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The Yinchuan Branch of SinoPac Leasing (Tianjin) Co., Ltd was Approved

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【2020.6.17】

Recently, the Yinchuan branch operation license of SinoPac Leasing (Tianjin) Co., Ltd. was approved by the Ningxia competent authority. It is SinoPac Leasings seventh operation base in Mainland China, which can further complete our service network and make SinoPac Leasing become the first Taiwanese financial institution to operate in Ningxia. 

Yinchuan is the capital of the Ningxia Hui Autonomous Region and is the vital transportation hub between the west and north region in Mainland China. With an increasing trend of Taiwanese companies from the coastal area moving to the northwest area in China, there may be more business opportunities in the leasing market there. We believe that this expansion can further enhance SinoPac Leasing’s growth potential in the China market.

Since the establishment of SinoPac Leasing in September 1997, we have been committed to developing business in the Asia Pacific region, including Taiwan, the Southeast Asian region, and China. In July 2011, SinoPac International Leasing Corp. was founded in Nanjing. In 2013, another subsidiary, SinoPac Leasing (Tianjin) Co., Ltd, was established in Tianjin. The main business operation includes financing, leasing, factoring, and trade financing services. The Yinchuan branch is the seventh operation base in Mainland China after Nanjing, Kunshan, Dongguan, Xiamen, Tianjin, and Chongqing. The new branch has strengthened the leasing service network in China with operations across main cities in north China, central China, south China, southwest China, and northwest China.

SinoPac Leasing has continued to grow in China and is highly recognized. In 2019, SinoPac International Leasing Corp. received the Jiangsu Province Financial Leasing Company of The Year award from the Financial Leasing Industry Association of Jiangsu Province for a third year. 

Going forward, SinoPac Leasing will develop more diversified leasing products and optimize its risk management framework to provide more flexible and comprehensive leasing services.

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