Through intensive competition in bidding, Chambers Yang and his team, with the comprehensive and extensive experience in providing quality and efficient legal services, were engaged by China Development Bank Shanghai Branch as its legal counsel. Before that, Chambers Yang and his team had provided full scope legal services for a 15 billion syndicated loan project lead by the China Development Bank Shanghai Branch.

China Development Bank (“CDB”) is a policy financial institutions set up and approved by the State Council, is a state owned bank designated for development projects under the framework of the commercial banks. At present it has over 32 branches across the country and 4 representative offices.