The legal team of Gaopeng & Partners, including Zemin XIA, Chief Advisor of Gaopeng & Partners, Director Dr. Zhaoyue QI, Executive Director Chenglu DIAO, Deputy Director Qiaohong HAN of Gaopeng & Partners Yangzhou Office, Vice Directors Dian Hu and Yufeng HU of SME Legal Center, and Yuliu WANG, member of the Management Committee of Gaopeng & Partners Taizhou Office, went to Dainan Town on August 4, 2020 to probe into the legal construction status of stainless steel enterprises.

Secretary General Peilin SHEN of Xinghua Stainless Steel Association, Vice Chairman Zhongyu LIU of Xinghua Stainless Steel Casting Association, Chairman Dong HU of Xinghua Stainless Steel Tube Association, leaders of Shengxin, Taihui, Jiqiang, Hongtai, Jinggong Chain, Fuyang Special Steel, Runchen New Material, Litai Machine Parts and other companies, and heads of all departments of Shengxin were present at the seminar.

The entrepreneurs exchanged views on corporate profile and legal issues they encounter in operation at the seminar, and extended a warm welcome to Gaopeng & Partners Yangzhou Office and Taizhou Office for promoting the legal construction project of member enterprises of the Stainless Steel Association, indicating that they will actively participate in the survey on the status quo of rule of law, diagnosis of legal demands, legal knowledge training and other activities.


The legal team visited Minglu Company in the afternoon guided by Secretary General SHEN. Chairman Aiming MA of the company introduced company profile, operation status and possible legal demands. Minglu Company has won many titles of honor successively, such as “High-and-New-tech Enterprise of Jiangsu Province” and “Private Technological Company of Jiangsu Province”.

As an important part of the stainless steel industry in China, Dainan Town is also the national demonstration base for “urban mineral products” and national characteristic town. After nearly sixty years of development, Dainan Town has established the stainless steel industrial chain covering the recovery of waste raw material, smelting, quality testing, rolling, acid pickling, products, logistics, commerce and trade, mobilized the entrepreneurship and employment of Dainan Town and 200,000 people in the surrounding areas, and formed the effect of concentration of special industrial resources of stainless steel, gathering of companies and industrial cluster radiating to “three cities (districts) and seven towns”.

However, the stainless steel industry is faced with high pressure and daunting challenge amid the adjustment in national industrial policy and the development of industrial technologies. Issues related to environmental supervision, labor employment, financing guarantee and payment collection have almost become the common issues of most enterprises. In addition, much of the enterprises are standing at the critical juncture of handing over corporate management from the first generation of entrepreneurs to the second generation of entrepreneurs, and corporate turmoil arising out of the change of corporate management and the adjustment of the corporate governance structure may occur from time to time. How to smoothly realize inter-generation wealth inheritance on the basis of value preservation and appreciation also evolves into a key focus of entrepreneurs.

Going forward, the legal team of Gaopeng & Partners will continue to thoroughly understand the demands of stainless steel enterprises for legal services under the support of the Stainless Steel Association and join hands with other lawyers and legal workers to provide legal guarantee for the transition, upgrading and high-quality development of the stainless steel industry of Dainan in the systematic project of legal construction.

(This article is translated by software translator for reference only.)