China Lending, a non-bank direct lending corporation servicing micro, small and medium sized enterprises currently underserved by commercial banks in China, announced Xinjiang Xinquan Financial Leasing (Xinquan), a wholly owned subsidiary of the company engaged in the business of financial leasing, increased its registered capital from $30.0 million to $50.0 million.
Xinjiang Heli Kaiyuan Construction (XHKC) injected $20.0 million of new capital into Xinquan. Upon completion of the transaction, the company, through China Fenghui Financial Holdings Group, holds a 60% interest in Xinquan (20% is held by XHKC on behalf of the company) and XHKC holds a 40% interest in Xinquan.
Founded in 2009, China Lending is a non-bank direct lending corporation and provides services to micro, small and medium sized enterprises, farmers and individuals who are currently underserved by commercial banks in China.
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