Tokyo, Aug 13, 2010 (JCN) - ORIX Corporation announced that its wholly-owned subsidiary ORIX (China) Investment Co., Ltd. in Dalian, China has been approved as a multinational corporation "regional headquarters" by the City of Dalian.
ORIX's Chinese headquarters applied for approval as a regional headquarters in order to consolidate the acceleration of its various lending and investment activities in addition to furthering its existing leasing and rental businesses. This will increase the level of operational freedom such as enabling smoother approval for investment projects in China and increasing the Renminbi funding ceiling.
It will also be possible to comprehensively manage accounting, human resources and financial aspects of subsidiaries by unifying group companies under the Chinese Headquarters as a holding company. ORIX is aiming for improved operational efficiency by consolidating the management of the existing lease and rental subsidiaries in addition to future corporate investments under one umbrella.
In addition, the Global Business and Alternative Investment Headquarters established a "China Business Office" staffed entirely by Chinese nationals. This will serve as a bridge between China and ORIX Group companies and ORIX clients who are expanding business in China.
Since establishing its first location in China in 1981, ORIX has provided finance services in China capitalizing on the know-how it accumulated through business expansion in Japan and overseas.
After establishing the Chinese HQ in December 2009, ORIX has built a Chinese business platform by investing in Dalian Haichang Corporation Development Co., Ltd., the main company of the Dalian Haichang Group in January, an environment-related strategic alliance with the Chinese Academy of Science in April, and a funding alliance with the China Construction Bank, a major Chinese financial institution.
Copyright © 2013 JCN. All rights reserved. A division of Japan Corporate News Network KK.
 Company Profile |  Print |  Alerts
|
 |
|
Panasonic to Establish Fujisawa Town Management Company with its Partner Companies
(Oct 1, 2012)
|
|
|
ORIX and Partners to Perform PPP Survey for Disaster Recovery
(Dec 5, 2011)
|
|
|
Nine Leading Companies and Fujisawa City to Collaborate on Sustainable Smart Town Project
(May 26, 2011)
|
|
|
ORIX China Approved for Lending and Investment Business
(Aug 13, 2010)
|
|
|
Orix to Become Top Shareholder in Real Estate Developer Joint
(Sept 8, 2008)
|
|
|
ORIX submits Form 20-F for filing for Fiscal Year ending March 31, 2008
(Aug 29, 2008)
|
|
|
ORIX Announces Consolidated Results for the First Quarter of FY 2009
(Aug 14, 2008)
|
|
|
Orix, Credit Saison Mulling Biz Integration
(Aug 5, 2008)
|
|
|
Orix Auto to Offer Nissan GT-R Sports Car for Hire
(June 24, 2008)
|
|
|
ORIX Announces Consolidated Financial Results for the Fiscal Year Ending March 31, 2008
(May 9, 2008)
|
|
|
Recent
Financial General
News
|
|
|
|
|
|
Pasona Group and Toyota Tsusho Starting HR JV in Thailand (Feb 15, 2013)
|
|
|
Marubeni Sub Marnix and UK's Cooper Gay Sign Insurance Agreement (Jan 17, 2013)
|
|
|
ITOCHU Launches Insurance Business at Lloyd's of London (Jan 7, 2013)
|
|
|
ORIX and Partners to Perform PPP Survey for Disaster Recovery (Dec 5, 2011)
|
|
|
Mitsui Reports 2.63T Yen Revenue for 1HFY2011 (Nov 8, 2011)
|
|
|
Asahi Kasei 1H FY2011 Net Sales Up 5% (Nov 8, 2011)
|
|
|
Sumitomo Gross Profit Hits 470B Yen for 1HFY2011 (Nov 8, 2011)
|
|
|
Sojitz 1H FY 2012 Net Sales Up 11.7% (Nov 4, 2011)
|
|
|
Ibiden Posts 90% Drop in 2Q2011 Net Income (Oct 28, 2011)
|
|
|
NTT DoCoMo to Increase Investment in Germany's net mobile (Oct 13, 2011)
|
More Financial General news...
|
|
