A Factoring Firm Reinvests ￥100 mln in TEDA

Recently, Caijintong Commercial Factoring (Tianjin) Co., Ltd. reinvested 100 million yuan to 200-million-yuan registered capital in TEDA. Established in TEDA in December 2017, the company actively built a service platform for receivables financing. As of July 2021, the accumulated factoring funds amounted to 1,574 million yuan, effectively serving the development of the real economy.

As Tianjin’s first comprehensive authorized pilot unit for approval, management and service of commercial factoring industry, TEDA has a whole ecological service system with access approval, service supervision and policy innovation for the factoring industry. At present, TEDA has gathered a large number of commercial factoring companies and initially explored business models suitable for the different types of enterprises, which can provide enterprises with life-cycle services from establishment to daily operation and business operation.