Dacheng Included in Outside Counsel Shortlist of China Resources

Recently, a Dacheng team composed of senior partners Xu Yongqian, Deng Yongquan and Tuo Wei, having undergone fierce competition from many other firms, managed to make it into the outside counsel shortlist of China Resources (Group) Co., Ltd. (“China Resources”). A place in the shortlist makes it possible for Dacheng’s Global Legal Service Network to reach out to globally distributed subsidiaries of China Resources as it is stipulated that only firms included in the shortlist can likely be chosen to represent the company in its contentious and non-contentious cases.
 
Incorporated and headquartered in Hong Kong, China Resources is an internationalized enterprise group engaged in a diversified range of industrial sectors and a backbone state-owned central enterprise directly under the administration of the State-owned Assets Supervision and Administration Commission of the State Council. It has 7 strategic business units, 21 first-class profit centers and over 1,200 business entities, where a total of 338,000 people are employed. Three out of five China Resources’ companies listed in Hong Kong are constituent of Hong Kong’s Hang Seng Index, namely, China Resources Enterprise Limited, China Resources Power Holdings Company Limited and China Resources Land Limited. In 2012, it was ranked 233rd on Fortune Global 500 list. The core business units include consumer goods (retail business, brewery, food, beverage, etc), power, real estate, medicine, cement, gas and finance.