Another Commercial Factoring Company Settles in TEDA
Guang An Jincai Group is a state-owned capital investment and operation company in Guang'an City
Recently, Guang An Jincai Investment & Finance (Group) Co., Ltd. established Jincai Commercial Factoring (Tianjin) Co., Ltd. in TEDA. Guang An Jincai Group is a state-owned capital investment and operation company in Guang'an City, with business operations covering various fields such as fund investment, asset management, insurance brokerage, engineering construction, cultural media services, bulk commodity trading, and sales of food and office supplies. With the establishment of Jincai Commercial Factoring, it will leverage the group's industrial advantages to serve manufacturing and trading enterprises and support the development of factoring industry in TEDA.
In 2012, Tianjin's Binhai New Area was approved as one of the first pilot areas for commercial factoring in China. As a strong force in the commercial factoring industry in Binhai New Area, TEDA has become the preferred location for leading enterprises in the industry to set up factoring projects. It has formed a cluster of factoring companies with backgrounds from central state-owned enterprises such as China Reform Holdings Corporation, China Chengtong Group, Sinochem Group, and CSSC; a cluster of factoring companies with backgrounds from state-owned enterprises such as Shandong Energy Group and Hebei Expressway Group; and a cluster of well-known private enterprises, including New Hope Group and Easyhome.
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