Sheng Ye Capital Limited (“SY Capital” or the “Company”, together with its subsidiaries, the “Group”, HKEx: 6069), China’s first commercial factoring company listed on the main board of the Hong Kong Stock Exchange announced that it is currently in the process of pursuing initiatives to further strengthen its technology leadership and solidify its position within the supply chain ecosystem. This will be achieved through acquisitions and investments in several strategic key areas under its Dual-Engine, One-Platform plan announced in January 2021.
Industrial Technology Engine:
Digital Finance Engine:
Investments into the Dual-Engines set out above will enable the Group to acquire deeper industry data, enhance its technological capabilities and create new markets within the supply chain ecosystem to capitalize on the burgeoning demand for supply chain financial services. This will accelerate the Group’s “platformization” strategy and boost its platform-based technology services and market position within the supply chain financing ecosystem. Additionally, these initiatives are also aligned with the Chinese government’s policies for developing strategic emerging industries as well as supporting the stable and healthy growth of the small and medium enterprises segment.
The Group believes that the successful integration of these core competencies will cement its technological leadership, further drive supply chain efficiency, and promote inclusive finance as part of its long-term corporate objectives.