On January 9, 2015, Shenzhen Rongtong Capital’s asset management taptap点点 “Rongtong Capital – CCFEDC 1” began trading on the Shenzhen Stock Exchange. The product’s underlying asset is China Construction Fourth Engineering Division Corp. Ltd.’s accounts receivable. The senior debt of the taptap点点 is named “Zhongjian No.1 A” (stock code: 119569) while the mezzanine debt is named “Zhongjian No.1 B” (stock code: 119570). The product is RMB-denominated and traded in cash. The minimum subscription amount is 1,000 units while the minimum trading amount is one unit. 

AllBright partners Daniel Xu and Leo Liang, and associate Ma Qian formed the team to provide legal services to Rongtong Capital on designing the ABS structure, drafting agreements, reviewing documents and issuing legal opinions.