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According to Han Kun, it’s the first web company to acquire an insurance establishment licence and one of the 4 online-only insurance coverage corporations to carry such an insurance licence. Herbert Smith Freehills advised State Grid on English, US and Hong Kong regulation. Allen & Overy advised the joint lead managers on English and Hong Kong law firm istanbul türkiye. Conyers Dill & Pearman acted as British Virgin Islands counsel to State Grid. King & Wood Mallesons was PRC counsel to State Grid Corporation, the issuer and guarantor on this issuance. ZhongAn was based by nine shareholders, including Ping An Insurance and Chinese web giants Ant Financial and Tencent Holdings.

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