On August 26th, CIB Financial Leasing Co., Ltd. officially obtained opening permission from the CBRC (China Banking Regulatory Commission). Invested and established by the Commercial Bank, it is the second pilot project approved by the State Council. The company is solely founded by the world’s top 100 banks and domestic top 10 banks---CIB. The registered capital is 2 billion RMB, and the registered address is Tianjin Economic-Technical Development Zone.

Obtaining permission for operation marks CIB’s key step for its all-around development strategy. CIB will continue enclosing its major businesses---banking, while at the same, sanely promoting comprehensive management, establishing an integral financial service system which covers various financial domains, and constantly improving its competitive capacity and management value.

As the sole national financial leasing company set up by the CIB, it will make full use of its new coastal area as a comprehensive supplementary reforms test site, follow CIB whole business and customers’ development strategy, and give full play to its advantages, like market brand, financial science, client resources, organization network, information resources, etc. It will also rely on a big CIB platform, keeping its feet in Tianjin, while facing to the whole nation, actively expanding the specialized equipment leasing business.

The company indicates that it will follow high standards, high starting points, high quality and high grade demand, aim at “ first-rate corporation, 100-year CIB” and stick to rational management and scientific development. According to the “differential competition, fining marketing, specialized management, intensive development” market development strategy, it works mainly for mid-term & long-term business, takes aim at dominating enterprises as its major target customers, actively expands in domains like energy saving and emission reduction, sane financial industry, communication and transportation, energy, telecom, metallurgy, extraction, industrial equipment, engineering machinery, and strives to be a first-rate financial leasing provider.

By Tang Zhi