在人工智能浪潮席卷各行各业的当下，法律行业正迎来深刻变革。近日，广东方效律师事务所走进广东金融学院、广东工业大学，围绕"AI发展对律师行业 的影响及就业方向"举办系列专题讲座，与法学院学子展开深度交流，共同探讨法律职业的未来路径。 行业趋势研判：AI加速渗透法律实务各环节 活动现场，广东方效律师事务所主任陈俊以多年执业经验为基础，系统阐释了法律行业正在经历的结构性转型。他重点剖析了AI技术在法律文书撰写、案 例检索、风险评估等关键环节的落地应用，指出数字化与智能化已成为法律服务升级的明确方向，法律职业能力体系正从单一专业型向"技术+法律"复合型 转变。 方效AI法律咨询助手已入驻穗i企 回应青年关切：从理论学习走向实务认知 针对法科学子普遍关注的职业成长议题，陈俊为不同年级学生提出了分阶段、有针对性的发展建议。 他提醒同学们，优秀的律师不仅应熟稔法律条文，更要培养与人沟通、处理复杂情境的综合素养。"法律不仅是文本，更是解决问题的艺术。协商是化解矛 盾的首选，而诉讼是最后一道防线。"他如是说。 直面AI挑战：厘清技术边界，重塑职业能力 广东方效律师事务所主任陈俊 值得关注的是，广东方效律师事务所近年来持续加大技 ...

来源：市场资讯 （来源：金诚同达） 近日，金诚同达香港分所代表万威国际有限公司（股票代码：167.HK，以下简称"万威国际"）参与了 强制性无条件现金要约项目。此次交易由金诚同达合伙人陈坤负责，万威国际的联合交易公告已于11月 17日在香港联交所正式披露。 金诚同达是并购与重组领域处于业内领先地位的律师事务所，曾代表众多国内和跨境并购交易。金诚同 达曾代表大型国有企业、跨国公司、上市公司完成诸多"一带一路"重点项目，其中包括大型跨国企业、 国有企业和上市公司的重组、跨境收购和海外投资项目。 合 伙 人 简 介 ...

此外，南京智服商务经理李总分享了一站式数字化人力资源服务，可帮助企业解决劳动纠纷、优化社保缴纳，同时带来副业项目——澳洲进口奶粉与浦口 基地种植的全营养生态米，后者含β-葡聚糖，适合高血糖人群；江苏盾领律所郭院长作为律师与南师大经济法教授，为会员提供法律疑难咨询，尤其擅长 人脉对接；涤尘茶社宋总带来茶叶批发与定制业务，拥有武夷山、江西共2.8万亩茶园，可为会员提供高性价比茶叶礼品与酒店茶服务合作；APDAO生态 运营官丁总则聚焦数字金融与旅游板块，分享了新媒体运营与AI数字人直播经验，可助力企业线上获客。 活动伊始，五百颗小心心创始人杨浩率先发言，再次明确分组的核心意义。他强调，无论是小组架构搭建还是活动组织，都始终以 "高效精准" 为基本原 则，最终目标是实现会员间的资源 "内循环"，让每一次交流都能落地到实际业务对接，帮助会员企业解决实际需求。 作为本场活动的牵头人，林总首先对到场会员表示欢迎，随后结合自身负责的买卖提消费补贴平台，为有兴趣的会员现场指导商家开通流程。他用通俗的 案例讲解平台优势：消费者消费1000元可获500元消费券奖励，商家虽需让利 20%，但通过平台返还最终能实现利润增长30%，同时 ...

Core Concept - The article discusses the process and key points for establishing a red-chip structure for companies seeking to list on NASDAQ, emphasizing the need to transfer domestic operational rights to an offshore holding platform while complying with both Chinese and U.S. regulations [2][10]. Group 1: Basic Concepts and Types - Red-chip structure refers to domestic companies setting up holding companies in offshore locations (typically Cayman Islands or BVI) to list on foreign exchanges [2]. - There are two types of structures based on the control of domestic rights: pure red-chip structure and VIE (Variable Interest Entity) structure [4]. Group 2: NASDAQ IPO Red-chip Structure Setup Process - Initial preparation involves defining goals and conducting due diligence [2]. - Establishing an offshore holding structure includes setting up a Cayman company as the top-level holding entity, a Hong Kong company as an intermediary, and a WFOE (Wholly Foreign-Owned Enterprise) or VIE entity as the domestic operational entity [4][5]. - Restructuring domestic assets varies by structure type, with pure red-chip involving direct or indirect equity ownership and VIE relying on contractual agreements for control [4][9]. Group 3: Compliance and Regulatory Requirements - Compliance registration addresses foreign exchange and foreign investment issues, including necessary registrations for founders and WFOE [5][9]. - The importance of ensuring that agreements under the VIE structure comply with Chinese laws to avoid potential legal issues [10]. Group 4: Investor Introduction and IPO Preparation - Pre-IPO investors typically include private equity or venture capital funds, negotiating terms such as valuation and equity stakes [6][9]. - Preparing the NASDAQ listing application involves compiling an S-1 form that includes business descriptions, financial data, and risk factors [7][9]. Group 5: Listing and Post-Listing Arrangements - The listing process includes roadshows to attract institutional investors and finalizing the offering price based on market demand [8][9]. - Post-listing compliance requires adherence to SEC disclosure requirements and NASDAQ's ongoing listing standards [8][10]. Group 6: Key Considerations - The design of the structure must be rational, avoiding excessive SPV nesting to reduce compliance costs and regulatory risks [10]. - Tax optimization strategies are crucial, with the Cayman company offering tax neutrality and the Hong Kong company providing favorable tax arrangements [10]. - Transparency in information disclosure is essential to mitigate risks of litigation from investors regarding compliance issues [10].

