ENG

  • Richard ZENG

    Equity Partner / Beijing

  • Tel +86-10-5957-2058

    Email richardzeng@zhonglun.com

  • Practices

    Cross-border Investment/M&A, Chinese Mainland Capital Markets, Litigation & Arbitration

  • Industries

    Insurance, Healthcare, Pharmaceuticals & Life Sciences

CV

Richard ZENG

Mr. Zeng received his LL.M. in International Private Law and LL.B. from China University of Political Science and Law, and he also studied at SOAS of University of London with sponsorship from the UK Lord Chancellor Scholarship.
Mr. Zeng has over 20 years of experience in his fields of expertise. He is a native Mandarin speaker and also fluent in English.
Mr. Zeng specializes in corporate affairs, including foreign direct investment, outbound investment, cross-border M&A, and project financing.
Mr. Zeng has extensive experience in the areas of finance and insurance, pharmaceutical and life sciences, real estate, energy, high-technology, education, etc. He counts among his clients renowned international investment institutions and Fortune 500 companies, such as the International Finance Corporation (IFC), Singapore Government Investment Corporation (GIC), the French aerospace company Airbus, the French company Lafarge, the French pharmaceutical company Sanofi-Pasteur, the American company Wabtec, the American company EXCEL, the Israeli company AMITEC, the German pharmaceutical company Fresenius Kabi, and the HK company Goldin Real Estate, and he has also advised renowned state-owned enterprises and insurance companies, such as China Energy International Group, CITIC Group, China Communications Construction Group, CICC, China Life Insurance, China Reinsurance Group, Taikang Insurance, and New China Life Insurance (NCI).

Representative Matters

Foreign Direct Investment in China

  • Advised Airbus S.A.S. on its establishment of a joint venture in China to carry out aircraft lifecycle services in the Pacific areas, with services including providing consultancy on issues related to Chinese laws, and drafting/reviewing, revising and negotiating about project documents, such as joint venture agreement, articles of association, design and construction agreement, lease agreement, equipment agreement, and license agreement

  • Advised Airbus China on the amendments of the joint venture contract and articles of association of Airbus Tianjin assembly line in relation to the expansion of business to A320 Ramp Up and the widebody project

  • Advised Airbus China on legal matters in relation to its daily operation and investment

  • Advised the French pharmaceutical company Sanofi-Pasteur on its establishment of WFOEs in China and having acted as its counsel on a retainer basis for its China-based daily business operation since 2009

  • Advised Lafarge on its establishment of joint ventures in China and acted as counsel for these joint ventures on a retainer basis for their China-based daily business operation from 2010 until the completion of combined transaction of private placement and assets/equity purchase by Sichuan Shuangma Cement Co., Ltd., a Chinese A-share listed company

  • Advised the German pharmaceutical company Fresenius Kabi on its new investment in China and the invested enterprises on their daily business operation

  • Advised German Fresenius Kabi on its sale of a Wuhan-based manufacturing WFOE to a Chinese state-owned enterprise in 2020

  • Advised Government of Singapore Investment Corporation (GIC) on its acquisition of equity in China Lianhe Credit Rating Co., Ltd.

  • Advised Government of Singapore Investment Corporation (GIC) on its acquisition of equity in Shanghai-based UIB Healthcare Group

  • Advised Government of Singapore Investment Corporation (GIC) on its investment in Beijing Zhangshangxianji Internet Technology Co., Ltd.

  • Advised Government of Singapore Investment Corporation (GIC) on its investment and participation in the restructuring of the red-chip enterprise Beijing Yidiantao Network Technology Co., Ltd.

  • Advised SOHO China on its acquisition of equity in an offshore company, which indirectly owns an office building in Beijing through its wholly-owned subsidiary

  • Advised International Finance Corporation (IFC) on its equity investment in and loan to a forestry development and manufacturing company in Guangxi, China

  • Advised AMITEC (an Israeli company) on its cooperation with Founder Technology in setting up a joint venture, as well as the JVC’s split-share structure reform and application for A-share listing 

  • Advised CITIC Group on its cooperation with the Indian company TATA Group in setting up a Chinese-foreign joint venture company

  • Advised the Canadian company Continental Minerals Corporation on its investment in a metal mining project in Tibet

  • Advised South Korea’s SKT Company on its acquisition of equity in an online game development company

  • Having acted as counsel since 2011 for the HK company Goldin Real Estate on a retainer basis with regard to its investment in developing a large-scale real estate project in Tianjin

  • Advised the American company Wabtec on its cooperation with China CNR Corporation Limited in setting up a joint venture, among other matters

  • Advised the American company EXCEL on its establishment of a real estate WFOE in China and indirect acquisition and operation of an under-construction building in Beijing through the WFOE


Outbound Investment by Chinese Enterprises

  • Advised China Life Insurance on its outbound equity investment in the American company Uber Technologies Inc.

  • Advised Taiping Life Insurance on its outbound equity investment in the American company Uber Technologies Inc.

