On Sep 28th, Zijin Mining Group Financial Co., Ltd solemnly celebrates its unveiling ceremony, as the first enterprise group financial company of Fujian Province, the company has its inauguration signify the opening of Zijin Mining’s development of industrial capital and financial capital interaction and amalgamation.
Zijin Mining Group Financial Co., Ltd is founded by the joint investment of Zijin Mining Group and Union International Trust & Investment Ltd, the registered capital being 500 million RMB. As a new-type non-bank financial institution specially transacting the financial business between all the member units inside the group, its establishment is Zijin Mining Group’s strategic move for positively responding to the “West Coast Construction”, actively advancing the joint development of the Strait financial service industry, boosting the formation of the Strait financial center; it is also Zijin Mining Group’s strategic deployment for further actively participating in the opening up and international cooperation. It will become Zijin Mining Group’s account settlement center, financing center and funds management center, and have a momentous driving effect on the group’s management system perfection, overall strength buildup, financing and funds management level enhancement, risk prevention and control ability increase, enterprise management level promotion, and realization of the strategic goal of “Hi-tech Profit-type Super-large International Mining Group” and sound rapid development of member units.
Through China Banking Regulatory Commission’s approval, Zijin Mining Financial Co., Ltd mainly deals in: transacting the finance and providing financing consultation, credit authentication and related business consultation, agency for member units; helping member units realize the payment of transaction monies; the insurance agency business as approved; providing guarantee for member units; transacting entrustment loans and entrustment investments between member units; transacting the acceptance and discount of bills for member units; transacting the in-house account transfer/settlement between member units and the design of corresponding settlement, liquidation plans; absorbing the deposits of member units; transacting the loans and financial leasing for member units; dealing in inter-bank lending and borrowing, ten business items in total; so as to achieve the better management of surplus monies of the group company and those between the group’s subsidiaries, to control risks and save the group’s overall financial expenditure, and optimize idle funds.