China Southern Airlines Group Finance Co., Ltd

China Southern Airlines Group Finance Co., Ltd

China Southern Airlines Group Finance Co., Ltd. (hereinafter referred to as China Southern Airlines Finance Co., Ltd.) was established with the approval of the people's Bank of China on January 27, 1994, and was registered by Guangdong Provincial Administration for Industry and Commerce on June 28, 1995. It is a non bank financial institution subordinate to China Southern Airlines Group (hereinafter referred to as China Southern Airlines Group).

Company profile

When China Southern Airlines Finance Co., Ltd. was established, it was jointly funded by China Southern Airlines Group Corporation and China Southern Airlines Co., Ltd. (hereinafter referred to as China Southern Airlines Co., Ltd.), with a registered capital of RMB 100 million. After several capital increases, the current registered capital is RMB 1.378 billion, and there are six shareholders: China Southern Airlines Group (51.416%), China Southern Airlines (41.808%), Shantou Airlines (2.464%), Xiamen Airlines (2.464%), Zhuhai Airlines (1.232%) and Guangzhou Nanlian food company (0.616%).
China Southern Airlines financial company has established a perfect three board system of shareholders, board of directors and board of supervisors. The audit committee and the strategy and risk management committee are set up under the board of directors to be responsible for the decision-making and approval of major issues. At present, China Southern Airlines finance company has ten departments. The front business department includes settlement department, financial service department and financial market department, the middle risk control department includes fund management department and risk compliance department, and the back guarantee department includes finance department, research and development department, information technology department, comprehensive management department and audit department (Discipline Inspection Commission Office) under the board of directors There are three lines of defense away from us.
Since its establishment for more than 20 years, China Southern Airlines finance company has been taking "based on the group, serving the group" as the purpose, following the 16 character guideline of "striving for governance, innovation and transcendence, risk prevention and sustainable development", and based on the industry characteristics of the enterprises in the group, designing and providing comprehensive and adaptable financial service products for the group enterprises. In terms of development strategy, China Southern Airlines Finance Co., Ltd. is committed to integrating all the financial resources within the group, gradually building four platforms, namely "group fund collection platform, group fund settlement platform, group fund monitoring platform and group financial service platform", to become a bridge for financial connection within and outside the group.

scope of business

According to the approval of the Insurance Regulatory Commission of the Bank of China, the business scope of the company includes: 1. Handling financial and financing consulting, credit authentication 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 entrusted loan between member units 6. Acceptance and discount of bills for member companies; 7. Internal transfer settlement between member companies and corresponding settlement and liquidation scheme design; 8. Absorption of deposits of member companies; 9. Loan and financial leasing for member companies; 10. Interbank lending; 11. Issuance of financial company bonds with approval; 12. Underwriting of enterprise bonds of member companies Industrial bonds; 13. Equity investment in financial institutions; 14. Portfolio investment (excluding secondary market investment in stocks).

Company address

13A / F, China Southern Airlines building, 68 Qixin Road, Baiyun District, Guangzhou City, Guangdong Province, China postcode: 510405