On the morning of March 18, Suzhou Financial Asset Exchange Co., Ltd. held its opening ceremony at Sandlake VC/PE Community, and on the same day the center signed contracts with Jinji Lake Small-loan Co., Ltd. and Mingsheng Bank Suzhou Branch on jus fruendi products with a total value of 50 million yuan. In the meantime, the exchange website www.szfae.com.cn was officially launched and direct financing products of 1 million yuan were sold out in a matter of one minute.

With a registered capital of 50 million yuan, its chief functions were to effect assets transfer, buy-over of special product income, assets of security products. The center will explore cross-border RMB financial assets exchange mode, provide financial assets exchange and cross-border financial service for customers at home and abroad and promote optimum allocation of financial resources.

It is reported that in 2014, the total financing has obtained 3.4 trillion yuan, and the comprehensive financial capability ranked among the top ten of the country in the structural frame of the traditional business of banking, securities, and insurance, and the new business of guarantee, small loan, funds, pawn shop, stock investment, financing and lease, and financial agents. With the opening of Suzhou Financial Asset Exchange, the financial market of Suzhou will be further enlivened to promote the close connection of fund users with social funds and the asset operation efficiency of various financial institutions.