Chongqing Department Store Set Up Hongkong Subsidiary To Carry Out Cross-Border Electricity Supplier Business

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Xiaobian network to introduce to you is Chongqing department store Hongkong subsidiary to carry out cross-border electricity supplier.

In August 19th, the reporter was informed in Yuzhong District of Chongqing that Chongqing department store announced the decision to set up Chongqing department store Limited by Share Ltd (Hongkong) Limited in Hongkong, which is a wholly owned offshore subsidiary with a registered capital of US $1, which is used to carry out cross-border e-commerce business.

Economic network news (reporter Xia Yiren Zhang Xiaofeng) in August 19th, China Economic Weekly - economic network reporter was informed in Yuzhong District of Chongqing, Chongqing department store announced that it decided to set up Chongqing department store Limited by Share Ltd (Hongkong) Limited in Hongkong, which is a wholly owned offshore subsidiary with a registered capital of US $1, which is used to carry out cross-border electricity business.

According to the introduction, Chongqing department stores, in order to carry out cross-border e-commerce business, will conclude the commodity purchase agreement through the Chongqing department store Limited by Share Ltd (Hongkong) Limited and Chongqing trading and import and export trade Co., Ltd., which is entrusted by the Hongkong company to import and export goods from overseas. The import and export company will collect the corresponding fee according to the volume of purchase.

Chongqing department stores said it expects to purchase about 125 million yuan (about 20 million dollars) in 2014.

Since 2012, Shanghai,

Hangzhou, Ningbo, Zhengzhou and other cities have launched cross-border e-commerce pilot projects.

According to the monitoring data of China Electronic Commerce Research Center, from 2008 to 2013, the composite annual growth rate of cross-border e-commerce pactions reached 31.1%.

At present, the growth rate of traditional electricity providers in China is basically 30%.

According to the analysis of the industry, the expansion of cross-border e-commerce business has opened up new profit channels for Chongqing department stores, but short term needs a lot of input.

Chongqing Yuzhong district government official responsible for the introduction, Chongqing department store decided to be the main sponsor, participated in the establishment of Chongqing immediately consumer financial Limited by Share Ltd.

Consumer Finance Companies registered capital of 300 million yuan, Chongqing department store invested 90 million yuan, accounting for 30% of Consumer Finance Companies shares.

Shanxi Securities said that Chongqing department store entered the new financial field through this investment.

The provision of credit and other financial services can better serve the company's main business and create new profit growth points.