No.22 Aug. 17th-Aug. 30th

Two of China’s Top 500 Enterprises Joins TEDA

Recently, Shandong High-Speed Group and Transfar Group, two of China’s Top 500 enterprises, both set up commercial factoring companies in TEDA as their comprehensive service platforms for supply chain finance. The two new giant clients are expected to generate more momentum for the region’s booming commercial factoring industry.

CAS Sets up Its 1st Fund Management Platform in Tianjin

China Academy of Science Capital Management (Tianjin) Co., Ltd. was recently established in TEDA with its domicile at Binhai Fund Town. As the first fund management platform established by CAS Capital Management Co., Ltd. in Tianjin, the company is expected to serve as a key management and operation platform for CAS’ parent fund and industry fund businesses.

The 1st Toyota Crown SUV Rolls off Line in TEDA

On August 16th, Crown Kluger, the first flagship SUV of FAW-Toyota Crown,  rolled off the production line at FAW-Toyota TNGA New Factory in TEDA. Making  the strategic lineup of FAW-Toyota’s high-end models more fully-fledged, this move is a booster to the sustained upgrading of TEDA’s auto industry.

High-tech Firm from TEDA Raises Nearly ¥400 Mln

Recently, ROFS (Tianjin) Microsystem Co., Ltd. raised about 400 million yuan in equity financing. Mainly used for the investment in R&D of new products, this financing will promote the rapid and high-quality development of the RF chip industry in TEDA.

Tianjin Pilot FTZ Yields New Results in Financial Reform

China (Tianjin) Pilot Free Trade Zone has gained further progress in new policies of financial reform. The measures include facilitation in trade, investment and financing, better application of FT account functions, and a strong focus on financial leasing. As of June 2021, the Zone saw 105,000 domestic and foreign currency accounts opened by local entities. It has handled US$ 264.88 billion of cross-border revenue and expenditure, US$ 119.52 billion settlement and sales of foreign exchange, and 523.2 billion yuan of cross-border RMB settlement, accounting for approximately 40% in Tianjin.

‘The Last Mile’ of Port Railway Completed

On August 18th, the dedicated logistic railway line of Nangang Gangtie was opened. Connected with Nangang Railway, the special line focuses on loading and unloading bulk cargo. It can provide a package of logistic services to the whole industrial chain from port, railway to highway. The opening has made “the last mile” of railway transport in Nangang port area possible, which is of great significance for Tianjin to transfer part of her road transport capacity to railways and transport structural adjustment.

TEDA’s Enterprise Wins New Awards

Recently, LinkDoc Technology won the “2021 Leader in Scientific and Technological Innovation” award and “2021 Brand with Industry Influence” award at the 10^th China Finance Summit and 2021 Global Sustainable Business Conference. As one of China’s earliest medical technology providers committed to AI and data technology, LinkDoc Technology stands out from its peers with its breakthrough in innovative technologies and service models.

2021 TEDA Auto Forum to be Held in September

The 17th International Forum (TEDA) on Chinese Automotive Industry Development will be held from September 3^rd to 5^th. The Forum will conduct strategic and forward-looking discussions on how to promote high-quality development of the auto industry via offline conferences and online live broadcast. As one of the high-end exchange platforms with the highest profile, largest scale and deepest influence in the automotive industry, the Forum enjoys the charm as a bellwether in the industry.