China Chengtong Development Group Limited (the "Company") and its subsidiaries (together with the Company, collectively the "Group") are principally engaged in leasing, property development and investment, and marine recreation services and hotel business.
Since 2020, the Group has clearly identified leasing as the main direction of its future business development, continuously optimised resource allocation, focused on its core leasing business and promoted the Company to achieve high-quality development.
The Group's leasing business is mainly carried out through its wholly-owned subsidiary, Chengtong Financial Leasing Company Limited ("Chengtong Financial Leasing"), which was established in 2010. Adhering to the principles of "Service Strategies, Synergy Optimisation, Strict Risk Management Control and Creating Uniqueness", Chengtong Financial Leasing has continued to give full play to the functions of financial leasing in optimising resources allocation and structural adjustment, increase efforts in serving the real economy and corporate collaboration, thereby continuously enhancing its influence in the industry and building its brand image. Chengtong Financial Leasing always adheres to professional leased assets management model and outstanding risk management and control capabilities to provide customers with a full range of finance lease services which focus on five major sectors, namely energy conservation and environmental protection, logistics and warehousing, infrastructure projects, leasing services and traditional manufacturing.
Since 2020, Chengtong Financial Leasing has gone through three development stages, including "foundation establishment, risk control and brand building", "scale expansion, cost reduction and efficiency improvement" and "growth stabilisation, professionalisation and internationalisation". It has now secured a position at the medium level among state-owned leasing companies with a registered capital of RMB2,000 million, marking a new level of its scale of core capital. In 2023, Chengtong Financial Leasing was accredited with long-term credit rating at AA+ by Lianhe Credit Rating and was recognised as an "AAA Credit Rating Enterprise of Beijing", laying a solid foundation for rapid improvement of its refinancing capabilities and better performance of its financial service functions.
Looking forward, Chengtong Financial Leasing will insist on returning to the origin of leasing, closely follow the guidance of industry regulatory policies, strive to achieve characteristic operations in the market segments, actively explore and invest in innovative product portfolios and service models, and forge ahead to realise the corporate vision of "building an industry-leading finance leasing company with capital operation characteristics".
The Company is ultimately controlled by the State-owned Assets Supervision and Administration Commission of the State Council. The Group will fully leverage its resource advantages to create greater value for its shareholders.
updated 7th October, 2024
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