Recently, Gaopeng Law Firm stood out in fierce competition through strict selection procedures by National Financing Guarantee Fund Co., Ltd. (hereinafter referred to as "National Guarantee Fund") and successfully won the bid and was shortlisted for the National Guarantee Fund's external lawyer pool. This bidding was led and organized by Wei Zhijian, a senior partner at Beijing Gaopeng Law Firm.

The National Financing Guarantee Fund Co., Ltd. was approved by the State Council. In 2018, the Ministry of Finance, together with 20 banks and financial institutions including Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, Bank of Communications, and China Development Bank, jointly initiated the establishment of the National Financing Guarantee Fund.

On July 26, 2018, the National Financing Guarantee Fund completed its industrial and commercial registration, and was officially launched for operation on September 26. The initial registered capital was 66.1 billion yuan. The National Financing Guarantee Fund adheres to the quasi public positioning of government financing guarantees, operates in a "policy oriented, market-oriented, and professional management" operating mode, actively promotes and supports the construction of the government financing guarantee system through re guarantee and insurance, equity investment, and other methods, in order to further play the "amplifier" role of fiscal funds, guide more financial resources to flow to inclusive fields such as small and micro enterprises, agriculture, rural areas, entrepreneurship and innovation, and strategic emerging industries, promote mass entrepreneurship and innovation, and promote supply side structural reform and comprehensive economic and social development.

This entry into the external lawyer pool of the National Guarantee Fund is a good start for Gaopeng Law Firm to provide legal services for the National Guarantee Fund. In the future, Gaopeng will take this as an opportunity and continue to adhere to the firm philosophy of "integrity and excellence", providing professional, efficient, and high-quality legal services for the national guarantee fund.