On September 18th, Ultiledger Co-Founder and COO Tommy Xu visited Anhui Refinancing Co., Ltd. The Chairman Qingqi Wang, and the deputy General Managers Chunlei Jiang, Yuan Wang and the Assistant General Manager Chen Qian gave a warm reception to the Ultiledger Team. The two sides had a deep communication on blockchain factoring and blockchain self-financing.
There is great consensus on the blockchain application in commercial factoring, and both sides believe that there is a large space for the blockchain application. The main object of commercial factoring is the accounts receivable, and behind each account receivable is a trading scenario. From this perspective, commercial factoring and blockchain technology are a perfect pair. For the factoring company, the big data analysis and application of industrial information can have more effective risk management, and the supply chain financial services can be interactive developed through the use of blockchain and other technologies combined with the advantages of finance and the integration of business data.
In the communication, Tommy Xu introduced Ultiledger self-financing blockchain protocol which gained a high recognition from the Chairman Qingwei Wang, Deputy General Managers Chunlei Jiang and Yuan Wang. And they hope to visit Ultiledger in the near future.
About Anhui Refinancing Co., Ltd.
Anhui Refinancing Co., Ltd. formerly known as Anhui Wantou Small Credit Co., Ltd. (hereinafter to as “Wantou Small Credit”) was established in November 2013, by Anhui Provincial Investment Group UN Yuan Group and The Provincial Traffic Control Group with a registered capital of 1 billion RMB. Approved by the Provincial Financial Office, the Wantou Small Credit was changed to a provincial re-lending company in January 2018, becoming the only provincial-level re-lending company in Anhui and now it is the vice president unit of the China Microfinance Company Association.
Since its establishment, the provincial re-lending company has established a high-quality management team, based on the four functional positionings of government finance, technology finance, corporate finance and consumer finance, with a rich product system and fast and efficient services together with the innovative investment and loan business model. Accumulatively invested more than 20 billion RMB of credit funds to nearly 2,000 small and medium-sized enterprises in the province, which has made outstanding contributions to the development of the real economy. It has strong influence in Anhui Province and has established a good brand image of “Anhui Refinancing”.