On February 24th, China National Foreign Trade & Leasing Corporation Limited was re-registered and got its new business license. The replenishment of the corporation was completed with its registered capital reaching RMB 3.507 billion and its shareholding structure unchanged (COAMC and China Minmetals held 50% each).
Before the replenishment, the registered capital was only RMB 1.508 billion. The scale of business, the capital adequacy ratio and other indicators of the financial leasing company are all linked with the registered capital according to the requirement of the regulatory authorities. Further expansion of the business and continued financing of the company required a bigger registered capital. The company became bigger, richer, more competitive and more resilient, laying a solid foundation for steady and sustainable development.