  • Advised China Life Insurance on its outbound equity investment in an autopilot enterprise

  • Advised China Life Insurance on its outbound equity investment in the American fund TPG

  • Advised Ping An Life Insurance on its outbound investment in the American real estate fund Blackstone

  • Advised Taikang Insurance Company on its outbound investment in a PE fund owned by the American company Goldman Sachs

  • Advised Sunshine Life Insurance Co., Ltd. on its outbound investment in Zhihu Inc. through a VIE structure

  • Advised China Harbor Engineering Company Ltd. on its acquisition of a water solutions provider in Singapore

  • Advised CGGC Overseas Investment Co., Ltd. on its investment in an Uzbek cement project

  • Advised CGGC Overseas Investment Co., Ltd. on its investment in a Pakistani regional dispatching center

  • Advised CGGC Investment Holding on its acquisition of equity in Kardan Water International Group (HK) Limited through overseas equity transfer transaction

  • Advised CGGC Overseas Investment Co., Ltd. on its acquisition of equity in Sistema Produtor São Lourenço S.A. in Brazil

  • Advised CGGC Equipment Industry Co., Ltd. on its acquisition of equity in Archimedes Solar Energy S.r.l., an Italian company, through overseas equity transfer transaction

  • Advised CGGC Overseas Investment Co., Ltd. on its acquisition of Azad-Pattan Hydropower Station of Pakistan

  • Advised CGGC Overseas Investment Co., Ltd. on its acquisition of SK Hydropower Station of Pakistan

  • Advised CGGC Overseas Investment Co., Ltd. on the formulation of templates of overseas investment transaction documents

  • Advised New China Insurance Company on its investment in and acquisition of logistics real estate projects in 17 European countries by way of overseas equity acquisition, following China Investment Corporation

  • Advised Taikang Asset Management Co., Ltd. on its acquisition of equity in and creditor’s right of a real estate project in Chicago through overseas equity transfer

  • Advising CICC on its outbound investment through a fund managed by it in the online insurance broker Tianjin Vision Tongchuang Technology Co., Ltd. 

  • Advised Zhifang Group on setting up an offshore US dollar PE fund and the fund’s investment in iDreamSky Games

  • Advised Zhifang Group on setting up an offshore US dollar PE fund and the fund’s investment in Internet of Health

  • Advised China Power International Holding Ltd. in relation to its investment in a 100MW + 150MW photovoltaic power plant project in the Philippines

  • Advised China Power International Holding Ltd. in relation to its investment in a 150MW photovoltaic power plant project in Romania


Investment by Insurance Companies

  • Advised China United Life Insurance Co., Ltd. on introduction of new investors and its capital increase and share expansion

  • Advised China Export & Credit Insurance Corporation on its establishment of a wholly-owned non-insurance subsidiary

  • Advised CICC on its investment through the fund managed by it in Datong Insurance Sales Service Co., Ltd

  • Advised China Life Insurance on its investment in Guotou (Shanghai) S&T Achievements Conversion Venture Investment Fund

  • Advised China Life Insurance on its investment in a private education enterprise

  • Advised China Life Insurance Investment Holding Company on its acquisition of Shanghai Wu Mengchao Tumor Medical Center Co., Ltd.

  • Advised China Life Chengda (Shanghai) Health Industry Equity Investment Center (LP), controlled by China Life Insurance Co., Ltd., on its equity investment in Jiangsu Tellacheng Medical Co., Ltd. (a company that features combined medical and nursing services)

  • Advised China Life Chengda (Shanghai) Health Industry Equity Investment Center (LP), controlled by China Life Insurance Co., Ltd., on its investment in Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

  • Advised China Life Property & Casualty Insurance Company Limited on its issuance of bonds to institutional investors in the national inter-bank bond market with a view to supplement the company’s capital

  • Advised China Reinsurance (Group) Company on setting up a fund management company China Re Capital Management Co., Ltd. and the registration of the latter as a private fund manager with Asset Management Association of China (AMAC)

  • Advised the China Reinsurance Asset Management Co., Ltd. on setting up an insurance PR fund, issuing its first, second, third, and fourth tranches, and making investments

  • Advised Ping An Fin-tech Consulting Company, a member of Ping An Life Insurance, on its investment in a Shanghai-based community hospital

  • Advised ABC Life Insurance Co., Ltd. on its investment in China Everbright’s mezzanine fund and other famous private equity funds

  • Advised Beijing Yingchuang Investment Management Co., Ltd. on its participation in setting up an insurance company

  • Advised BOC Group Life Assurance Company Limited, a Hong Kong company, on its reinsurance business in China

Honors and Awards

For Individual

Recommended lawyer, The Legal 500, 2021, 2022, and 2023.

Tier 2 in Outbound Investment, Legal Band (recommended for consetuvie years)

Tier 1 in Insurance, Legal Band (consecutive recommended for consecutive years)

The A-list Legal Expert in China, China Business Law Journal, 2022

Memberships & Affiliations

Enrolled Expert, List of 1000 Lawyers for Foreign-related Matters, Ministry of Justice

Member, Belt and Road Lawyers Committee, All China Lawyers Association

Leader, Insurance Practice Group, Finance Sector Sub-Committee, Zhong Lun

Member, Legal Experts of China Insurance Assets Management Association

Part-time External Tutor, School of Juris Master of China University of Political Science and Law

Guest Tutor for Foreign-related Legal Talents, School of Juris Master of China University of Political Science and Law

Publications

China-specific section in “Doing Business in Asia Pacific” (Chapter 2: Business Environment) (co-author), International Bar Association (IBA) Asia Pacific Regional Forum, 2020

“Latest Interpretation of the Foreign Investment Law”, China Law Review, 2019

“Legal Study on the Establishment of Joint Ventures by Foreign Capital with Intellectual Property Rights”, China Law Review, 2016

“The Impact of Foreign Exchange Policy Changes on Overseas Investment by Domestic Enterprises”, Caixin, 2016

Related

  • Bar Admissions/Professional Qualifications

    PRC Bar, 1997

  • Education

    SOAS of London University, 2006
    LL.M., China University of Political Science and Law, 1999
    LL.B., China University of Political Science and Law, 1996

  • Professional Experience

    Partner, Zhong Lun Law Firm, 2007 to present
    Registered Foreign Lawyers, Baker & Mckenzie Hong Kong Office
    Legal Counsel, Sony (China) Limited

  • Languages

    Chinese
    English