Poly Finance definition

Poly Finance. 保利財務有限公司 (Poly Finance Company Limited), a joint venture entity established under the laws of the PRC “PRC” the People’s Republic of China, which for the purpose of this announcement excludes Hong Kong, the Macau Special Administrative Region of the PRC and Taiwan “PRC Group” the Company and its subsidiary(ies) established in the PRC “RMB” Renminbi, the lawful currency of the PRC “Share(s)” share(s) in the share capital of the Company “Shareholder(s)” holder(s) of the Shares
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Poly Finance. 保利財務有限公司 (Poly Finance Company Limited), a joint venture entity established under the laws of the PRC
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Poly Finance. 保 利 財 務 有 限 公 司 (Poly Finance Company Limited), a joint venture entity established under the laws of the PRC “PRC” the People’s Republic of China, which for the purpose of this announcement excludes Hong Kong, the Macau Special Administrative Region of the PRC and Taiwan “PRC Group” the Company and its subsidiary(ies) established in the PRC “RMB” PRC Renminbi, the lawful currency of the PRC “Share(s)” share(s) of HK$0.50 each in the share capital of the Company “Shareholder(s)” holder(s) of the Share
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Examples of Poly Finance in a sentence

  • Poly Finance is also subject to various regulatory and capital adequacy requirements, including capital adequacy ratios, loan-to-deposit ratios, limit on interbank loans and deposit reserve thresholds.

  • Poly Finance is owned as to an aggregate of 94.18% by China Poly Group and its associates, and is therefore a connected person of the Company.

  • The Company confirms that it will not provide any financial assistance to Poly Finance under these arrangements.

  • Pursuant to it, Poly Finance agrees to provide the Group with deposit services, credit lending services, settlement services and miscellaneous financial services pursuant to the terms and conditions of the New Financial Services Agreement.

  • As China Poly and its associates are substantial shareholders of the Company holding approximately 47.32% of the issued share capital of the Company, Poly Finance is an associate of a connected person of the Company under Chapter 14A of the Listing Rules.

  • The Company expects that each of the applicable percentage ratios of the total fees payable by the Group to Poly Finance in respect of miscellaneous financial services will be below the minimum threshold as stipulated under Rule 14A.76(1) of the Listing Rules, so the miscellaneous financial services are exempt from the reporting, announcement, annual review and Independent Shareholders’ approval requirements under Chapter 14A of Listing Rules.

  • In addition, depositing funds with Poly Finance is consistent with the Group’s relevant requirements on treasury centralisation and overall management.

  • Poly Finance is mainly engaged in providing deposit services, credit services, settlement services and other financial services.

  • Poly Finance is a non-bank financial institution with a financial licence issued by the CBIRC.

  • Information on Poly Finance Poly Finance is a sino-foreign joint venture non-bank financial institution incorporated in the PRC on 11 March 2008 and is owned as to 94.18% by China Poly Group and its associates and 5.82% by Credit Suisse AG, an Independent Third Party.


More Definitions of Poly Finance

Poly Finance. 保 利 財 務 有 限 公 司 (Poly Finance Company Limited), a joint venture entity established under the laws of the PRC “Poly Holdings” Poly (Hong Kong) Holdings Limited, a company incorporated in Hong Kong with limited liability which is a wholly-owned subsidiary of China Poly and a controlling shareholder of the Company “Poly Real Estate” 保 利 房 地 產 （ 集 團 ） 股 份 有 限 公 司 (Poly Real Estate Group Co., Ltd.), a limited liability company established in the PRC and a subsidiary of Poly Southern, whose shares are listed on the Shanghai Stock Exchange
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