Orix expands investment in Qingdao

Orix Corporation, a Fortune Global 500 company, recently set up another company in Qingdao, Shandong province with 200 million yuan in registered capital. Orix Financial Leasing Co, which is wholly owned by Orix Financial Leasing Co, is registered in the Qingdao Area of the China Pilot Free Trade Zone. The Orix Financial Leasing Co was founded in 2005 by Orix and registered in Shanghai, and is the largest Japanese financial leasing enterprise in China. Orix was founded in 1964, headquartered in Tokyo, Japan, and the largest non-bank financial institution and the largest integrated financial services group in Japan, and has a diversified business portfolio and a global business layout. In 1981, Orix and CITIC Group introduced the financial leasing business model in China and established the first financial leasing company in China as a joint venture.