Yueda Commercial Factoring (Shenzhen) joins FCI as an Affiliate member

Thursday 12 March 2020

Yueda Commercial Factoring (Shenzhen) CO., Ltd. was founded in August 2017, registered in Qianhai Shenzhen-Hong Kong Cooperation Zone, Shenzhen City, with a registered capital of 400 million yuan. Actual controller of the company is Jiangsu Yueda Group Co., Ltd.

The business scope of the company is: Trade Financing; Sales Ledger Administration; Credit Investigation and Evaluation; Receivables Management and Collection; Credit Risks Guarantee; Supply Chain Management and Related Supporting Services.

Yueda Commercial Factoring (Shenzhen) CO., Ltd. implements the organizational structure of general manager responsibility system under the leadership of the board of directors. The management organization is mainly divided into five departments: Finance and Financing Department, Business Development Department, Risk Compliance Department, Product R&D Department and Administrative Department. At the same time, In order to highlight the role of risk control in the supervision and prevention of commercial factoring business, Yueda Commercial Factoring (Shenzhen) CO., Ltd. has established a risk management and internal control committee under the board of directors, which is directly responsible to the board of directors and is responsible for the comprehensive risk system management of the company.

Yueda Commercial Factoring (Shenzhen) CO., Ltd. has credibility of the state-owned background, strong platform strength and perfect risk control system. The company always adheres to the principle of "risk control first" to expand business and the concept of "risk first" to manage assets. Business scale of the company continues to grow, and its asset quality and asset management level are leading the industry.