On 18 June, 2024, Shanghai Lingang Economic Development (Group) Co., Ltd (“Lingang Group”) successfully issued offshore RMB social responsibility bonds of 800 million on both the Hong Kong Stock Exchange and the Luxembourg Stock Exchange, becoming the world's first offshore RMB social responsibility bond by a non-financial institution and the first social responsibility bond from China listed on the Luxembourg Stock Exchange.

J.P. Morgan and HSBC acted as joint global coordinators and Grandall Shanghai Office as domestic counsel to the underwriter with Ms. LIN Lin, Ms. GENG Chen, Mr. HANG Yuqi and Mr. XU Zihong as key lawyers serving the case.