According to the official website of Dongzheng Financial, the company opened in March 2015 and is headquartered in Shanghai, China. It is a licensed auto finance company that focuses on providing auto finance products and services for the purchase of luxury brand cars. It was joi

2024/06/2913:35:32 finance 1095

Sino-Singapore Jingwei, July 15th The China Banking and Insurance Regulatory Commission 15 disclosed that it agreed to the transfer of Shanghai Automobile Group Co., Ltd. (hereinafter referred to as " SAIC Group ") China Zhengtong Automobile Service Holdings Co., Ltd. (hereinafter referred to as "" Zhengtong Holdings ") holds 71.04% of the equity of Shanghai Dongzheng Auto Finance Co., Ltd. (hereinafter referred to as "Dongzheng Finance").

Screenshot source: China Banking and Insurance Regulatory Commission official website

Dongzheng Financial’s official website shows that the company opened in March 2015 and is headquartered in Shanghai, China. It is a licensed auto finance company focusing on providing auto finance products and services for the purchase of luxury brand cars. Services, listed on the Main Board of the Stock Exchange of Hong Kong Limited on April 3, 2019.

After this equity change, SAIC Group holds 1.52 billion shares of Dongzheng Financial, with a shareholding ratio of 71.04%; Dongfeng Motor Group Co., Ltd. holds 80 million shares of Dongzheng Financial, with a shareholding ratio of 3.74%.

According to the "Administrative Decision" (Shanghai Banking and Insurance Regulatory Commission [2020] No. 41) issued by Shanghai Banking and Insurance Regulatory Bureau on October 19, 2020, Zhengtong Holdings obtained the approval to establish Dongzheng Financial through improper means. Since the opening of Dongzheng Financial in March 2015, Zhengtong Holdings has been its controlling shareholder. Zhengtong Holdings and its related persons conducted illegal related transactions with Dongzheng Auto Finance , which seriously endangered the stable operation of Dongzheng Auto Finance.

Screenshot source: Shanghai Banking and Insurance Regulatory Bureau

The official website of Zhengtong Holdings shows that the company, together with its subsidiaries, is China's leading automobile dealer group, dedicated to the distribution of luxury and ultra-luxury brand cars, such as: Porsche , BMW , Mercedes-Benz , Audi , Jaguar Land Rover , Hongqi , Volvo , Cadillac , Infiniti, etc. (China-Singapore Jingwei APP)

finance

On July 11, on the occasion of the 14th Straits Forum held in Xiamen, the 2022 Xiang'an Fujian and Taiwan Youth Talent Conference and the 5th Xiang'an District Innovation and Entrepreneurship Competition were held with the theme of "Thinking to pursue the wind and cloud, developi - DayDayNews

On July 11, on the occasion of the 14th Straits Forum held in Xiamen, the 2022 Xiang'an Fujian and Taiwan Youth Talent Conference and the 5th Xiang'an District Innovation and Entrepreneurship Competition were held with the theme of "Thinking to pursue the wind and cloud, developi

The 5th Innovation and Entrepreneurship Competition opens. Hong Rongji, CEO of Jiniu, serves as the judge and mentor of the competition.

07/01 1031

[Source: Huaian News Network] The cells are welded to the welding strips and formed in series by the bus bars. The robots are then accurately arranged according to the design drawings, and the laminator is used to evacuate and package at high temperatures... Recently, in Jiangsu - DayDayNews

[Source: Huaian News Network] The cells are welded to the welding strips and formed in series by the bus bars. The robots are then accurately arranged according to the design drawings, and the laminator is used to evacuate and package at high temperatures... Recently, in Jiangsu

Huaian, Jiangsu: Implementing innovation-driven development strategy to lead urban transformation and upgrading

07/01 1686

Cryptocurrency winter is not just coming to holders of digital currencies, but also to startups looking for funding. Investment in venture capital-backed cryptocurrency companies slowed in the first half of the year, falling from a record $12.5 billion invested in the first half - DayDayNews

Cryptocurrency winter is not just coming to holders of digital currencies, but also to startups looking for funding. Investment in venture capital-backed cryptocurrency companies slowed in the first half of the year, falling from a record $12.5 billion invested in the first half

