Sidley represented CFLD International Holdings Limited (CFLD) in its borrowing of US$100 million from China CITIC Bank International Limited. This transaction was CFLD’s first financing related to the “Belt and Road Initiative” which is a significant development strategy launched by the Chinese government with the intention of promoting economic cooperation among countries along the proposed Belt and Road routes.

CFLD is one of the leading new industrial city operators in China.

The Sidley team was led by partners Mengyu Lu in Beijing and Raymond Oh in Hong Kong, with support from Singapore-based counsel Jeremy Chase and associate Leo Shaw, as well as associate Jin Jin from the Beijing office.