STEC once more “enters” financial area, the first finance lease company in infrastructure area in Shanghai established

2017-08

On August 22, the unveiling ceremony of STEC Yuansheng Leasing Co., Ltd. was solemnly held, marking the official establishment of the first finance lease company in Shanghai which is committed to infrastructure area. Secretary of CPC STEC Party Committee and Chairman of the board of directors Zhang Yan, vice president Wang Zhihua, and the executives of STEC Urban Construction Investment & Development Co., Ltd. and STEC Yuansheng Leasing Co., Ltd. attended the ceremony, and major financial institutions including CCB and ICBC sent their congratulations.

According to the plan, STEC SYFLC will rely on the rich infrastructure industrial chain resources and client resources of STEC as well as the common support of large financial institutions, to provide the upstream and downstream enterprises of infrastructure industrial chain with financial services, such as equipment lease, sale and leaseback, sublease and related commercial factoring. It will also promote diversified finance lease business and the business in new markets while making every effort to develop infrastructure investment collaborative business like PPP.

The finance lease business developed by STEC will, as an effective means of combining industry and finance, help the upstream and downstream companies of infrastructure industrial chain as well as partners in other areas effectively solve their problems including great fund pressure and difficult financing. It will act as a bridge between resource owners and users, and assist clients put internal assets to good use to increase asset operation efficiency, so that they may get greater benefits by effective resource configuration. In this way it will contribute to the common rapid growth and development of both enterprises and cities.