As a financing instrument which is closely integrated with the real economy, financial leasing is in line with the trend of China's financial innovation and industrial upgrading. In recent years, financial leasing has been encouraged by the Chinese government and has been developing rapidly. Our group believes that financial leasing is a promising alternative to the traditional corporate financing channels, and we are confident of its future development.
As a subsidiary of the Group, Beijing Ever Grand International Finance Leasing Co., Ltd has been actively expanding its business, performing a steady growth since it became one of the subsidiaries of the Group. It has also been awarded Outstanding Financial Leasing Enterprise of Year 2016 by Beijing Leasing Industry Association.
Beijing Ever Grand has rich experience in direct financial leasing, sale and leaseback, factoring and other business areas. The aggregate financial lease volume has reached RMB 20 billion. It covers energy, chemical, infrastructure, medical and many other industries, with major customers including Shanxi Lu’an Huanneng Group, Tianjin Port Group, Beijing Hualian Group and some other Fortune 500 companies and listed companies. With a well developed risk management system, Beijing Ever Grand achieves effective control of risk, so far no overdue has ever occurred.
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