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HONG KONG, Mar 10, 2016 - (ACN Newswire) - Hanhua Financial Holding Co., Ltd. ("Hanhua" or the "Company", and, together with its subsidiaries, the "Group"; stock code: 3903.HK), the largest credit guarantee company and the third-largest lender of micro and small loans in China in terms of geographical presence, is pleased to announce that Hanhua Financial was selected as one of the unicorn companies in a recent report published by Spoke Intelligence and VB Profiles. The report has a list of 229 unicorn companies, including 33 Chinese unicorn companies. Hanhua Financial is one of the five Chinese Fintech companies. According to the report, a unicorn company should have a market capitalization of USD 1 billion and has been established for less than 25 years.
Among 229 unicorn companies, five Chinese Fintech companies are on the list, including Hanhua Financial, Shanghai Lujiazui International Financial Asset Exchange Co.,Ltd, Jimu, China Rapid Finance and Zhongan. The list demonstrates that Hanhua Financial's innovative business model and growth prospect are highly recognized by the international capital market.Since establishing the Internet finance business in 2014, the Company has proactively seized growth opportunities in the industry and is aggressively preparing its strategic development. Hanhua is committed to realizing its strategy of integrated financial services company , focusing on Partnership Finance, Ecological Finance and Platform for Financing.
In 2016, Hanhua Internet Finance Service (Shenzhen) Limited, the subsidiary of the Company, has successfully acquired Zhongli Insurance Sales Limited("Zhongli Insurance"). The acquisition demonstrates Insurance business will be incorporated in Hanhua Financial's business portfolio, which already includes loan guarantee, credit, leasing, factoring and capital investment and management. The acquisition will further create synergy between various business sectors and provide comprehensive inclusive finance services for small and medium enterprises (SMEs) and micro enterprises, as well as individuals. Leveraging on the Company's unique advantage of having been in the business of inclusive financial services for over ten years, Hanhua will work with its insurance partner to develop inclusive insurance service based on the concept of inclusive finance. Hanhua aims to solve the problems in traditional insurance services and provide a wide array of innovative and personalized mobile insurance products and services to SMEs , micro enterprises and individuals.
In addition, the Company has also established an Internet insurance technology research and development laboratory in collaboration with colleges and universities, fully utilizing the talents and technical advantages, and building China's leading Internet insurance services platform.
Zhongli Insurance is a professional insurance sales organization that was registered in Beijing, with a registered capital of RMB 50 million. Zhongli Insurance is one of the few insurance intermediaries that has both online and offline sales licences and it works with dozens of property and life insurance companies in its business offerings. -Zhongli Insurance hopes to leverage on Hanhua Financial's financial strength to attract strategic investors and diversified business partners in order to offer a wide range of insurance products both online and offine.
The Company has signed a strategic cooperation agreement with Shenzhen Capital Group Co., Ltd ("SCGC") last month. Under the agreement, the two parties will work jointly to explore the financial service framework for start-up businesses by employing a new "Invest, Guarantee and Loan" service model. The two parties will cooperate in equity investment, and Hanhua Financial will offer integrated financial services to investee companies. In addition to equity investment, the financing services also include loan guarantee, loan, Internet finance, financial factoring, financial leasing and asset securitization.
As one of largest and most competitive start-up and equity investment institutions, SCGC has very strong investment capabilities and has accumulated rich experience in investment and in the capital operations of start-ups. SCGC has invested in over 600 projects, in areas including IT, communications, new materials, bio-medical, energy and environmental protection, chemicals, consumption, supply chain and high-end services. SCGS has also invested in over 100 listed firms. In January 2016, leveraging on its leading position and competitive advantages in start-up investment, SCGC launched the first investment fund under the National Development Fund for SMEs with a target size of RMB 6 billion, which invests in high-quality SME projects and supports start-ups during the early stage phase.
About Hanhua Financial Holding Co., Ltd.
Hanhua Financial Holding Co., Ltd. ("Hanhua" or the "Company", and, together with its subsidiaries, the "Group" ; stock code: 3903) is the largest credit guarantee company and the third largest lender of micro and small loans in China in terms of geographical presence. The Group focuses on providing diversified and comprehensive financial services such as credit guarantee, SME lending, Internet financial services, financial factoring and capital investment and management to small and medium-sized enterprises ("SMEs") in China. With a strong capital base and robust financial performance, Hanhua has received AA+ ratings from many of the credit rating agencies recognized by the Chinese government authorities. Hanhua seeks to further grow its business into a premier diversified and integrated inclusive financial service company in China.
For more information, please visit the official website: www.hanhua.com.
Topic: Press release summary
Source: Hanhua Financial Holding Co., Ltd.
Sectors: Daily News
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