Yingke London China Center Grand Opening

On 19th of November 2015, the Grand Opening of Yingke London China Center was held at the House of Lords. It was hosted by the Earl of Shrewsbury, and the participants included Mr. Jin Xu, the Commercial Counselor of Chinese Embassy in England, members of the House of Lords, British entrepreneurs, Chamber of Commerce Representatives, Chinese entrepreneurs, part of Yingke overseas partners, as well as hundreds of guests from government authorities, legal circle, financial community and media milieu. Mr. Mei Xiangrong, Director and Founding Global Partner of Yingke, Chairman of Yingke Global Board of Directors, and Founder of Yingke China Center, made an overall introduction. Ms. Yang Lin, Global Partner of Yingke, Director of Yingke International, Executive Chairman of Yingke Global Board of Directors and CEO of Yingke China Center, explained the meaning of the founding of Yingke China Center, and pointed out that Yingke will promote more Chinese enterprises to invest in the UK through Yingke London China Center.

Figure above: Mr. Mei Xiangrong, Director and Founding Global Partner of Yingke, Chairman of Yingke Global Board of Directors, and Founder of Yingke China Center with the Earl of Shrewsbury

Figure above (left-to-right): Yingke  London China Center Non-executive chairman, Yingke global advisory committee on British investment adviser Mr. Bijan Sedghi; CEO of Yingke London China Center  Ms. Li Mingquan; the Commercial Counselor of Chinese Embassy in England Mr. Jinxu; Mr. Mei Xiangrong, Founding Partner, Global Partner and Director of Yingke, and Chairman of Yingke Global Board of Directors; Ms. Yang Lin, Global Partner of Yingke, Director of Yingke International and Executive Chairman of Yingke Global Board of Directors

Figure above: part of Yingke global partners at the House of Lords

Yingke global advisory committee on British investment adviser and non-executive Chairman of Yingke London China Center, Mr. Bijan Sedghi has very rich resources in politics and finance in Britain, which benefits a number of  projects of Chinese companies in the UK. As the CEO of Yingke London China Center, Ms. Li Mingquan used to work at Oxford University, and has worked in the UK for more than 20 years with very rich network resources.

On the ceremony, Yingke also announced the sole alliance relationship with British well-known law firm Memery Crystal. Memery Crystal is an independent law firm of trusted, commercially aware advisers with a reputation for providing high quality, value adding advice to enterprises and individuals. With a keen business sense and customer trust, they set themselves apart from their competitors through their pragmatism and pro-activity. Memery Crystal has a strong internal culture, based upon a set of core values, which underpins its individuality, its emphasis on long-term client relationships and their collegiate and entrepreneurial approach. It has a strong international focus as well, which has considerable cross-border transactional and dispute resolution experience. Memery Crystal Law Firm is the GGI member. GGI is one of the ten largest alliances specialized in international law, accounting and consulting, providing the opportunities of high quality services in the main global financial centers. The co-operation between Yingke and Memery Crystal marked a progress in Yingke’s international strategy, meanwhile, it facilitates the trade development between China and the UK.

Figure above: Partners of Memery Crystal Law Firm Mr. Nick Davis (left 1st) and Ms. Lesley Gregory (Right 2nd) with global partners of Yingke

In the opening ceremony and the press conference, Mr. Mei Xiangrong and Ms. Yang Lin both pointed out that the UK has always been an important overseas destination for Chinese enterprises. With the Chairman Xi’s trip to Britain in October, British and Chinese relationship has stepped into a golden age, which provides a great opportunity for Chinese enterprises to develop business in the UK. Chinese companies have great interests in many British areas, including real estate, high-tech, new energy, etc. According to the official data, in the past five years, Chinese investment in Britain has been grown by an average of 85% per year, and last year the total investment amount reached $5.1 billion. At present, this trend is still going up, and there will be more Chinese investments in the UK in the future.

That how to get familiar with the local investment environment, policies and regulations, and explore business opportunities, is the challenge for the Chinese enterprises, meanwhile,  it asks higher requirements for Chinese law firms in terms of international services. To meet these requirements and Yingke’s international development strategies, Yingke decided to establish China center in London, to provide legal and business services among the two countries. Furthermore, in view of the UK as an important country in Europe, the founding of China center in London also symbolizes a significance progress here.

Figure above: the grand opening of Yingke London China Center

In recent years, along with the growth of Chinese enterprises and globalization, Yingke has set up branches in 32 cities in China, and 30 global offices in four continents’ important cities and commercial centers, with more than 3400 domestic lawyers throughout the country and over 5000 lawyers and employees around the world, which has provided legal services for hundreds of thousands of enterprises. Yingke international has already provided services for Alibaba, China south Locomotive, Zoomlion Group, Hisense Group, Xugong Group, China Mechanical Equipment Group, Nuclear Research Institute, Design Institute of North China, Zongshen Industrial Group, Chongqing Food Group, Sichuan Haidilao Catering Co., LTD, and other well-known enterprises. Yingke will also open offices in France, Switzerland, Japan, Malaysia, Indonesia, Thailand, South Africa, Australia, New Zealand, Canada, and Kazakhstan, etc., to complete a comprehensive Yingke global service system, improving the capacity of Yingke global legal services.  Yingke will be led by its recent establishment of China “Go Abroad” Alliance, Yingke Global Advisoy Board, as well as Yingke overseas China centers as a platform which would gather Yingke global resources for overseas investments of Chinese enterprises to provide oppotunities regarding admittance to target countries, docking investment opportunities, investment project feasibility analysis, legal and tax services, consulting services, etc., with a purpose of achieving the goal of legal and business “one-stop” services for the enterprises, and striving to become the preferred partner of Chinese enterprises in the field of overseas investments.

P.S.:

The grand opening of Yingke London China Center has attracted huge attention from Asian Legal Business, China Daily and The Times.

Figure above is the report from Asian Legal Business.

Figure above is the report from China Daily.

Figure above is the report from The Times.