China Commercial Credit, Inc.


Direct Loans

The Company provides direct loans to borrowers with terms not exceeding one year. The Company offers both secured and unsecured direct loans. The Company offers over three types of secured loans, including loans guaranteed by a third party, referred to in China as guarantee-backed loans; loans secured by real property, referred to in China as collateral-backed loans, and loans secured by personal property. The Company also offers Guarantee-backed loans, Collateral-backed loans and Pledge-backed loans. In the case of guarantee-backed loans, the third party guarantor and the borrower are jointly and severally liable for the repayment of the loan. In the case of collateral-backed loans, the borrowers provide land use rights or building ownership as collateral for the loan. In the case of pledge-backed loans, the borrowers pledge negotiable instruments as collateral for the loan.

Guarantee Services

The Company provides guarantees to third party lenders on behalf of borrowers applying for loans with such other lenders. The Company’s guarantee is a commitment by it to repay the loan to the lender if the borrower defaults. It has cooperation agreements with over six state-owned and commercial banks pursuant to which it is accepted as a guarantor. In addition to the fee income, the Company earns interest on the refundable cash deposits provided to it by the borrowers. Such cash deposits are required to be made to its bank account when it approves the guarantee application.

Financial Leasing Services

PFL is licensed by State Administration For Industry & Commerce (SAIC) to provide leasing services in all of the Chinese provinces. PFL intends to offer financial leases on machinery and equipment, public transportation vehicles, and medical devices to municipal government agencies, public transportation agencies, hospitals and SMEs in Jiangsu Province and other provinces.”}” data-sheets-userformat=”{“2″:769,”3″:[null,0],”11″:4,”12”:0}”>China Commercial Credit, Inc., incorporated on December 19, 2011, is engaged in offering financial services in China. The Company’s operations consist of providing direct loans, loan guarantees and financial leasing services to small-to-medium sized businesses (SMEs), farmers and individuals in the city of Wujiang, Jiangsu Province. The Company’s loan and loan guarantee business is conducted through Wujiang Luxiang Rural Microcredit Co., Ltd., a microcredit company. Its financial leasing business is conducted through Pride Financial Leasing (Suzhou) Co. Ltd (PFL), its wholly owned subsidiary. The Company has three business lines, lending, guarantee and financial leasing. For its lending and guarantee services, it provides direct loans and guarantee services, to borrowers located within City of Wujiang, Jiangsu Province of China. In its direct loan business, it provides short-term loans to the borrowers and generates interest income. In its guarantee business, it acts as a guarantor to borrowers applying for short-term direct loans with other lenders and generates fee income.

Direct Loans

The Company provides direct loans to borrowers with terms not exceeding one year. The Company offers both secured and unsecured direct loans. The Company offers over three types of secured loans, including loans guaranteed by a third party, referred to in China as guarantee-backed loans; loans secured by real property, referred to in China as collateral-backed loans, and loans secured by personal property. The Company also offers Guarantee-backed loans, Collateral-backed loans and Pledge-backed loans. In the case of guarantee-backed loans, the third party guarantor and the borrower are jointly and severally liable for the repayment of the loan. In the case of collateral-backed loans, the borrowers provide land use rights or building ownership as collateral for the loan. In the case of pledge-backed loans, the borrowers pledge negotiable instruments as collateral for the loan.

Guarantee Services

The Company provides guarantees to third party lenders on behalf of borrowers applying for loans with such other lenders. The Company’s guarantee is a commitment by it to repay the loan to the lender if the borrower defaults. It has cooperation agreements with over six state-owned and commercial banks pursuant to which it is accepted as a guarantor. In addition to the fee income, the Company earns interest on the refundable cash deposits provided to it by the borrowers. Such cash deposits are required to be made to its bank account when it approves the guarantee application.

Financial Leasing Services

PFL is licensed by State Administration For Industry & Commerce (SAIC) to provide leasing services in all of the Chinese provinces. PFL intends to offer financial leases on machinery and equipment, public transportation vehicles, and medical devices to municipal government agencies, public transportation agencies, hospitals and SMEs in Jiangsu Province and other provinces.

Bank NameChina Commercial Credit, Inc.
Stock ExchangeLSE
SymbolCCCR
SectorFinancials
IndustryMajor Banks
CountryUnited States
World Region"North America "
ChairmanMr. Mingjie Zhao
CEOMr. Mingjie Zhao
Employees5
Website
Registered Year2008

  2017 2016 2015
  € m € m € m
Revenue      
Total interest income
Total Interest Expenses
Net Interest income
Total Net Revenue
       
Earnings per share      
Basic 0.6 0.14 4.96
Diluted 0.6 0.14 4.96
       
Assets      
Total current assets
Other assets 9.058 498.211 14,947.61
Total assets 7,165.28 9,570.74 24,446.84
Total current liabilities
Total liabilities 11,361.88 7,414.86 22,507.88
Total Equity -4,196.55 2,155.88 1,938.96
       
Net income -10,699.74 -2,580.14 -61,264.71
Net cash provided by operating activities 1
Net cash used for investment activities 1 2 3
Net cash provided by financing activities 2 2 9
       
       
Source: 86 512 6396 0022      
Currency in EUR, All numbers in million.      

United States
Yongkang