The Company - Chinese Operations
Our business licence in China enables Fujian Zhong Hong to:
- engage in performance guarantees subject to the PRC Security Law;
- engage in guarantees for major business, secured promissory notes, trade financial guarantees, project financial guarantees, credit guarantees;
- provide other ancillary services related to guarantees;
- invest using its own funds; and
- provide guarantee business related financial consultancy, financial advisory and financial investment services.
In China, the scope of the licence defines and determines the scope of the business.
The credit guarantee business is positioned to provide:
- individual property mortgage credit guarantees;
- short term and long term credit guarantee loans to SMEs;
- hire purchase vehicle credit guarantees; and
- project completion credit guarantees (construction and infrastructure).
The Credit Guarantee business is referred/sourced from Partner Banks whose existing account holders are seeking credit facilities or are sourced directly by Zheng He.
Fujian Zhong Hong utilises the strength of its Partner Banks' lending capacity and combines this with its ability to guarantee borrowers' repayments. This combination of financial strength and credit guarantee forms the basis of an attractive business venture.
