Zhengqian Financial Holdings Limited (“Zhengqian Holdings” or the “Group”) was established in 1995 and listed on the main board of the Hong Kong Stock Exchange on 2011/10/28, stock number 1152, and is mainly engaged in financial leasing business.
At the beginning of its establishment, Zhengqian Holdings engaged in textile and garment business, and later, in view of changes in the textile industry's business environment, management implemented a strategic transformation in 2014 to launch promising financial leasing business in China to seize its huge market development potential and expand the Group's business scope and revenue sources.
Taking advantage of Hong Kong's international financing platform background, Zhengqian Holdings is actively expanding China's financial leasing business network through its subsidiaries Shanxi Warwick Financial Leasing Co., Ltd. (“Shanxi Warwick”) and Rongyuan Financial Leasing (Shanghai) Co., Ltd. (“Shanghai Rongyuan”), striving to provide innovative and professional financial leasing services to domestic SMEs, and is determined to become China's leading professional financial leasing company.
Zhengqian Holdings is also involved in the trading of metal products and nutritional food products. China's gross domestic product has experienced relatively rapid growth over the past few years, mainly due to various infrastructure and property development plans in many Chinese cities. Looking ahead to the near future, the market expects that consumption of various consumer goods will not slow down. This is because the market believes that the Chinese government will promote economic development through the construction of various infrastructures to cope with economic downturn risks.
Furthermore, China is one of the largest and most innovative retail e-commerce markets in the world. According to research by a well-known investment bank, the share of online retail sales in China is expected to rise from 16% in 2017 to 25% in 2020. China's online retail market will reach 1.7 trillion US dollars by 2020, more than double its current size.
China's online retail market will reach the predicted double-digit compound annual growth rate. The development of the online retail market in China is mainly due to the expansion of online product categories, supported by the establishment of same-day or next-day delivery service infrastructure systems across the country; and the further increase in the Internet penetration rate of existing online product types in relatively backward urban and rural areas; and a further increase in the number of online buyers benefiting from online buyers.
Given the potential of China's online retail market, Zhengqian Holdings will continue to explore potential business opportunities in this field, particularly those related to the Group's trading business. Therefore, the Group has planned to use the existing e-commerce platform for trade (http://dly.nitago.com/)基础上作进一步发展及加强全方位渠道能力,定为未来的重要发展方向).
Market： Hong Kong motherboard
Listing Date： 10/28/2011