On August 14th, symposium on Feasibility Study on Inland Enterprises Setting up Financing Platform in Qianhai is successfully held at Sincere Qianhai’s step meeting room. SQ senior partner Mr. Lan Caiming, operation director Mr. Liang Min, partner Mr. Tang Zhifeng, ICBC Qianhai Branch’s Enterprise Service Department manager Mr. He Yanyan, customer manager Mr. Yu Xiaoqing and others join the discussion.
As our country continues to reform and establish a system of modern industry, accelerated adjustment and upgrade of industry composition is essential to sustainable growth for a lot of areas. However, subject to elements such as macro economy, financing system and environment, borrowing is significantly difficult and expensive for a lot of inland enterprises and governments who are cash hungry.
Qianhai, being combination of three zones, is uniquely advantaged in obtaining loans for inland governments and enterprises and large public infrastructure projects and is the first choice for them to register a financing platform. Being close to Hong Kong, which is the largest offshore RMB center, together with preferential policies it enjoys, Qianhai provides loans at the lowest cost, with the most convenient terms and channels.
Currently, four main financing channels exist in Qianhai, which are cross border RMB loans, foreign equity investment management companies, lease financing companies and Qianhai Equity Trading Center. The symposium focuses on setting up lease financing companies and foreign equity investment management companies and discusses how inland government and enterprises could enjoy Qianhai’s preferential finance policy to obtain cheap and easy loans. The symposium compares lease financing companies’and foreign equity investment management companies’ respective advantage, process, requirement and key points in operation. Attendees all agree that lease financing companies are the best option for such governments and enterprises and setting them up in Qianhai confers unparalleled advantage.
Mr. Lan Caiming says that inland government and enterprises have pressing need in setting up financing platforms in Qianhai. The key to service such need is to know Qianhai’s law, measures and policies, to know the advantage Qianhai has over Shanghai and other FTZs, to know the benefit of each financing channel, to know how to operate the channels and to do a cost-benefit analysis of each channel. Sincere Qianhai, as the first law firms in Qianhai, deeply understands Qianhai’s law and policies and is able to provide one-stop and sophisticated legal service to inland governments and enterprises in setting up a financing platform in Qianhai.
Representing ICBC Qianhai branch, Mr. He first pays respect to Sincere Qianhai lawyers for their dream, fighting and practicality. Over 400 lease financing companies are registered in Qianhai, he says; 15%-20% of which is in operation and 69 of which is cooperating with ICBC Qianhai. The bank is willing to sincerely communicate with Sincere Qianhai on the subject, to jointly research real examples and provide similar service to the entire country and help inland government and enterprises with financing.
By discussing an inland company’s plan to set up financing platform in Qianhai and focusing on setting up foreign equity investment management companies, lease financing companies, the symposium explores how inland government and enterprises may enjoy Qianhai’s preferential financing policy to access easy and cheap financing. As the first law firms in Qianhai who knows its law and policies, Sincere Qianhai has amassed experience and expertise in financing for governments and companies. SQ lawyers will provide one-stop legal solutions for inland government and companies that needs inexpensive and easily obtainable loans.