Midea Group Finance Co.,Ltd

Midea Group Finance Co., Ltd

Midea Group Finance Co., Ltd., whose English name is Midea Group Finance Co., Ltd., has its business address at 6th floor, area B, Midea headquarters building, Beijiao Town, Shunde District, Foshan City, Guangdong Province.

Basic information

Chinese Name: Midea Group Finance Co., Ltd.; English Name: Midea Group Finance Co., Ltd.; business address: 6th floor, area B, Midea headquarters building, Beijiao Town, Shunde District, Foshan City, Guangdong Province.

Opening Approval

On July 1, 2010, Midea Group Finance Co., Ltd., established by Guangdong Midea Electric Appliance Co., Ltd., recently obtained the approval of China Banking Regulatory Commission (No. 273). Approved the opening of Midea Group Finance Co., Ltd.

Shareholder structure

（1） Midea Group Co., Ltd., with a capital contribution of 275 million yuan, accounting for 55%; (2) Guangdong Midea Electric Co., Ltd., with a capital contribution of 200 million yuan, accounting for 40%; (3) Guangdong Weiling Motor Manufacturing Co., Ltd., with a capital contribution of 25 million yuan, accounting for 5%.

scope of business

（1） Handling financial and financing consultancy, credit assurance and related consulting and agency business for member units; (2) assisting member units to realize the receipt and payment of transaction funds; (3) approved insurance agency business; (4) providing guarantee for member units; (5) handling bill acceptance and discount for member units; (6) handling internal transfer between member units (7) absorbing deposits from member units; (8) engaging in interbank lending.