Fujian Energy Group Finance Company Limited

Fujian Energy Group Finance Co., Ltd

On the morning of August 16, 2011, Fujian Energy Group Finance Co., Ltd. officially opened its business in Fuzhou, creating a precedent for state-owned enterprises in our province to set up financial companies.

The company is the first group financial company in the state-owned assets system of Fujian Province, and the second group financial company in the province after Zijin group financial company. Its formal opening is not only a grand event for the energy group, but also a new move for the provincial state-owned enterprises to improve and enrich the financial system.

Basic information

Energy group finance company is a non bank financial institution approved by China Banking Regulatory Commission, with a registered capital of 300 million yuan, of which Fujian Energy Group Co., Ltd. and Xiamen International Trust Co., Ltd. each account for 90% and 10% of the capital contribution. With the approval of CBRC, the business of Fujian Energy Group Finance Co., Ltd. includes: handling financial and financing consulting, credit authentication and related business consulting and agency business for member units; assisting member units to realize payment of transaction funds; approved insurance agency business; providing guarantee for member units; handling entrusted loan and entrusted investment between member units In addition, it also deals with the acceptance and discount of bills for member companies, internal transfer settlement between member companies and the design of corresponding settlement and clearing schemes, absorbing the deposits of member companies, and engaging in inter-bank lending. the establishment of Fujian Energy Group Finance Co., Ltd. will provide a professional and advanced fund management platform for the energy group. By strengthening the centralized management of internal funds of the energy group and actively participating in the external financial market, the efficiency of fund use of the group will be improved, the financing channels of the group will be widened, the financing cost of the group will be reduced and the financial risk will be reduced. The establishment of the financial company of Fujian energy group is also an important step taken by the energy group to the financial industry. The company will actively expand the service field, continuously improve the financial function, promote the innovation of financial products, promote the development of the financial industry of the group, and actively build a platform for the combination of industry and Finance with the financial company as the core and supplemented by securities, guarantee, insurance, futures and joint-stock banks To provide tailor-made comprehensive financial services for the development of the main business. It will effectively promote the mutual promotion, effective integration and common development of the group's main business and financial industry.

Opening Approval

Official Reply of China Banking Regulatory Commission on the opening of Fujian Energy Group Finance Co., Ltd. (No. 295 of China Banking Regulatory Commission), August 1, 2011.

Executive qualifications

Chairman Lu Fanjing, director Luo Zhenwen, director Lin Zhong, director Lin Jiang, director Yang Ling, general manager Wang Jinxin and deputy general manager Wang Shengyin