Group 1: Global Economic Trends - The global financial and trade landscape is undergoing profound restructuring, characterized by weak recovery, geopolitical conflicts, and trade protectionism, with new technologies and green transformation driving change [1] - Future opportunities are concentrated in digital economy, green finance, regional cooperation, and the rise of emerging markets [1] Group 2: Infrastructure and Sustainable Development - The New Development Bank has significantly enhanced local currency financing capabilities to support infrastructure and sustainable development in global south countries [2] - Focus will continue on climate financing and diversified cooperation to promote inclusive growth in global south nations [2] Group 3: Supply Chain Management - Supply chain management is crucial for companies going abroad, encompassing all stages from raw materials to end consumers, and is essential for competitive advantage [2] - Understanding the complexities of supply chains and enhancing strategic planning are vital for companies to navigate uncertain environments [2] Group 4: Export Strategies and Compliance - Key steps for Chinese companies going abroad include understanding origin rules, which directly affect tariff treatment and compliance [3] - Companies should systematically plan global supply chains and origin layouts to mitigate risks and ensure compliance with international policies [3] Group 5: Cross-Border Payment Systems - The transformation of cross-border payment systems is driven by digital technology and institutional innovation, enhancing transaction efficiency and security [4] - China is advancing cross-border payment from infrastructure connectivity to institutional rule recognition, supporting the internationalization of the Renminbi [4] Group 6: Investment in Southeast Asia - Southeast Asia presents high growth potential for Chinese investments, serving as a critical supply chain conduit amid international trade disputes [5] - Investment risks in Southeast Asia include political and policy risks, complex legal environments, and operational challenges, necessitating thorough due diligence and local partnerships [5]

Core Viewpoint - The case involving a construction contract dispute between a contractor and two large state-owned enterprises has been sent back for retrial by the Supreme People's Court, providing the contractor with a significant opportunity for relief [1]. Summary by Relevant Sections Case Background - The contractor claimed a project cost of 150 million yuan, but the first and second instance courts only supported over 100 million yuan, resulting in a significant shortfall of several million yuan for the contractor [5]. - After losing in both the first and second instances, the contractor engaged the legal team from Zhongyin Law Firm to apply for a retrial at the Supreme People's Court [5]. Legal Team Efforts - The legal team, led by senior partner Lv Feng, conducted a thorough review of the original case files and identified major flaws in evidence and legal application [5]. - They gathered new evidence through investigation and participated in multiple court hearings and discussions with the presiding judge, reinforcing their arguments [5]. - After over a year of persistent efforts, the Supreme People's Court accepted the new evidence and agreed with the legal team's viewpoint, ruling that the original judgment lacked sufficient evidence and had legal errors [5]. Future Actions - Following the retrial order, the legal team plans to reorganize their strategy and is committed to achieving a satisfactory outcome for the client [5].

Core Viewpoint - The number of new IPOs in A-shares has increased, with 67 companies listed from January to August 2025, representing a year-on-year growth of 13.56% compared to 59 companies in the same period last year. The total net fundraising amount reached 57.915 billion yuan, a significant increase of 52.48% from 37.981 billion yuan in the previous year [2]. Group 1: Underwriting Institutions Performance Ranking - A total of 26 underwriting institutions participated in the IPOs of the 67 new listed companies, with a total of 68 deals due to dual appointments for one company [3]. - The top three underwriting institutions by number of deals are: - First: Guotai Junan and Huatai United, each with 7 deals - Third: CITIC Securities and Zhongxin Investment, each with 6 deals [4][5]. Group 2: Law Firms Performance Ranking - 25 law firms provided legal services for the 67 new listed companies during the same period [6]. - The top three law firms by number of deals are: - First: Shanghai Jintiancheng with 11 deals - Second: Beijing Zhonglun with 6 deals - Third: Beijing Guofeng, Beijing Deheng, and Guangdong Xinda, each with 4 deals [7]. Group 3: Accounting Firms Performance Ranking - 16 accounting firms provided auditing services for the 67 new listed companies [8]. - The top three accounting firms by number of deals are: - First: Rongcheng with 15 deals - Second: Tianjian with 12 deals - Third: Lixin with 10 deals [9].

