection of investment funds.
First, private equity fund raising funds through the open mode. Secondly, in collect object, the object is a private equity fund investors, the circle of specific small threshold is not low. Third, and raised funds of strict requirements of different information disclosure, private fund this requirement is much lower, and the government regulation and corresponding more relaxed, private equity funds invest more and more flexible operation, concealment, get high yield returns the opportunity also bigger.
The above characteristics, private-equity around by the association to previous wenzhou place fry building group, including various forms of assembled funds to buy private investment real estate, Even the customers with private means there are cases of raising funds, real estate development, breathtaking traversed hundreds of millions of. Wenzhou region widespread phenomenon of wenzhou private only shows the number of folk financing and speed than people imagine. But these initial stage of private law regulation due to lack of high risk, and led to a series of spinal dispute, further verified took the capital needed in legal form more safe and efficient for export.
Private investment company is born to the above requirements of new forms of securities investment fields, including current popular trust model of securities investment fund is relative to the original private more scientific, reasonable and transparent way of funds collection. Throughout the history of investment, in which a joint investment behavior (male) except not share the private forms? As a limited liability company, joint venture established between the shareholders of the company decided early on mutual trust is a private company, and then the mind. Accordingly, I don't think it is necessary to emphasize the "private" in the form of characteristics (though it has raised some relative to the advantage of the core task and more) how accurate orientation should be raised through "private" the capital efficiently and robust investment strategy.
Eight, summary and outlook
Always believe that this is the best lawyer, capital of the stage. Wenzhou local private investment company was established and the abundant capital strength, supplemented by representatives of the private entrepreneurs and direction of mainstream value investment philosophy, its development and expansion of the beautiful vision was well-received. This is of advantage and the localization in the aspects of preparation of specialization and hard, and the private capital trust relationship between the existing for China's strategic cooperation has laid a foundation of substantial, perhaps this will be my hidden deep within a decade of dream of a chance encounter!
Zhejiang lian ying lawyer firm. Shanghai
Lou YiJie |
