China Lending Corporation (China Lending Group) China Lending Corporation (NASDAQ: CLDC) was founded in 2009 and listed on the U.S. backdoor in July 2016. It is headquartered in Urumqi, Xinjiang, China. It has 27 full-time employees and is a company that provides lending services in China. , Financial advisory services and financial leasing services companies.
China Lending Corporation (CLDC):
China Lending Corporation is affiliated to Urumqi Fenghui Microfinance Co., Ltd., Urumqi Fenghui Microfinance Co., Ltd. is a subsidiary of China Fenghui Financial Holdings Group Co., Ltd., and China Fenghui Financial Holdings Group Co., Ltd. is the Xinjiang Inclusive Finance Industry Leading company.
Group subsidiary Fenghui Dingxin (Beijing) Financial Consulting Co., Ltd., Urumqi Fenghui Microfinance Co., Ltd. and Xinjiang Fenghui Economic Development Microfinance Co., Ltd. (preparatory period), Xinjiang Xinquan Financial Leasing Co., Ltd., Ningbo Dingtai Finance Leasing Co., Ltd. The group company is rooted in the excellent economic development soil of the Urumqi Economic and Technological Development Zone (Toutunhe District). With the help of the geographical advantages of the “Belt and Road”, on the basis of the development of traditional small loan business, it has innovatively developed consumer loans, supply chain finance, and assets. Securitization projects. In the future, the Group will also intervene in Internet finance and integrate online and offline financial systems.
China Loan Group provides loans to small, medium and micro enterprises in Urumqi, Xinjiang. At present, the assets and income of China Loan Group are all derived from Urumqi Fenghui Microfinance Co., Ltd. (Fenghui) and Fenghui Dingxin (Beijing) Financial Consulting Co., Ltd. Fenghui is located in Urumqi, the capital of Xinjiang Uygur Autonomous Region. Fenghui’s loans are all based on enterprises and individual industrial and commercial households.
1. Loan service
Since June 12, 2009, Urumqi Fenghui Microfinance Co., Ltd. has provided loans and consulting services for small, medium and micro enterprises, farmers and individual industrial and commercial households for a long time. Fenghui has formulated special financing plans for different customers and provided preferential loan interest rates to long-term customers. Through a customer-oriented business strategy, Fenghui has gradually increased the company’s quality customers. As of December 31, 2015, all Fenghui loans are guaranteed or guaranteed loans. Before March 31, 2016, Fenghui had 184 loans with an average loan amount of 5 million yuan, an average loan term of 6.4 months, and an average annual interest rate of 20.6%. Before March 31, 2016, all of Fenghui’s loans were guaranteed loans or guaranteed loans.
Xinjiang Fenghui Economic Development Small Loan Co., Ltd.
In the second quarter of 2015, China Loan Group established a wholly-owned subsidiary in accordance with Chinese law: Fenghui Jingkai Microfinance Co., Ltd. Fenghui Economic Development is a small loan institution approved by the government. Before the company’s merger, Fenghui Economic Development did not start operations.
2. Financial consulting services
Fenghui Dingxin (Beijing) Financial Consulting Co., Ltd. was registered in the second quarter of 2015 and began operations on August 1, 2015. In the first quarter of 2016, Credit Risk Consulting provided customers with credit rating and risk management solutions. As of March 31, 2016, consulting services have been provided to 164 clients.
3. Financial leasing services
In 2016, the company established Ningbo Dingtai Financial Leasing Co., Ltd. in Ningbo Free Trade Zone. In January 2017, Xinjiang Xinquan Financial Leasing Co., Ltd. landed at the Khorgos port in Yili, Xinjiang, forming a model of internal and external linkage, and launching financial leasing business across Xinjiang .