China Assurance Finance Group Limited is engaged in the provision of guarantee services and the relevant consultancy services to small and medium-sized enterprises in the People's Republic of China. The company entered cooperation arrangements with different state-owned and private commercial banks pursuant to which the Group and the cooperative banks agree to refer to each other potential customers which plan to apply for credit facilities. The company also provides its customers with performance guarantees, guaranteeing that the customers will perform their contractual obligations to the counter-parties in relation to, inter alia, delivery of goods, services contracts and other obligations. Save for the aforesaid, pursuant to the business scope of Hebei Da Sheng and Xiamen Da Sheng, the Group is also permitted to provide various kinds of performance guarantees, including without limitation provision of contract tendering and bidding guarantee and trade-related guarantees and litigation bond, which are yet to be provided by the Group. In addition the Group also provides its customers with consultancy services by entering into a separate consultancy services agreement with them. The Group also provides consultancy services for a fee based on a percentage of the guarantee amount or contract sum. The company boasts a strong market presence in Hebei and Xiamen provinces in China.
Units 03-05, 17th Floor, K. Wah Centre, 191 Java Road, North Point, Hong Kong
Hong Kong; Hong Kong;
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