Zhujiang Financial Leasing Co., Ltd.
AMTD, acting as Sole Financial Advisor for the RMB$2bm project of capital increase and share enlargement for Zhujiang Financial Leasing Co., Ltd, introduced Asian Development Bank as an international investor.
Zhujiang Financial Leasing Co., Ltd. is wholly owned by Guangzhou Rural Commercial Bank (listed in Hong Kong, 1551.HK). The company was registered in China (Guangdong) Pilot Free Trade Zone Nansha Area of Guangzhou in December 2014 with the register capital as RMB$1bm. The company is the first financial leasing company established by a rural commercial bank in China and the first financial leasing company licensed by China Banking Regulatory Commission of Guangzhou. The company focused on Financial Inclusion System (agriculture, farmer, rural areas and SMEs) and Green Financial Leasing Business with an emphasis on development of professionalization and specialization. The bank has most clients based in Guangdong Province extending to the whole country covering industries including agriculture, farmer and rural areas, medicine and healthcare, environmental, tourism and education. As at 31st December 2017, the bank’s accumulated leasing service amounted to RMB$24bm and the lease financing receivables amounted to over RMB$12bm.