China National Foreign Trade Financial & Leasing CO.,LTD.

China Foreign Trade Financial Leasing Co., Ltd

China Foreign Trade Financial Leasing Co., Ltd. was established in 1985 and became a national non bank financial institution with the approval of the people's Bank of China in 1986. It is under the supervision of the China Banking Regulatory Commission. In December 2007, it was restructured into a limited liability company with the approval of China Banking Regulatory Commission. At present, the company's registered capital is 3507.6626 million yuan, and China Minmetals Corporation and China Oriental asset management company each hold 50% of the equity.

Company profile

After more than 20 years of operation, the company has established a stable cooperative relationship with many enterprises in telecommunication, steel, nonferrous metals, medical and other industries, and its performance has grown rapidly.

Introduction to shareholders

Minmetals Group

Founded in 1950, China Minmetals Group Corporation is a large-scale enterprise group that focuses on the development, production, trade and comprehensive services of metals and mineral products, and concurrently operates financial, real estate and logistics businesses. It is under the direct supervision of the state owned assets supervision and Administration Commission of the State Council. In 1992, China Minmetals Corporation was designated by the State Council as one of the first batch of 55 pilot enterprise groups and seven authorized state-owned assets management units. In 1999, China Minmetals Corporation was listed in 44 key state-owned enterprises managed by the central government. In 2007, in the performance appraisal of central enterprises, Minmetals was rated as A-level. In 2008, China Minmetals

The total business volume is 27.7 billion US dollars, the operating revenue is 180.9 billion yuan, and the profit is 7.1 billion yuan

, ranking 331 among the world's top 500 enterprises.

Orient Asset

Founded in 1999, China Eastern asset management company is one of the four major state-owned financial asset management companies approved by the State Council, with a registered capital of 10 billion yuan. It is fully funded by the Ministry of Finance and has 26 offices and operation departments. It is wholly owned or controlled by Dongxing Securities Co., Ltd., Dongyin development (holding) Co., Ltd., Dongfang Hotel Management Co., Ltd. and Bangxin Asset Management Co., Ltd The company, Jincheng International Credit Evaluation Co., Ltd. and other companies are mainly engaged in the acquisition, management and disposal of non-performing assets of financial institutions. They also engage in investment banking business, and gradually expand financial leasing, credit rating, insurance and other financial services. Dongfang company has received 664 billion yuan of assets from the Bank of China, China Construction Bank and industrial and Commercial Bank of China. By the end of 2006, Dongfang company has over fulfilled the task of disposing and recovering the national policy non-performing assets, helped a number of state-owned enterprises to transform their operating mechanisms and establish a modern enterprise system.

Organization

Office, finance department, risk management department, law department, audit department, finance department, business department 1, business department 2, business department 3 and business department 4.

Memorabilia

In 1985, the company was funded by China Export Commodity Base Construction Corporation. In 1986, the company became a national non bank financial institution with the approval of the people's Bank of China. In 1994, with the approval of the Ministry of foreign trade and economic cooperation, the company was transferred to China National Metals and Minerals Import and Export Corporation (now "China Minmetals Corporation"). In October 2007, the state owned Assets Management Commission of the State Council approved the transfer of 50% of the company's equity to China Eastern asset management company, and approved the company's restructuring into a limited liability company. in October 2007, the company held its first shareholders' meeting and the first board of directors and board of supervisors. In December 2007, the restructuring of the company was approved by the China Banking Regulatory Commission, and China Eastern asset management company became the new shareholder of the company. in January 2008, the company completed the industrial and commercial change registration, and officially changed its name to China Foreign Trade Financial Leasing Co., Ltd. in August 2010, the registered capital increased to RMB 1507.6626 million.