Zhengqian Financial Holdings Limited ("Zhengqian Holdings" or the "Group") was established in 1995 and was listed on the main board of the Stock Exchange of Hong Kong on October 28th, 2011, stock code 1152, mainly engaged in financial leasing business.
Zhengqian Holdings was initially engaged in the textile and clothing business, and later, in view of the changes in the business environment of the textile industry, the management implemented a strategic transformation in 2014 to launch a promising financial leasing business in China, in order to grasp its huge market development potential and expand the Group's business scope and sources of income.
Taking advantage of Hong Kong's international financing platform background, Zhengqian Holdings, through its Shanxi Huawei Financial Leasing Co., Ltd. ("Shanxi Huawei") and Rongyuan Financial Leasing (Shanghai) Co., Ltd. ("Shanghai Rongyuan"), actively expand the financial leasing business network in China, strive to provide innovative and professional financial leasing services to domestic SMEs, and is determined to become a leading professional financial leasing company in China.
Zhengqian Holdings is also involved in the trading of metal products and nutritional food products. China's GDP has experienced relatively rapid growth over the past few years, mainly due to a number of infrastructure and property development plans in many Chinese cities. Looking forward to the near future, the market expects that the consumption of various consumer goods will not slow down, because the market believes that the Chinese government will promote economic development through the construction of a number of infrastructure to cope with the downside risks.
In addition, China is one of the largest and most innovative retail e-commerce markets in the world. The share of online retail in total retail sales in China is expected to rise from 16 per cent in 2017 to 25 per cent in 2020, according to a study by a leading investment bank. China's online retail market will reach $1.7 trillion by 2020, more than double its current size.
China's online retail market will achieve a double-digit projected compound annual growth rate. The promotion of the online retail market in China is mainly due to the expansion of the range of online products and is supported by the establishment of a national infrastructure system for same-day or next-day delivery services; and the Internet penetration of existing online product categories in relatively backward urban and rural areas will be further increased; and the number of online buyers will further increase.
In view of the potential of the online retail market in China, Zhengqian Holdings will continue to explore potential business opportunities in this area, particularly those related to the Group's trading business. Therefore, the Group has planned to further develop and strengthen its omni-directional channel capacity on the basis of the existing e-commerce platform (http://dly.nitago.com/)) for trade, which will be an important direction for future development.
Market： Hong Kong motherboard
Listing Date： 10/28/2011