everbright financial leasing (shanghai) co. ltd. is officially established at shanghai pilot free trade zone

business related 15 jul 2014
everbright financial leasing (shanghai) company limited has recently completed business registration procedures and officially established at the china (shanghai) pilot free trade zone. the company is a joint venture of china everbright capital leasing (hong kong) limited and china everbright holdings (qingdao) investment company limited under china everbright limited, with a registered capital of us$50 million.
 
the new company is primarily engaged in construction machinery, car, medical equipment, large-scale equipment and other financial leasing businesses.
 
leverage on the high-end enterprise platform and incentive policies provided by the shanghai pilot free trade zone, together with the competitive advantage of everbright’s cross-border platform and capital strength, it reduces the operating costs and facilitates business development of everbright financial leasing company. it is believed that the new company will further improve the development of everbright’s financial leasing businesses in china, and build a solid foundation for everbright to develop more diversified asset management products and to improve its profitability.