Zhongxin (Guangxi) Financial Leasing

Zhongxin (Guangxi) Financial Leasing was registered and established in China-ASEAN Financial City, Wuxiang new district in the Nanning area of the China (Guangxi) Pilot Free Trade Zone. The company received the third financial leasing license approved by Guangxi Zhuang autonomous region.

It strives to contribute to the development of the auto finance industry in the autonomous region through the introduction of auto finance talents and the professional upgrading of auto finance models.

It is expected that in the next four years, the new financial output value of Guangxi will be about 5.5 billion yuan ($869 million) and the tax revenue will be 700 million yuan. At the same time, the company is expected to bring 500 financial jobs to Nanning and establish a pool of auto finance professionals.

The company has been approved by the People's Bank of China Credit Information Center to access the central bank's credit information system, enabling it to be an industry leader as less than 5 percent of the companies in the country have been approved to access the central bank's corporate credit inquiry system.

After it is connected to the central bank's credit information system, it can not only help creditors assess the credit risk of counterparties, but also disclose credit information under the existing legal framework, thereby protecting the security of their own assets.