Ever since I started teaching as a One Belt And One Road Initiative Legal Expert in Lanzhou University in November 2018, I have always wanted to visit Lanzhou New Area including Lanzhou Inland Port as an important stop in China for the Belt Across Central Asia to Europe and also the Southern Connection to Fangchenggang and Qinzhou Port in Guangxi to South East Asia.
So when we finally made the trip today with Prof Cai Yuhong of Lanzhou University Law School and Lanzhou lawyer Alan Smith, what we saw far exceeded our expectations.
Considered an almost “dead road” in the Loess Plateau of Northwest China for many years, the One Belt And One Road Initiative has given Lanzhou a new lease of life.
Lanzhou New Area is a state-level new area (special economic and political administration zone) established in 2012 and is under the direct control of the municipal government of Lanzhou, Gansu province. It is located in the valley around Lanzhou Zhongchuan Airport, 30 kilometres from the old city of Lanzhou. It is the first state-level new development area in northwestern China, and the fifth state-level new area in the country. (Source: Wikipedia)
With acres of cheap and available land that far outstrip in size the China Inland Port in Xian making it one of the largest Inland Logistics Port in China, Lanzhou is set to attract investments and relocating factories from Yiwu, the factory centre of the world in Zhejiang Province as well as other parts of China.
Cheap labor in abundant supply and strong government support and incentives are attractive to foreign investors who are tipped to make a beeline to Lanzhou as a manufacturing centre for export of goods to Central Asia, Europe, South Asia and ASEAN, making it one of the most strategic, promising and fastest growing One Belt One Road hubs in the world.
A quick overview of Lanzhou New Area can be viewed on video documentaries in Chinese here:
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Published by Jeff Leong
I am the senior partner of Messrs Jeff Leong, Poon & Wong, Malaysia.
I am also serving with the Law Association For Asia And The Pacific (LAWASIA), the peak body for national bar associations and law societies in more than 40 jurisdictions in the Asia Pacific region as Chair of the Corporate, Securities & Investment Law and Co Chair of the Belt And Road Initiative Standing Committees.
I lead a Special Projects team, structure and run complex M&A deals, resolve critical problems faced by clients such as crisis management, regulatory investigations, shareholder fights and board tussles and advise founders, business owners and senior management on business transactions.
With numerous IPOs and M&A deals over 30 years, I am often consulted by clients in Shipping and Logistics, Technology and Digital Economy, Oil & Gas and other heavily regulated industries on complex, urgent and critical matters.
I have been included on Asia Business Law Journal’s A List of Malaysia’s Top 100 Lawyers and Legal 500’s Hall of Fame for Corporate and M&A for Malaysia.
I am an accredited Mediator of the Malaysian Mediation Centre, the International Commercial Mediation Centre For the Belt And Road Initiative, Benchmark Chambers International & Benchmark International Mediation Centre, Shenzhen Qianhai International Commercial Mediation Centre, CCPIT/CCOIC Hangzhou Mediation Centre and Hainan International Arbitration Court.
I founded JLPW in 1999 during the 1997 Asian Financial Crisis with 2 other founders. We were deep into corporate rescues and mergers of banks, insurance companies and stockbrokers to resuscitate the bleeding Malaysian economy, working on some of the major corporate rescues of the 1997 Asian Financial Crisis.
Affiliations with Deacons Graham & James 2001- 2012 and Dacheng (now Dentons China) 2012-2016 quickly followed. In 2012, we founded JLPW CROSSBORDER ASIA, a regional law firm network.
In JLPW, we developed the current due diligence system adopted and used by industry participants in capital markets transactions in 1999. I assisted the review of the 2020 Due Diligence Guide for Malaysia with investment bankers, accountants, capital market lawyers and other industry participants.
I currently lead our Japan Services Group, assisting Japanese companies venturing into Malaysia and South East Asia with market entry strategies, M&As and post merger integration advisory together with our Japanese speaking team.
I am also leading our China Services Group and regional JLPW Belt and Road Services Group assisting Chinese companies investing and undertaking Belt and Road projects in Malaysia and other ASEAN countries.
As leader, strategist, chief talent scout, builder and problem solver, I have initiated and developed various practice groups in JLPW and am now leading our Legal Tech initiatives to better support our clients in the new Digital Economy.
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