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Llinks Law Offices

19F & 16F, ONE LUJIAZUI, 68 YIN CHENG ROAD MIDDLE, SHANGHAI 200120, CHINA
Tel:
Work +86 21 3135 8666
Fax:
Fax +86 21 3135 8600
Email:
Web:
www.llinkslaw.com
Beijing, Hong Kong, London, Shanghai

Sandra Lu

Tel:
Work +8621 31358666
Email:
Llinks Law Offices

Work Department

Banking and Financial Services

Position

Retail Funds, Private Funds, Asset Management and Financial Institutions

Career

In the period from 2002 to early 2009, Ms. Lu worked for two reputable law firms. Ms. Lu joined Llinks as a partner from March 2009.

Ms. Lu has extensive experience and expertise in securities investment funds which are highly regulated by the CSRC (the “Fund”) and other types of products including the private funds and hedge funds. 

In Funds area, Ms. Lu represented a large number of Chinese financial institutions like the commercial bank, insurance company, securities firm and trust company to set up the fund management company (the “FMC”) in China. Ms. Lu also represented over 15 global asset managers to set up the JV FMC in China including helping them to understand the regulatory environment of China, participating commercial negotiation with their Chinese partners, drafting the shareholders agreement and articles of association of the proposed JV FMC and preparing all application documents for JV FMC establishment and submitting to the CSRC. Ms. Lu also advised a large number of domestic and foreign financial institutions to acquire the stake the Chinese FMC. 

The PRC counsel shall issue the formal legal opinion for each of the Fund launch according to the PRC Securities Investment Law, which is a part of the application package to be submitted to the CSRC. Ms. Lu and her team have advised over 1,500 Funds for their application to obtain CSRC’s approval. All such Funds include equity funds, fixed funds, bond fund, money market fund, LOF and ETF. 

Ms. Lu is highly involved in the innovative Funds products in the Chinese market including providing the legislative advice to the regulator and the legal advice to the fund houses. The innovative Funds Ms. Lu advised on include the cross boarder EFT, cross market ETF, gold EFT, commodity ETF, principal guaranteed product, the publicly offered REITs, the publicly offered PE investment fund and the publicly offered leveraged investment product, etc.. 

In the meanwhile, with the development of the global investment capability of the Chinese FMCs, Ms. Lu acts as the legal advisor for a majority of the QDII Funds offered in China. In addition, Ms. Lu is very active in QDLP and QDIE initiatives respectively launched by Shanghai and Shenzhen. QDLP and QDIE products provide the opportunity for the Chinese investors to get a broader global exposure, and also the opportunity for the global asset managers to set up onshore WFOE entity to raise money directly from the Chinese investors. 

QFII and RQFII are the main practice area of Ms. Lu as well. Ms. Lu assist the QFII and RQFII to apply for the Chinese license and quota, support their ongoing legal and compliance requirement and review their offshore offering documents from the PRC perspective. 

Recently, Ms. Lu has been advising a number of HK fund managers for their MRF application with the CSRC and providing the ongoing legal and compliance services under MRF scheme. 

Ms. Lu is often invited by regulators and self-disciplined funds association to provide legislative advice.

Languages

Mandarin and English

Education

Ms. Lu has respectively obtained Bachelor Degree of Economic Law and Master Degree of International Economic Law.


China: Investment funds

Investment funds: PRC firms

Within: Investment funds: PRC firms

Llinks Law Offices 'provides timely responses and very good in-depth knowledge of the market, and goes beyond providing strict legal interpretations'. The firm's client base includes domestic fund management companies and their subsidiaries, private equity, venture capital and securities investment funds, as well as insurance and insurance asset management companies and a large number of foreign fund management institutions. Recent work includes advising on the establishment of a fund management company, including structuring the fund and compliance issues. Sandra Lu 'provides business-efficient solutions'.

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