Xincheng Holdings et al. establish new company in Tianjin

According to the QiChaCha app, Tianjin Xinrong Susu Enterprise Management Center was recently established with a capital contribution of 1.6 billion yuan. Its business scope includes enterprise management, investment activities using its own funds, asset management services funded by its own capital, and information consulting services. The equity through traced by QiChaCha shows that this company is jointly held by New City Holding Group Enterprise Management Co., Ltd. and the Jiangsu Branch of China CITIC Financial Asset Management Co., Ltd.