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| The First Credit-Enhancing Company Was Established in SichuanProvince |
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On August 30th, Tianfu (Sichuan) Credit-Enhancing Co. Ltd. (hereinafter referred to as "Tianfu Credit") was formally established in Chengdu.As the province's first and China's fifth credit-enhancing company, Tianfu Credit fills the gap in the province's financial sector.
Wholly Controlled by state-owned enterprises, the registered capital of Tianfu Zengxin is 4 billion yuan. Sichuan Development (Holdings) Co. Ltd. , together with Sichuan Railway Investment Group Co. Ltd.,Sichuan Comunications Investment Group Co. Ltd.,Sichuan Financial Holding Group Co. Ltd.and other provincial state-owned enterprises jointly invested 2.8 billion yuan, accounting for 70% of all shares. On behalf of Chengdu, CDHT Investment, Shuangliu Xingcheng Construction and Investment Co. Ltd, Chengdu Financial Holding Group Co. Ltd. and Chengdu Industry Investment Co. Ltd. jointly invested 900 million yuan,accounting for 22.5% of all shares. As a representative of financial institutions, BOC Investment invested 300 million yuan, accounting for 7.5% of all shares.
At present, Tianfu Credit's main business is reducing the risk of investors, broadening corporate financing channels, and strengthening the business cooperation with the guarantee company. Specifically, it includes basic credit promotion business, direct investment business, excellent credit promotion business, choice of credit enhancement contract and enhanced credit enhancement business etc.
Zhu Hexin, Vice Governor of Sichuan Province, attended the listing ceremony.
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