trending Market Intelligence /marketintelligence/en/news-insights/trending/2u-xtkg9qyxamrv8j7fg2a2 content esgSubNav
In This List

Guangzhou Yuexiu Financial Leasing gets capital injection

Podcast

Street Talk Episode 87

Blog

A New Dawn for European Bank M&A Top 5 Trends

Blog

Insight Weekly: US banks' loan growth; record share buybacks; utility M&A outlook

Blog

Banking Essentials Newsletter 2021: December Edition


Guangzhou Yuexiu Financial Leasing gets capital injection

Guangzhou Yuexiu Financial Leasing Co., Ltd. received a capital injection of 1.5 billion Chinese yuan, it said in a Feb. 27 release.

Guangzhou Yuexiu Financial Holdings Group Co. Ltd. contributed about 1.05 billion yuan of the funds while Chengtuo Ltd. provided about 450 million yuan. The two companies own stakes of 70.06% and 29.94%, respectively, in Guangzhou Yuexiu Financial Leasing, which remain unchanged following the exercise.

The capital infusion is expected to boost Guangzhou Yuexiu Financial Leasing's competitiveness and risk management capabilities.

This is the first of two such injections totaling 3 billion yuan approved by its board Feb. 23.

As of Feb. 27, US$1 was equivalent to 6.32 Chinese yuan.