CQRC Financial Leasing Co.,Ltd announced a capital increase of CNY 802,800,000 on October 12, 2022. The transaction will include participation from returning investor, Chongqing Rural Commercial Bank Co., Ltd. The method of capital increase will be through equity. The transaction has been approved by the 19th session of the company?s 5th directorate.

CNY 400 million will be added towards registered capital of the company.