Taiping Petrochemical Financial Leasing Co., Ltd. was jointly established by China Petrochemical Group and China Taiping Insurance Group Co., Ltd. * * *. It is the first financial leasing company jointly established by a super-large industrial group and a large state-owned financial insurance group * * *, which has a good demonstration effect of combining industry with finance.
It is reported that the business of Taiping Petrochemical Financial Leasing Co., Ltd. will make full use of the advantages of Taiping Insurance Company and China Petrochemical Group Company to carry out financial leasing business around the petrochemical industry chain, focusing on petrochemical industry, equipment manufacturing, transportation, energy conservation and environmental protection, and actively explore the market service function and financial innovation mode of financial leasing.
As the two major shareholders of Taiping Petrochemical Financial Leasing Co., Ltd., China Petrochemical is a super-large state-owned petrochemical group directly under the central government, ranking third in the Fortune Global 500 in 20 14; China Taiping Insurance is a large state-owned insurance group directly under the central government. It is the only large insurance group in China with its headquarters in Hongkong and the largest number of overseas subsidiaries, and has rich experience in global management. The establishment of Taiping Petrochemical Financial Leasing Co., Ltd. relies on the rich resources and brand advantages of the two groups, hoping to effectively realize the combination of industry and finance.