In June 2025, the legal team at Beijing Juyou (Shanghai) Law Firm provided professional legal services to assist the Hongkou District Education Bureau in securing inclusion of its relevant projects in the second batch of Shanghai Municipal Government Special Bonds for 2025, which were successfully issued.

The primary scope of this legal service project involved reviewing and issuing a professional legal opinion. The project in question is the construction of new student dormitories at the Sanmenlu Campus of Shanghai Nanhu Vocational and Technical College in Hongkou District, with a proposed bond funding request of 40 million yuan and a 10-year term. This special bond is a book-entry fixed-rate interest-paying bond, entirely composed of new bonds. Following a comprehensive evaluation, the credit rating for the special bond was determined to be AAA.

The Shanghai Municipal People's Government is the issuer of this special bond. The project's competent authority and implementing agency are both the Hongkou District Education Bureau of Shanghai.

This legal service was provided by Zhou Fuyi, partner at King&Capital's Shanghai office, and lawyer Jin Jianyang. The service covered a comprehensive review and compliance review of the special bond issuance documents and the issuance of a professional legal opinion in accordance with the law, providing a solid legal guarantee for the successful issuance of the bonds.