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One More Fortune 500 Company Invests in TEDA

05-30-2022

Recently, Shenzhen Xiangyu Commercial Factoring Co., Ltd., the finance sector of a Fortune 500 company, Xiamen Xiangyu Group Corporation (XMXYG), set up a commercial factoring institution in TEDA. It is a new step of XMXYG to invest in TEDA after its trade sector. With the registered capital of 400 million yuan, Xiangyu Factoring is mainly aimed at upstream and downstream of the industrial chain of the Group, providing commercial factoring services to industrial customers with central enterprises and listed companies as the core. As the first pilot free trade zone in North China, TEDA owns diversified commodities supply chain market circumstances. Building an institution in TEDA is beneficial to expand its supply chain services.


Commercial factoring is a featured financial brand built by TEDA in recent years, and it is leading in the whole country. By the end of 2021, the total assets of the factoring companies in TEDA exceeded 150 billion yuan, with the business scale accounting for more than 15% of the country’s total, and Tianjin Commercial Factoring Innovation and Development Base, the only factoring innovation base in the country, is located here.

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