Furong Deng

Practice Areas

Debt Restructuring & Non-performing Assets, Litigation & Arbitration

Professional Memberships

Arbitrator, Shenzhen Court of International Arbitration

Vice President, Shenzhen Hengyang Chamber of Commerce

Vice President, Shenzhen Alumni Association of Xiangtan University

Former Deputy Director and Former Director, Real Estate Professional Committee of Shenzhen Bar Association

Personal

Mr. Deng has been working as a lawyer in the field of real estate and construction for more than 20 years. He is the Head of Zhong Lun's Real Estate and Infrastructure Sector and an arbitrator of the Shenzhen International Arbitration Court (SCIA) and has served as Deputy Director and Director of the Real Estate Professional Committee of Shenzhen Bar Association for many terms. Mr. Deng has been specially recommended by Legal 500 consecutively in 2020 and 2021 and named as China's Outstanding Real Estate and Construction Lawyer of the Year 2019 (CLP). Adept at tapping his profound practical experience in both litigation and non-litigation matters to help clients realize their business objectives, anticipate and avoid legal risks, innovate transaction schemes and solve complex and difficult problems, Mr. Deng has been widely recognized by clients for his expansive work in real estate, including restructuring of real estate companies, disposal and liquidation of non-performing assets, preliminary development of land, new city construction, urban renewal, land transactions, project development, engineering and construction agency, bulk property transactions, real estate investment and financing, and property operation.

Work Highlights

Mr. Deng has extensive experience in real estate investment and financing (including foreign investment in real estate), real estate transactions, bulk property transactions, corporate mergers and acquisitions, urban renewal projects, commercial property operation, construction projects, real estate and construction project litigation, etc.

Real Estate Transactions

Apart from extensive work in real estate business, Mr. Deng has also handled a variety of M&As in manufacturing, health care and finance and is capable of providing whole-process professional legal services, including due diligence, scheme design, tax planning, negotiation and transaction document preparation involved in investment and M&A deals.

Among the major real estate projects Mr. Deng has advised on, the largest has a total transaction amount of more than CNY 50 billion, and one transaction involves nearly 50 counterparts and more than 60 parcels of land. Properties under these mandates include commercial and residential buildings, building complexes, industrial properties, hotels, office buildings, ports and wharves, with transactions involved ranging from net land transactions to transactions of construction in progress, uncompleted residential buildings and completed and operating properties, from equity transactions to asset transactions, and from domestic transactions to cross-border transactions. Stakeholders of the projects include both real estate companies and non-real estate companies, and some of them are listed companies, famous central enterprises and global top 500 companies.

M&As of Real Estate Projects

• Provided due diligence legal services to China Vanke Co., Ltd. for its acquisition of Guangxin Asset Package (CNY 55.1 billion)

• Provided due diligence, scheme design and transaction document preparation legal services to China Vanke Co., Ltd. for its acquisition of Shenzhen Forrest International Apartment

• Provided legal services such as due diligence and revision of transaction documents for China Vanke Co., Ltd. in its acquisition of Blackstone Inc.’s domestic commercial real estate arm, with the transaction amount exceeding CNY 10 billion

• Provided due diligence and other legal services for the proposed acquisition of a commercial and residential real estate project in Shanghai by China Resources Land Ltd.

• Provided due diligence and transaction document preparation legal services for the proposed acquisition of an urban renewal project in Ganzhou, Jiangxi by Zhonghai Hongyang Real Estate Co., Ltd.

• Provided due diligence, transaction document preparation and other legal services to Ping An Real Estate Company Ltd. for its investment in a package of projects, including Agile Group Holdings Limited's projects in Zhongshan, Qingyuan, Huizhou and Weihai

• Provided due diligence and other legal services for acquisition of certain commercial property in Shenyang by Shenzhen Chow Tai Fook Jewellery Manufacturing Company Limited

• Provided legal services to a Hong Kong listed company for its acquisition of unfinished residential flats in Shenzhen

• Provided legal services for the Wuhan Ping An Building transfer project of Ping An Life Insurance Company of China Ltd.

