Zhejiang Financial Assets Exchange Corporation (short for ZJFAE) was founded in 2014. In accordance with the spirit of the Third Plenary Session of the 18th CPC Central Committee, Zhejiang Financial Assets Exchange was set up, dedicated to revitalizing stocks and utilizing incremental growth. Based in Zhejiang, it faces the whole country, adheres to government guidance and market-oriented operation. It provides an open and fair trading platform for all types of financial assets to achieve flexible trading of funds demanders and suppliers under the current form of asset securitization and interest rate marketization. Also, it promotes the circulation of financial assets and product innovation, and creates a professional and standardized trading platform for financial assets and financial products.
Last year our corporation have just increase in capital and share, now with the support of the provincial government, our registered capital is 2.1 billion RMB. ZJFAE was established by the Zhejiang Provincial Financial Market Investment Co., Ltd (The subordinate of Zhejiang Provincial Financial Holdings Co., Ltd), Ningbo Urban Construction Investment Holding Co., Ltd (The subordinate of the State-owned Assets Supervision and Administration Commission of the People’s Government of Ningbo Municipal), China Minsheng Real Estate (The subordinate of China Minsheng Bank), and Guosen H&S. (The subordinate of Guosen Securities). ZJFAE is under the supervision of the Financial Work Office of the People's Government of Zhejiang Province.
ZJFAE now has more than 2 million registered members, issuing financial products about 30 billion RMB. ZJFAE now has employees nearly 200 people, 30% of the employees have master’s degree or higher, 17% of the employees have the experiences of study aboard. The major business of the ZJFAE is professional financial services, including Financial lease, factoring, Assets-back earning performance and Non-performing assets transferring project.