The Era of Compliance in China

Guangdong Cheng, General Counsel, Nanshan Group, China

Corporate Compliance has attracted more attention than ever before in China. Driven by the government, initiated by central enterprises , more and more civilian companies, practitioners, and researchers are actively participating in this emerging area. Although some issues still exist, Chinese companies are embracing an era of compliance.

Guangdong Cheng is the Senior VP - General Counsel of Nanshan Group Co., Ltd. He leads a team of 80 members responsible for Nanshan Group’s legal and compliance operation. He is a Chinese, UK, and New York qualified attorney. He has been a lecturer at the Yantai University School of Law. He also serves as a arbitrator at Shanghai International Arbitration Center.

Nanshan Group was established in July 1992, a company controlled by the Nanshan Villagers’ Committee. The predecessor of the Nanshan Group was Qiansong Village Glass Fiber Factory a village-owned enterprise in Dongjiang Town, Longkou City, which was established in 1979. Nanshan Group focuses on the business of aluminum, textile and apparel in both of domestic and overseas markets. For the year ended 2020 December 31, the group has approximately 400,000 employees and an income of RMB 48.9 billion, respectively.