The TCL group is expected to set up a finance company is currently awaiting approval

TCL group is expected to set up financial companies, but is still waiting for approval.

TCL group, said the CBRC as early as last December on the approval of the preparation of the application of the TCL financial company, but the work is still in preparation, has not yet been approved the establishment of the financial company news.

The TCL group to build financial company introduced the Bank of East Asia in foreign exchange cash invested 100 million yuan to hold 20% of the equity, TCL Corporation, TCL electrical appliance (Hohhot) Co., Ltd. TCL mobile communication (Hohhot) Co. Ltd. in cash holding 80% of the shares.

It is understood that in 2004 the China Banking Regulatory Commission promulgated a new enterprise group financial management approach to relax the establishment of financial companies in terms of assets, operating income requirements, but the application and establishment procedures are still relatively strict. Enterprise group finance company to do experience multi-channel approval procedures, must first apply and approved to be eligible for the program to the CBRC, the CBRC and through the qualification examination, the final listed financial companies set up still need to obtain the CBRC approval again.

TCL group finance company mainly for TCL group member units to provide deposits, loans, settlement and other services. In addition, TCL group, such as TCL group, the financial company can not be returned on time, the deposit unit in the request of the TCL group will be replaced by the financial company.