What does platform company mean?

Platform companies generally refer to financing platform companies, and there are typically local direct government financing platform companies. Local government financing platform company refers to an economic entity with independent legal personality, which is established by local government and its departments and institutions through financial allocation or injection of assets such as land and equity, and undertakes the financing function of government investment projects. (Replicated according to the definition in the State Council [20 10] 19).

Response time: September 28th, 2020. Please refer to the latest business changes announced by Ping An Bank in official website.

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