Chongqing Electromechanical Holding Group Finance Co., Ltd.

Chongqing Electromechanical Holding Group Finance Co., Ltd. (abbreviated as Electromechanical Finance Company) is a non-bank financial institution approved by the China Banking Regulatory Commission and jointly funded and established by Chongqing Electromechanical Holding (Group) Company, Chongqing Electromechanical Co., Ltd., and Industrial Bank International Trust Co., Ltd. in accordance with the principles of voluntary contribution, equal equity, shared benefits, and shared risks. The registered capital is RMB 600 million.
The strategic positioning of Electromechanical Finance Company is: the fund settlement center, fund management center, financing service center, capital operation center, and information service center of the Electromechanical Group. Its business operations include: providing financial and financing services, credit certification and related consulting for member units, and providing guarantees; assisting member units in realizing the receipt and payment of transaction funds; handling approved insurance agency business; handling entrusted loans and entrusted investments between member units; handling bill acceptance and discounting; handling internal transfer settlement and the design of corresponding settlement and clearing plans; absorbing deposits from member units; handling loans and financial leasing for member units; engaging in interbank lending; and other businesses approved by the China Banking Regulatory Commission.