Yintai "Weihan Leasing" settles in Shanghai Free Trade Zone

With the successive introduction of the central bank's cross-border use of RMB, the implementation rules for foreign exchange management in free trade zones, and the separate accounting business, the Shanghai Free Trade Zone will provide maximum liquidity convenience for financing leasing enterprises in the zone, further expanding financing channels. Attracted by various favorable policies in the free trade zone, enterprises have turned their attention to the financing and leasing industry in the free trade zone.

Recently, Shanghai Weihan Financial Leasing Co., Ltd. completed its business registration procedures and successfully settled in the Shanghai Free Trade Zone. Shanghai Weihan Financial Leasing Co., Ltd. is jointly invested and established by China Yintai Investment Co., Ltd. and ONACHIEVE Investments Limited.

China Yintai Investment Co., Ltd. (hereinafter referred to as "Yintai Group") is a diversified international industrial investment group mainly engaged in six major businesses: commercial retail, real estate development and operation, mineral resources, intelligent logistics, investment and finance. It was founded in 1997. At present, Intime Group has multiple listed companies both domestically and internationally, as well as over 100 wholly-owned or holding companies. Its wholly-owned and joint-stock enterprises include: Intime Commercial (Group) Co., Ltd., Intime Land (Group) Co., Ltd., Intime Resources Co., Ltd., Beijing Intime Real Estate Co., Ltd., Cainiao Network Technology Co., Ltd., Beijing Investment Intime Co., Ltd., Wuhan Commercial Group Co., Ltd., Beijing Yansha Friendship Mall Co., Ltd., etc. Yintai Group follows value investing and has multiple listed companies with rich experience in investment, mergers and acquisitions, and restructuring.

（ Source: Shanghai Free Trade Zone Leasing Industry Service Center)