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TISCO Finance Company Admitted to Inter Bank Offer
By WANG Lihua UpDate
2015-07-02
According to the approval from Shanghai Head Office of The People’s Bank of China (file No. [2015] 49), TISCO Finance Company is admitted to China inter-bank offer market to conduct the inter-bank offering business.
As a significant way to meet short-term capital demand, allocate asset debt, adjust the cash flow and lower the operation risk, the inter-bank offering operation can help TISCO to increase its active debt, enrich its capital operation, and optimize its asset structure. Besides, the inter-bank offering operation will be helpful to better control of interest rate. The access to the market will give the company a better knowledge of finance market, which will be informative for TISCO’s decision on interest rate and financial strategy. The admission to the inter-bank offering market is an initial success for TISCO Finance Company after its effort in digging into finance market resource, actively adjustment to its business structure, and diligently participation into the money market.