A Supply Chain Finance Project Settles in TEDA
Recently, Rongcheng Yida Commercial Factoring (Tianjin) Co., Ltd. has established its presence in TEDA. This company was invested and established by Yixin Urban and Rural Development Construction Investment and Asset Management Company in Erenhot, with a registered capital of 50 million RMB. It will provide customized financial services for small and micro enterprises. Moreover, the new company will facilitate trade activities through factoring financing to drive the development of supply chain finance and to boost import and export trade.
Erenhot is the largest land port of entry for Sino-Mongolian trade. Yixin, affiliated with the Finance Bureau of Erenhot, is primarily responsible for the operation and management of state-owned assets, and is also a government platform for foreign cooperation. Tianjin Binhai New Area serves as the starting point for the eastward Sino-Mongolian-Russian economic corridor, as well as a crucial strategic point in the intersection of the land and maritime Silk Road, possessing great advantages in terms of location, industry, policy and strategy. Its integration and promotion of the Belt and Road Initiative is of great significance.
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