Group 1 - The fund is named "Huaxia National Index Hong Kong Stock Connect Technology ETF" and is a stock-type ETF approved by the China Securities Regulatory Commission [1][15] - The fund's initial share value is set at 1.00 RMB, with a subscription price also at 1.00 RMB [9][21] - The total fundraising cap for the fund is 2 billion RMB, excluding interest accrued during the fundraising period [11][12] Group 2 - The subscription period for the fund is from August 18, 2025, to August 22, 2025 [2][15] - Investors can subscribe through online cash subscription or offline cash subscription methods [16][40] - Investors must have a Shenzhen Stock Exchange A-share account or a securities investment fund account to participate in the subscription [7][24] Group 3 - The fund management company is Huaxia Fund Management Co., Ltd., and the custodian is CITIC Bank [1][49] - The fund can invest in various financial instruments, including stocks, stock options, index futures, and asset-backed securities [6][7] - The fund's net asset value may be affected by fluctuations in the Hong Kong stock market and exchange rate risks [6][8] Group 4 - Subscription fees for the fund will not exceed 0.80% of the subscription amount [18][21] - Investors must ensure that the funds used for subscription are legally sourced and available for their use [7][10] - The fund's subscription applications will be processed on a "last day proportion confirmation" basis if the total subscription exceeds the cap [11][12]

Group 1 - The core viewpoint of the discussions at the closed-door seminar "M&A Breakdown: Investment and Exit Games in the Era of Stock" highlights a shift in focus from due diligence and transaction design to litigation and dispute resolution in the M&A landscape since 2018 [1] - The investment in distressed asset funds has been a notable area of growth since 2018, with successful outcomes in property rights investment, debt investment, and bankruptcy restructuring [1] - Recent M&A activities have predominantly concentrated in sectors such as semiconductors, biomedicine, artificial intelligence, and new energy vehicles, which present valuation complexities due to their reliance on patents and R&D outcomes without immediate revenue generation [1] Group 2 - Traditional market methods like PE, PB, and PS are less applicable for early-stage valuations of companies in these sectors, leading to the adoption of alternative metrics such as equity value to GMV and equity value to R&D expenses [2] - For biomedicine companies, valuation methods must adapt to different R&D stages, utilizing techniques like binomial tree models or Monte Carlo simulations to meet listing requirements [2] - Cross-border M&A transactions, particularly involving A+H share companies with state-owned backgrounds, face significant operational challenges due to the need for triple regulatory approvals, highlighting the critical role of valuation firms in navigating these complexities [2]

Core Insights - The article argues that China is significantly undervalued as a service consumption powerhouse, with a notable disparity in service pricing compared to the United States [2][13] Group 1: Consumption Comparison - In the first half of 2025, the retail sales of consumer goods in the U.S. reached $420.15 billion, while China's was $341.68 billion, making China's figure 81.32% of the U.S. total [3] - The U.S. service consumption total is projected to reach $13.6 trillion in 2024, accounting for 69% of total consumption and 67% of GDP [4] - China's service consumption total is only $2.15 trillion, representing 46% of total consumption and 39%-40% of GDP, indicating a significant gap in service consumption scale [4] Group 2: Sector-Specific Analysis - The healthcare sector shows the most pronounced difference, with U.S. per capita healthcare spending at $9,900 compared to China's $350, a 28-fold difference despite similar life expectancy [4][6] - Price comparisons for medical services reveal that U.S. costs are substantially higher, with CT scans costing $5,000 in the U.S. versus $120-$120 in China, a difference of 90-233 times [5] - In the e-commerce sector, China's express delivery service prices are only one-seventh of those in the U.S., with 2024 express delivery volume in China reaching 175.08 billion packages, a 21.5% increase [7] Group 3: Dining and Hospitality - In the food delivery sector, China's average order frequency is double that of the U.S., with a per capita annual order volume of 20.7 compared to 12 in the U.S. [8] - The hotel industry in China has expanded significantly, with 348,717 hotels and a total of 21.5 million rooms, compared to approximately 85,000 hotels and 4.43 million rooms in the U.S. [11][12] - Average daily rates (ADR) for hotels in China are approximately $40, while in the U.S. they are around $165, indicating a substantial price difference [12] Group 4: Overall Consumption Trends - The article concludes that the perception of Chinese consumers as not enjoying services is misleading; rather, the low pricing of services in China contributes to the underestimation of its service consumption potential [13]