[Shenzhen Evening News]: Xingbang Financial Leasing Moves to Qianhai Shenzhen-Hong Kong International Financial Town

Recently, Qianhai Xingbang Financial Leasing Co., Ltd. (hereinafter referred to as Xingbang Financial Leasing), a nationwide licensed headquarters financial institution founded upon approval by the China Banking and Insurance Regulatory Commission, moved to Qianhai China Resources Financial Center in Qianhai Shenzhen-Hong Kong International Financial Town.

According to our source, Qianhai is going all out to push the development of its major projects “Two Towns, Six Areas, One Park, One Square, and Six Small Towns” and seeking to turn Qianhai Shenzhen-Hong Kong International Financial Town into a new benchmark for Shenzhen-Hong Kong cooperation in finance. As a Shenzhen-Hong Kong supply chain financial innovation base in Qianhai Shenzhen-Hong Kong Cooperation Zone, Qianhai China Resources Financial Center provides top financial institutions with more than 10,000 square meters of convergent space. It makes relentless efforts to build China’s first supply chain financial institution concentration base with RMB10 billion worth of business. After moving to its new place, Xingbang Financial Leasing will play a leading role as a benchmark in the supply chain financial industry and contribute to the development of Qianhai Shenzhen-Hong Kong Financial Town.

Xingbang Financial Leasing was founded in 2017 (actually co-founded by Shenzhen Rural Commercial Bank, Luen Mei Group, etc.). Taking root in Qianhai, it capitalizes on the local flexible, open policy for financial innovation and excellent business environment; it has developed by focusing on four major fields – urban public service, transportation and logistics, energy and environmental protection, and advanced manufacturing. Over the past three years since its founding, it has grown its assets by 2.5 times to RMB18 billion, realizing growth by leaps and bounds. It has achieved a brand influence in its public transit business, with its registered public transit business volume ranked at the top place in the industry nationwide. Besides, by using its Qianhai FT account, it successfully launched Shenzhen’s first “cross-border RMB term loan + FT account unit” mode financing business between financial institutions, making a breakthrough in Shenzhen-Hong Kong cross-border financing.