-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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<SEC-DOCUMENT>0001145443-09-002194.txt : 20090901
<SEC-HEADER>0001145443-09-002194.hdr.sgml : 20090901
<ACCEPTANCE-DATETIME>20090901183954
ACCESSION NUMBER:		0001145443-09-002194
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20090831
FILED AS OF DATE:		20090901
DATE AS OF CHANGE:		20090901

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			LIU ZHENYONG
		CENTRAL INDEX KEY:			0001418214

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-52639
		FILM NUMBER:		091049499

	MAIL ADDRESS:	
		STREET 1:		C/O CARLATERAL, INC.
		STREET 2:		SCIENCE PARK, XUSHUI TOWN
		CITY:			BAODING CITY,HEBEI PROVINCE
		STATE:			F4
		ZIP:			071000

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Orient Paper Inc.
		CENTRAL INDEX KEY:			0001358190
		STANDARD INDUSTRIAL CLASSIFICATION:	PERSONAL CREDIT INSTITUTIONS [6141]
		IRS NUMBER:				204158835
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			0228

	BUSINESS ADDRESS:	
		STREET 1:		SUITE 100
		STREET 2:		202 NORTH CURRY STREET
		CITY:			CARSON CITY
		STATE:			NV
		ZIP:			89703-4121
		BUSINESS PHONE:		(775) 321-8243

	MAIL ADDRESS:	
		STREET 1:		SUITE 100
		STREET 2:		202 NORTH CURRY STREET
		CITY:			CARSON CITY
		STATE:			NV
		ZIP:			89703-4121

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CARLATERAL, INC.
		DATE OF NAME CHANGE:	20060403
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>d25351_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2009-08-31</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001358190</issuerCik>
        <issuerName>Orient Paper Inc.</issuerName>
        <issuerTradingSymbol>OPAI</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001418214</rptOwnerCik>
            <rptOwnerName>LIU ZHENYONG</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O ORIENT PAPER, INC.</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>XUSHUI COUNTRY, BAODING CITY</rptOwnerCity>
            <rptOwnerState>F4</rptOwnerState>
            <rptOwnerZipCode>072550</rptOwnerZipCode>
            <rptOwnerStateDescription>CHINA</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Chief Executive Officer</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2009-08-31</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>J</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>4817362</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0.83</value>
                    <footnoteId id="F2"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>20463405</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">On August 31, 2009, Orient Paper, Inc. (the &quot;Company&quot;), the Company's Chief Executive Officer, Zhenyong Liu (&quot;the Reporting
 Person&quot;) and the Company's subsidiary, Hebei Baoding Orient Paper Milling Company Limited (&quot;HBOP&quot;) entered into a Debt
 Assignment and Assumption Agreement (the &quot;Agreement&quot;). Pursuant to the Agreement, the Company agreed to assume $4,000,000 of
 the total aggregate debt of approximately $6,131,761 (the &quot;Debt&quot;) owed by HBOP to the Reporting Person to henceforth be the
 principal debtor to the Reporting Person for the Debt.</footnote>
        <footnote id="F2">On August 31, 2009, the Company repaid the Debt to the Reporting Person by converting the Debt into equity of the Company at
 $0.83033 per share. Accordingly, the Company issued to the Reporting Person a total of 4,817,362 restricted shares of common
 stock of the Company.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Jessica S. Yuan, Attorney-at-Law</signatureName>
        <signatureDate>2009-09-01</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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