Huida Commercial Factoring signed first business on October 27, 2016. All procedures completed on October 31. 

Huida signed a maximum 20 million factoring with Tuoyi Information and Technology, an integrated service provider of highway logistics industry. Tuoyi is asubsidiary of listed company Tianze Information. Tianze provide a fully guarantee to this business. 

Commercial factoring’s characteristics can be small single amount, controllable risk andhigh replication. The first signing is a cornerstone of Huida’s furtherdeveloping.