CCCC opens financial leasing business in FTZ

Shanghai: China Communications Construction Company (CCCC), the largest transportation infrastructure builder in China, has set up a financial leasing company together with Chuwa Bussan, Shanghai Zhenhua Heavy Industries (ZPMC) and China Communications Construction International (CCCI) in the Shanghai Free Trade Zone(FTZ).

The register capital of CCCC Financial Leasing is RMB5bn. CCCC and ZPMC will hold 45% and 30% of the equity respectively.

CCCC said the financial leasing company will primarily target the offshore equipment market. [17/06/14]

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