On August 22, the secretariat of National Association of Financial Market Institutional Investors (“NAFMII”) sent Dacheng a thank-you note, in which NAFMII expressed heartfelt gratitude for the professional revision suggestions Dacheng has contributed for the exposure draft of Standard on the Underwriting of Debt Instruments by Non-financial Enterprises (hereafter referred to as “the Standard”).
The gratitude primarily went to Zhang Gang, senior partner of Dacheng’s banking and finance practice and a legal expert NAFMII has engaged. Having received the exposure draft of the Standard, Mr. Zhang organized seminars to discuss with his team the objectives of the Standard, definition of key terms, composition of underwriting services participants and their scope of work, as well as the draft’s wording and expressions. Detailed suggestions for revision was formulated and handed over to NAFMII, who would at a later time organize panel of experts to synthesize all suggestions contributed by association members and revise the draft accordingly.
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