Recently, Sunhold Law Firm assisted Hangzhou High-Tech Industrial Development Zone Assets Management Co., Ltd. to issue the first tranche of 2020 directional debt financing instruments. The financing instruments have a total project size of ¥850 million, an issue term of 3+3 years and an issue interest rate of 3.6%, with Bank of Hangzhou Co., Ltd. serving as the lead underwriter and book-running manager and Sunhold Hangzhou Office serving as special legal advisor.