Ding Sheng Xin Finance Co Ld (ASX:DXF), the ASX-listed parent company of the DXF Group, has informed the Australian Securities Exchange its intention to expand its operations into the Australian market, enabling Australia-based businesses and individuals to access the Company’s innovative portfolio of finance products.
DXF Group provides financing and non-financing guarantee services to SMEs and individuals in China.
In a disclosure to the ASX, Ding Sheng Xin Finance said it has selected Honourplus Funds Management Pty Ltd (‘Honourplus’) and FX Plus Trading Academy Pty Ltd (”FXPlus”) as its preferred partners for a collaborative entry into the Australian market.
FXPlus is an established Australia-based business servicing the Chinese investment community in Sydney, Melbourne and Brisbane. FXPlus is a provider of financial education, offering several courses and certificates to both individuals and institutional clients.
The partnership with Honourplus and FXPlus will provide DXF with a fast tracked access to potential business and individual customers for its products and offers DXF access to a strong, local management team with invaluable experience in operating in the Australian regulated financial services industry and business community, significantly derisking DXF’s entry into the Australian market. – BusinessNewsAsia.com