• Provided legal services for Lenovo (Beijing) Co., Ltd. in respect of its transfer of equity interests in Huizhou Dayawan Industrial Development Co., Ltd. (the main assets of the company are 80,000 square meters of plant)

• Provided legal services to Pacemaker Investments Limited for the custom order for its TESCO Guangzhou Zhongshan Avenue Project

M&As in Other Industries (Big Health, Finance, Fast Consumer Products, etc.)

• Provided due diligence legal services for proposed acquisition of a health industry group in Guangzhou by China Resources Land Ltd.

• Provided due diligence and transaction document preparation legal services to China Resources Land Ltd. for its acquisition of a joint venture hospital in Nanning, Guangxi

• Provided legal services to China Resources Co., Ltd. for its acquisition of 51% equity interests in and capital increase of Shenzhen International Trust Co., Ltd.

• Provided legal services to China Resources (Holdings) Co., Ltd. for its acquisition of Shenzhen International Trust & Investment Co., Ltd.

• Provided due diligence legal services for the acquisition of Linyi Commercial Bank and a city commercial bank in Shandong by China Resources Bank

• Provided special legal services to China Resources Beverage (Holding) Co., Ltd., a Hong Kong company, for restructuring of its domestic equity structure by way of capital increase

• Provided due diligence and transaction document preparation legal services for acquisition of Jialinshan Mineral Water Plant in Zhuhai, a soymilk production company in Sichuan and other businesses by China Resources Yibao Food and Beverage (Shenzhen) Co., Ltd.

• Provided due diligence and transaction document preparation legal services for proposed acquisition of a property company in Guangzhou by a subsidiary of Longfor Group Holdings Limited

Overall Planning for Interests in Urban Renewal/Old Town, Old Factory and Old Village Reconstruction, Shanty Town Reconstruction and Land Consolidation

Mr. Deng has rich experience in the transformation of old cities and villages, urban renewal, shanty town reconstruction and land consolidation, among other projects, with particularly keen insights into urban renewal and transformation of old cities in the Guangdong-Hong Kong-Macao Bay Area, and can provide clients with full-process legal services, including due diligence, project risk assessment and advice, scheme design, transaction document preparation, project closing, etc. He has participated in hundreds of urban renewal projects involving the transformation of factories, urban villages and old residential areas, among others, serving a wide range of clients, including developers, investors, village joint-stock companies and other owners/right holders.

Representing Developers

Old Village Projects

• Provided legal services throughout the whole process for the Nanhua Village Shanty Town Reform Project (the largest ever shanty town reform project in Shenzhen) of Fuhe Company run by Shenzhen Futian District People's Government

• Advised China Resources Land Ltd. on a variety of challenging issues relating to its urban renewal projects in Hubei Village, Luohu District, Shenzhen

• Provided legal services for the Yitian Silicon Valley New Town Project of Shenzhen Yitian Industrial Park Development Co., Ltd. (also known as urban renewal of Huanggekeng Industrial Zone)

• Provided legal services of due diligence, scheme design and transaction document preparation to COFCO Shenzhen Co., Ltd. for its acquisition of the Shenzhen Longgang Elian Urban Reconstruction Project by purchasing equity interests in the project

• Provided legal services to Guangzhou Fangrong Real Estate Co., Ltd., an affiliate of Fangxing Real Estate Co., Ltd., for the cooperation on a project in Nanbu Village, Pingshan New Area, Shenzhen

• Provided legal services for Shenzhen Baoxin Real Estate Co., Ltd.'s investment in the urban renewal project of Cuizhu Yayuan Hotel located in Luohu District, Shenzhen

• Provided legal services for the Shenzhen Longjin Urban Renewal Project of EPJ Land Shenzhen Co., Ltd.

• Provided legal services of transfer and transaction document preparation for Longy Land Group Co., Ltd.'s investment in an old village renewal project in Shenzhen

Mr. Deng’s bio can be found here: https://en.zhonglun.com/team/dengfurong.html

Languages Spoken

Chinese

English

Expert in these Jurisdictions

PRC Bar, 1992

Experience

Zhong Lun Law Firm, March 2006 to Present

Guangdong Zhongcheng Law Firm, March 1993-March 2006