CRRC launches finance business

摘要

CRRC and Tianjin Trust Co have launched a financial leasing subsidiary with the aim of expanding the rolling stock manufacturing group's export activities and supporting the government's Belt & Road Initiative. Target market sectors include high speed trainsets, high-power locomotives, wagons and urban rail vehicles. CRRC Financial Leasing Co Ltd is registered in the Dongjiang Free Trade Port Zone at Tianjin, with an initial capital of 3bn yuan.