|
|
|
|
|
|
| Actively Expanding Geographical Layout |
HONG KONG, Mar 20, 2015 - (ACN Newswire) - China Huirong Financial Holdings Limited ("China Huirong" or the "Company", and, together with its subsidiaries, the "Group"; stock code: 1290.HK), a leading short-term secured financing services provider in China in terms of approved registered capital, is pleased to announce that the Group recently received approval for the establishment of a branch in Nanjing City and another in Nantong City of Jiangsu Province, so as to launch and expand businesses in the provision of short-term loans secured by collateral in these two cities.
On 11 March, 2015, China Huirong received approval from the Department of Commerce of Jiangsu Province for the establishment of the two branches, namely Nanjing Branch of Suzhou Wuzhong Pawnshop Co., Ltd. and Nantong Branch of Suzhou Wuzhong Pawnshop Co., Ltd., in the Nanjing and Nantong areas of Jiangsu Province. With the addition of these two new branches, the Group's sales network in Jiangsu Province now totals 13 branches. With its continued growth in business, the Company maintains a leading position in the short-term secured loan industry in Jiangsu Province and in China.
According to the local Municipal Bureau of Statistics, the economic growth rates of Nanjing and Nantong both exceeded 10% in 2014, which was higher than the national average growth rate. These cities became two of the fastest-growing major cities in China. Moreover, Nanjing's GDP reached RMB882.1 billion last year, ranking second in the province and surpassing Wuxi city, while Nantong City ranked fourth. The growing contribution of the two cities to the GDP of Jiangsu Province indicates ample potential for the Group's business expansion in the province.
Mr. Chen Yannan, Chairman and Executive Director of the Board of China Huirong, said, "The two new branches in Nanjing City and Nantong City not only enable the Group to extend our sales network to the area outside Suzhou City and to further expand our market share, but will also enhance the Group's customer base by effectively connecting with economic entities in different cities and understanding customer and market needs. It is another important milestone for the Group to develop into a fully comprehensive financial services provider."
About China Huirong Financial Holdings Limited.
China Huirong Financial Holdings Limited ("Huirong" or the "Company", and, together with its subsidiaries, the "Group"; stock code: 1290.HK) is a leading short-term secured financing service provider in China in terms of approved registered capital. The Group specializes in offering SMEs, business owners and individuals short-term loans secured by real estate, equity interest or personal property collateral. The Group has been engaged in the Internet banking services business since early 2015. As of 30 June 2014, the Company has operated in Suzhou city and the four county-level cities that are governed by the Suzhou city government, or the Greater Suzhou Area, for more than 15 years. Through growth over the years, it now owns a sales network of 11 branches. With the continual growth in revenue, registered capital and loans portfolio, the Company maintains a leading position as a financing service provider in Jiangsu Province and in China.
Issued by Porda Havas International Finance Communications Group for and on behalf of China Huirong Financial Holdings Limited:
Porda Havas International Finance Communications Group
Ms. Kelly Fung Tel: + 852 3150 6763 kelly.fung@pordahavas.com
Ms. Camille Xiong Tel: + 852 3150 6799 camille.xiong@pordahavas.com
Mr. Daniel Ip Tel: + 852 3150 6767 daniel.ip@pordahavas.com
Ms. Coco Cheng Tel: + 852 3150 6795 coco.cheng@pordahavas.com
Ms. Rose Guo Tel: + 852 3150 6704 rose.guo@pordahavas.com
Ms. Jessica Li Tel: + 852 3150 6702 jessica.li@pordahavas.com
Fax: +852 3150 6728
Topic: Press release summary
Source: China HuiRong
Sectors: Daily Finance
https://www.acnnewswire.com
From the Asia Corporate News Network
Copyright © 2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
|
|
|
|
|
|
|
|
