OYCF Joins Hands with CCCLRC in Beijing and Receive
Funding from USCLCF and Harvard's EALS

12/20/2000

On December 1, 2000, the U.S-China Legal Cooperation Fund (the "USCLCF") decided to grant Overseas Young Chinese Forum (the "OYCF") and the China Civil and Commercial Law Research Center (the "CCCLRC") at the Law School of Renmin University of China in Beijing $7,500 for a joint teaching and research project in securities law and corporate law that will last for two years. Before this grant, the East Asian Legal Studies (the "EALS") program at Harvard Law School granted $1,000 to the joint project.

Under the joint project, the OYCF will cooperate with the CCCLRC to conduct research on the civil liabilities of securities transactions and the protection of small investors under American securities laws. In addition, the OYCF participants in this project will make several trips to Renmin University of China Law School to teach and research securities and corporate laws during the term of the project. The cooperation with the CCCLRC, with the financial support from the USCLCF and EALS, is another effort of OYCF to contribute to China's reform and opening process.

The OYCF participants in this project are currently under the review of the OYCF Board of Directors. The CCCLRC participants in this project include Professors Wang Liming and Dong Ansheng, and Doctoral candidate Cheng Xiao. Professor Wang is Vice Dean of Renmin University of China Law School and the Director of CCCLRC.

Advisors of the joint project include Professors William Alford and Howell Jackson, both of Harvard Law School, and Mr. Richard Drucker of Davis Polk & Wardwell in New York.

Since its inception in April 1999, the OYCF has endeavored to pursue its mission of addressing "the interplay of various factors affecting the current transformation in China in hope to provide reference points for policy initiatives for China's future transformation." While it continues "to educate" and "to learn" through its lecture series and its publication, Perspectives, the OYCF strives "to exchange" and "to develop" in order to reach out to a wider communities, especially those in China.

The OYCF started this reach-out effort through its agreement with Open Times last spring in China (See press release, OYCF Ties Hands with Open Times, March 18, 2000). Per that agreement, Open Times started from April 2000 to publish two articles from Perspectives, introducing social science theories and commentaries to readers in China. The approval and the financial support by the USCLCF of this joint project is a generous and additional acknowledgement of OYCF's reach-out effort.

Please contact info@oycf.org if you have questions concerning this news release.

For more information about the CCCLRC, please visit http://www.civillaw.com.cn/.