China Reform Commercial Factoring Increases Capital

Recently, China Reform Commercial Factoring Co., Ltd. has increased its capital by 500 million yuan, and its registered capital has increased to 3.5 billion yuan.

China Reform Commercial Factoring Co., Ltd. was founded by China Reform Holdings Corp. Ltd. in July 2016, aiming to service enterprises directly under the central government and promote the disposal of receivables of such enterprises and their upstream and downstream enterprises. By the end of 2020, the company provided 117.868 billion yuan of factoring financing to central enterprises such as China State Construction, China Railway Construction, China Railway and China Hualu Group, benefiting more than 3,700 core enterprises and upstream and downstream enterprises.