On the afternoon of March 9, 2023, Mr. Zhang Libin, the Managing Partner of the Foreign-related Business Department of King&Capital, as the Vice President of the Brand Investment Promotion Center of China Investment Association, paid a visit to the headquarters of Wolters Kluwer Group in China, and had an in-depth communication and discussion with Mr. Li Jiang, the Deputy General Manager of Wolters Kluwer China, Mr. Zhu Yang, the Marketing Director, Mr. Yu Yang, the Product Director, and Mr. Wang Suyu, the Editorial Manager, on the future cooperation between the two parties, and initially reached a number of strategic cooperation intentions in the field of compliance. We have initially reached a number of strategic cooperation intentions in the field of compliance.
Group photo of both parties
Mr. Zhang Libin firstly introduced the basic situation of King&Capital Law Firm and China Investment Association (CIA) Brand Investment Promotion Center, as well as the research and practice of King&Capital and CIA in the field of compliance to Mr. Li Jiang and his team. Currently, the foreign-related business department of King&Capital focuses on the foreign-related compliance business of Chinese enterprises. Mr. Zhang Libin emphasized that, with the white-hot geopolitics, Chinese enterprises have encountered great compliance dilemmas and risks overseas, and there is a great demand for compliance consulting. Domestically, compliance work is developing in depth, and the Brand Investment Promotion Center of China Investment Association plans to start with industry compliance and geographic compliance, participate in the development of compliance norms, and advance the cause of compliance and the progress of the rule of law in China.
Time wall of WK Group's development history
Subsequently, Mr. Zhang and Mr. Li Jiang communicated about the cooperation between the Foreign Business Department of King&Capital, the Brand Investment Promotion Center of China Investment Association and WKF first in the field of compliance, and reached a preliminary strategic cooperation intention in terms of WKF's existing local product WKF's legal information database and the research and development of new products and tools. The parties also had in-depth discussions on other aspects of cooperation. Afterwards, Mr. Li Jiang led Mr. Zhang and his team to visit Wolters Kluwer's headquarters in Beijing and gave a detailed introduction of Wolters Kluwer's 100-year history of development and its main business segments around the world. Wolters Kluwer is an outstanding professional information service provider. Professionals in the legal, business, tax, accounting, finance, auditing, risk management, compliance, and healthcare fields around the world rely on Wolters Kluwer's information tools and software solutions to efficiently manage their businesses, effectively serve their clients, and succeed in complex market environments. The WKFirst® bilingual information platforms are WKG's local products in China: WKFirst®-Legal, WKFirst®-Tax and Finance, and WKFirst®-Human Resources. These products have been widely purchased and used by law firms, accounting firms, tax firms, consulting firms, large and medium-sized enterprises, industry associations, courts, universities and other research institutions.
The Investment Association of China (IAC), registered by the Ministry of Civil Affairs, is an authoritative national non-profit social organization with legal personality in the field of investment and construction in China. After more than two decades of development, IAC has more than 1,000 members, including state and central government enterprises, private and foreign enterprises, as well as renowned experts and scholars in various industries, and has made remarkable achievements in improving the level of investment project management and investment efficiency of its members and various types of investment entities.
The Brand Investment Promotion Center of China Investment Association is a secondary non-independent legal entity under China Investment Association. The Center focuses on compliance management, cross-border investment dispute resolution, and gradually covers the business field of branded investment, with the aim of promoting corporate compliance in different industries in China and promoting the construction of the rule of law in China. Through integration of resource advantages and innovation of business models, the Center has been deeply involved in compliance case studies in the industry, and has organized and promoted projects such as the "Compliance Lecture Hall", "Compliance Clinic Pedagogy" and "Annual Compliance Report". "The goal of the Center is to become an open and public welfare research and communication compliance platform that satisfies the needs of enterprises, think tanks, professional service organizations, universities, scientific research institutions, industry associations and regulatory authorities. At present, the center mainly helps enterprises to prevent risks in cross-border investment and operation, promotes dispute resolution, enhances enterprise brand value, and provides one-stop services for member enterprises and various types of investment subjects.
