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Taiwan leasing firm opens Shanghai headquarters
By Feng Jianmin |
September 18, 2012, Tuesday
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Online Edition
Online Edition
TAIWAN-BASED CTCB Leasing Co, a member of the Chinatrust Financial Holding Co, yesterday opened its Shanghai headquarters to accelerate cross-strait yuan business and tap the mainland's robust leasing market.
CTCB Leasing yesterday signed 36 million yuan worth of deals with 10 small firms in the Yangtze Delta region, mostly machinery and high-tech enterprises.
"We see a sustained development of machinery manufacturers in China," said Mark Shieh, chairman of CTCB Leasing. "The smaller companies are facing financial strains but they still get substantial orders for equipment."
Charles Lo, chief executive of Chinatrust Financial's China business, said establishing CTCB Leasing on the mainland can help Chinatrust start yuan business and it plans to provide yuan services to Taiwan companies when the mainland businesses mature.
Shieh said the company is expected to sign 600 million yuan worth of contracts this year and will expand its business to small mainland cities in the near future.
CTCB Leasing yesterday signed 36 million yuan worth of deals with 10 small firms in the Yangtze Delta region, mostly machinery and high-tech enterprises.
"We see a sustained development of machinery manufacturers in China," said Mark Shieh, chairman of CTCB Leasing. "The smaller companies are facing financial strains but they still get substantial orders for equipment."
Charles Lo, chief executive of Chinatrust Financial's China business, said establishing CTCB Leasing on the mainland can help Chinatrust start yuan business and it plans to provide yuan services to Taiwan companies when the mainland businesses mature.
Shieh said the company is expected to sign 600 million yuan worth of contracts this year and will expand its business to small mainland cities in the near future.
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