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Chenming Paper has invested heavily in over-allotment financ
Chenming Paper's 27th interactive platform said that Shandong Chenming Financial Leasing Co., Ltd. (finance leasing company) is a large-scale comprehensive financial leasing company established by Hong Kong Chenming Investment, a wholly-owned subsidiary, which officially opened in July 2014. The strategic goal is to use the international operation platform of Chenming Group to seek the organic combination of industrial capital and financial capital, and to provide financing and value-added services for high-tech enterprises and government financing platform enterprises on the basis of serving the industrial chain of paper industry. Program.
Chenming Paper also announced that Hong Kong Chenming intends to use its own funds to increase the capital of the financial leasing company by RMB 5 billion. This large-scale private enterprise and high-quality high-tech enterprises. Mingchen Leasing was added in October 2014 by Hong Kong Chenming's capital injection of 3.072 billion yuan to a registered capital of 4.072 billion yuan. At that time, it ranked third among foreign leasing companies nationwide, second only to Far East International Leasing Co., Ltd. with a registered capital of 1.343 billion U.S. and Ping An International Financial Leasing Co., Ltd. with a registered capital of 7.5 billion.
In addition, Chenming Paper also announced at the end of last year that it will expand its Internet finance business through its wholly-owned subsidiary Chenming Financial Leasing Company with its own capital of 36 million yuan to subscribe for 3% of the newly added registered capital of the company. Profitable Wealth is China's leading integrated financial services group featuring the Internet and asset management. The Group has three business modules: asset management, wealth management and internet finance. The Group is using the leading Internet technology to realize the O2O closed loop of Internet finance. It is not difficult to see that the company intends to build a financial platform for the paper industry.
In fact, Chenming Paper has made great efforts in building financial platforms. As early as November 25, 2013, Chenming Paper announced that Chenming Paper Group Finance Co., Ltd. was officially approved by the China Banking Regulatory Commission, which indicates that Chenming Paper will officially intervene in the financial sector and become the national paper industry. A company with a finance company. Temporary idle funds within Chenming Paper, in addition to the collection, will realize the internal adjustment of the surplus in the form of financial company loans, and can also obtain profits by participating in interbank lending and investing in various financial products or equity.
Perhaps due to the optimization of the capital structure, Chenming Paper took the lead in the paper industry to take the capital test of preferred stock. At the end of last year, the company announced that it would issue no more than 45 million preferred shares and raise no more than RMB 4.5 billion to repay bank loans and other interest-bearing liabilities and replenish liquidity. As a newly introduced hybrid capital tool, preferred stocks have been popular in the market since the introduction of the pilot management measures at the beginning of the year. Among them, the first 40 billion preferred shares of the Agricultural Bank of China were officially listed on the Shanghai Stock Exchange in November, after which the Industrial Bank and Bank of China A number of preferred stocks, such as Shanghai Pudong Development Bank, have also been listed.
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