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Chem皇冠体育app Finance Co. starts business officially
(Chem皇冠体育app)
Updated: 2009-07-17 15:29
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Chem皇冠体育app Finance Co., Ltd. officially started its business on July 9th with the approval of industry watchdog 皇冠体育app Banking Regulatory Commission (CBRC).
With total registered capital of RMB632.5 million, the Chem皇冠体育app Finance Company is a corporate-based non-banking financial institution jointly funded by Chem皇冠体育app and its prime subsidiaries including 皇冠体育app National BlueStar (Group) Co., Ltd., 皇冠体育app Haohua Chemical (Group) Corporation, BlueStar New Chemical Materials Co., Ltd., Chem皇冠体育app Agrochemical Corporation, Chem皇冠体育app Rubber Corporation, etc. It is the first Chinese financial company to hire a foreign professional manager, Mr. Dani?l de Blocq van Scheltinga, to be its CEO.
Designed to support Chem皇冠体育app in achieving an internationalized business model, intensive management, an improved IT platform and enhanced financial governance, the Chem皇冠体育app Finance Company is an integrated financial service platform that covers accounts settlement, financing, investment banking consulting, etc. The platform will help Chem皇冠体育app improve the centralized management of capital, reduce capital utilization cost, optimize resource allocation and offer capital management and other extended financial management services to all the Chem皇冠体育app subsidiaries.
The specific businesses of the Finance Company include financial and financing consulting, credit authentication, brokerage and guarantee, insurance brokerage as approved, assistance in payment settlement, bank note underwriting and discounting, intra-group account transfer and settlement, deposits, lending and financial leasing to Chem皇冠体育app subsidiaries, inter-bank borrowing, etc.