CrunchBase: Cryptocurrency funding numbers drop amid volatility in first half of year

07/01 1136

Red Net Moment News, July 15 (Correspondent Zijuan) "The prosperity of industry will lead to the prosperity of economy." This year, the state has introduced a large-scale combined tax and fee support policy, aiming to open up the industrial development chain and promote healthy a - DayDayNews

Red Net Moment News, July 15 (Correspondent Zijuan) "The prosperity of industry will lead to the prosperity of economy." This year, the state has introduced a large-scale combined tax and fee support policy, aiming to open up the industrial development chain and promote healthy a

Zhuzhou: Tax incentives ignite a “strong engine” for industrial development

07/01 1368

Ming Ming (Chief Economist of CITIC Securities) Since the beginning of this year, the impact of the epidemic, the Russia-Ukraine conflict and other unexpected events have continued to spread, and China's economy is facing challenges. In the second quarter, China's GDP growth rate - DayDayNews

Ming Ming (Chief Economist of CITIC Securities) Since the beginning of this year, the impact of the epidemic, the Russia-Ukraine conflict and other unexpected events have continued to spread, and China's economy is facing challenges. In the second quarter, China's GDP growth rate

Comment | Policies to stabilize growth are powerful and effective and promote rapid economic recovery

07/01 1544

U.S. lawmakers found that cryptocurrency mining is responsible for “substantial and rapidly growing carbon emissions.” They want the EPA to do something about it. U.S. congressional Democrats investigating the carbon footprint of the cryptocurrency mining industry are uncovering - DayDayNews

U.S. lawmakers found that cryptocurrency mining is responsible for “substantial and rapidly growing carbon emissions.” They want the EPA to do something about it. U.S. congressional Democrats investigating the carbon footprint of the cryptocurrency mining industry are uncovering

US Democrats release 'disturbing' cryptocurrency mining survey data

07/01 1807

Russian President Vladimir Putin signed a law on Friday banning the use of cryptocurrencies to pay for goods and services. Russian President Vladimir Putin on Friday approved a law banning the use of digital assets as a form of payment in Russia. - DayDayNews

Russian President Vladimir Putin signed a law on Friday banning the use of cryptocurrencies to pay for goods and services. Russian President Vladimir Putin on Friday approved a law banning the use of digital assets as a form of payment in Russia.

Russia bans cryptocurrency payments

07/01 1804

Less frothy markets mean you can differentiate between speculation and work laying the groundwork for the future Antoni Martin, head of enterprise at Polygon, is not happy about the collapse of cryptocurrencies. But he believes it's time to "distinguish between speculation and co - DayDayNews

Less frothy markets mean you can differentiate between speculation and work laying the groundwork for the future Antoni Martin, head of enterprise at Polygon, is not happy about the collapse of cryptocurrencies. But he believes it's time to "distinguish between speculation and co

Polygon co-founder says crypto winter is a good time to 'build'

07/01 1296

Who is the major shareholder of Xinte Electric? The full name of Xinte Electric is Xinhuadu Special Electric Co., Ltd.; industry category, electrical equipment, electrical machinery and equipment manufacturing industry. - DayDayNews

Who is the major shareholder of Xinte Electric? The full name of Xinte Electric is Xinhuadu Special Electric Co., Ltd.; industry category, electrical equipment, electrical machinery and equipment manufacturing industry.

A shares: Who is the major shareholder of Xinte Electric?

07/01 1628

On July 14, the Second China (Jiangsu) Intelligent Connected Automobile Talent Innovation and Entrepreneurship Competition Finals Award Ceremony and Jiangsu Intelligent Connected Automobile Industry Innovation Forum were successfully held in Suzhou Industrial Park. Technology fro - DayDayNews

On July 14, the Second China (Jiangsu) Intelligent Connected Automobile Talent Innovation and Entrepreneurship Competition Finals Award Ceremony and Jiangsu Intelligent Connected Automobile Industry Innovation Forum were successfully held in Suzhou Industrial Park. Technology fro

Create an industrial demonstration highland! The 2nd China (Jiangsu) Intelligent Connected Automobile Talent Innovation and Entrepreneurship Competition Finals was successfully held

07/01 1921