Recently, China Xiongan Group Co., Ltd ("Xiongan Group") released a tender announcement that Beijing King & Capital Law Firm has been selected as the legal service provider of information technology and intellectual property rights for China Xiongan Group for the period of 2022-2025, and will provide information technology and intellectual property rights legal services for Xiongan Group.

Xiongan New Area is another new area of national significance after Shenzhen Special Economic Zone and Shanghai Pudong New Area. China Xiongan Group Co., Ltd. was established on July 18, 2017, is funded by the Hebei Provincial Government of the establishment of the provincial key backbone enterprises, as the main carrier of the development and construction of the Xiongan New Area and the operation platform, Xiongan Group adhere to create a centralized carrying ground for the dissolution of Beijing's non-capital functions as the primary task, is the new area of the main force of the investment, financing, development, construction and operation of the main power, the dominant force, the support force.