A New Firm to Be a Booster of TEDA’s Industrial Finance

On June 8th, TEDA Administrative Commission signs an Investment Cooperation Agreement with Wuyan Commercial Factoring Co., Ltd. Since its founding in March, Wuyan Commercial Factoring Co., Ltd. has grown rapidly, and lent nearly 100 million yuan to Huadian power plant project, Chuannan power plant project, Hainan Commercial Factoring Company, etc. Backed by TEDA’s broad entity market and preferential policies on free trade zone, the enterprise will continue conducting factoring business and provide comprehensive fund solutions for the industrial chain in and out of Sichuan Commercial Investment Group.

Sichuan Commercial Investment Group is a provincial state-owned large-scale key enterprise approved by the people’s government of Sichuan province. As a Top100 company in China, its product portfolio includes modern supply chain integrated services, food and beverages, medicine and health, and industrial services. Sichuan Commercial Investment Supply Chain Management Co., Ltd. is the core subsidiary of modern supply chain integrated management presence in Sichuan Commercial Investment Group. The company focuses on the bulk commodities supply chain services of energy and chemicals, with its customers all over the world.