On May 22, 2017, an issuing scale of CNY 3 billion for shelf registration was successfully registered for the "CITIC Securities - Xiaomi Xiaodai No.1 ABS Special Project" on the Shanghai Stock Exchange. It is a significant breakthrough of the approval system and means that there can be multiple issuance after a single registration. Recently, the first phase has been carried out with the successful launch of the ABS product. The issuing scale is CNY 600 million.

FenXun is the legal counsel of the special project. The team of lawyers were led by partners Jianzhao Wang and Guangshui Yang, supported by associates Junnan Shi, Hui Lan, Ming Zhang and Yuan Guo.