NEW YORK, July 1 /Xinhua-PRNewswire/ -- China Finance, Inc., a provider of financial support and services for China’s large and rapidly expanding class of small and medium enterprises (SMEs), has appointed Ann Yu, a forward-thinking marketing and finance executive, to the position of President of its wholly-owned operating subsidiary Shenzhen Hua Yin Guaranty and Investment Limited Liability Corporation (“SHY”).
Mrs. Yu has over 26 years experience in fund management, equity financing, commercial loans and risk control. Since May 2005, Mrs. Yu has served as the Vice President of SHY, and, since August 2004, Mrs. Yu has served as the manager of the risk management department of SHY. From 1992 to 2004, she served as the manager of the finance department of Jin Tian Group Co., Ltd. From 1988 to 1992, Mrs. Yu served as CFO and the manager of the finance department of Shenzhen Technology Industry Park. From 1982 to 1987, Mrs. Yu served as the loan officer of Industrial and Commercial Bank of China, Anhui Branch.
The appointment of Mrs. Yu is a key element in China Finance’s long-term business strategy to develop China Finance into a dominant force in the financial arena.
Mr. Zhiyong Xu, China Finance’s President and Chief Executive Officer, noted: “We are very excited about the appointment of Mrs. Yu as president of SHY, and we believe her unique mix of experience and expertise will assist us during this high-growth period in our company’s development. I believe that her insightful leadership will serve every member of the management team well and, ultimately, enable us to reach ever higher levels of shareholder value. Her decision-making and business tactics will benefit the company greatly by allowing us to explore new business opportunities to expand our operations.”
ABOUT CHINA FINANCE, INC.
China Finance provides financial support and services - primarily in the form of surety guarantees, loan guarantees, or short-term loans - to privately owned SMEs when they seek access to capital or to be acquired by a United States reporting company. China Finance provides its services through its wholly-owned indirect subsidiary, Shenzhen Hua Yin Guaranty and Investment Limited Liability Corporation, which is located in the financial district of Shenzhen, China.