On 19 October 2021, Tianjin T.B Infrastructure Co., Ltd. issued corporate bonds (Phase I) to eligible investors, marking the first state-owned real estate enterprise in Tianjin that has been approved to issue corporate bonds in 2021. 

Grandall Tianjin Office has been retained as the special legal counsel for the issuance with WANG Lianen, ZHAO Shaoke, and GAO Lingxi providing comprehensive and professional legal service for the client.