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China Lending forms strategic alliance with financial services company

China Lending Corp. signed a strategic cooperation agreement with another financial services company to expand its business to China's eastern regions.

The partnership with Zhejiang Lixin Holding Co. Ltd. is also aimed at helping the nonbank direct lender develop different micro financing options and raise its market share in supply-chain financing sectors.

Further, Zhejiang Lixin will help China Lending in any potential reorganization and restructuring, as well as merger and acquisition opportunities, according to an Oct. 8 release.

China Lending focuses on servicing micro, and small- and medium-sized enterprises, while Zhejiang Lixin provides, among other things, financial leasing, factoring and funding services to a similar clientele in China's Yangtze River Delta Region.