Upon the approval of the Tianjin Local Financial Supervision Administration, Tianjin Jianhua Commercial Factoring Co., Ltd. funded and established by JIC Leasing (Tianjin) Co., Ltd. was recently incorporated in Dongjiang with the paid-in registered capital of RMB 180 million.

JIC Leasing has always been committed to serving the real economy. The new commercial factoring company will focus on providing “leasing + factoring” integrated finance solutions for customers in strategic business areas such as information technology, consumer services and equipment manufacturing.

Commercial factoring centers on core enterprises and mainly provides the upstream and downstream small and medium-sized enterprises in the industrial chain with accounts receivable financing services. It has natural advantages in promoting the integrated development of finance and real economy, expanding domestic demand and upgrading industries, which can help alleviate the problem of “difficult and expensive financing” for small and medium-sized customers and better serve the real economy.