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TISCO (Tianjin) Financial Leasing Company went in operation
By Shi Ying UpDate
2014-04-17
On April 10, with the approval of Tianjin Municipal Commission of Commerce, TISCO (Tianjin) Financial Leasing Company went into operation. This is another important step that TISCO took in the financial business sector and it is of great significance to the innovating of the new financing model, the widening of the financing channels, the enhancement of the financing capability, the reduction of financing cost, the perfection of the financial service functions, the better combination of the industry and the finance and the improvement of the comprehensive competitiveness of TISCO.
TISCO (Tianjin) Financial Leasing Company is established by TISCO Trading (H.K.) Ltd., a subsidiary of TISCO in Hong Kong. The main business scope of TISCO (Tianjin) Financial Leasing Company is: financial lease business, leasing business, purchasing leased property at home and abroad, salvage trade and maintenance, consultancy for leasing transactions and lease guarantees.
It is learned that TISCO (Tianjin) Financial Leasing Company registered in Tianjin will give full play to the advantages in the policies of capital settlement and preferential tax of Dongiiang Free Trade Port Zone of Tianjin, continuously develop new business, improve management ability, build itself into a domestic first-class financial leasing company in the fields of mining machinery, steel metallurgy, energy saving and environmental protection and make it the new point of efficiency growth in TISCO.