E-Town Leasing backs development of biotech companies
Beijing E-Town International Financing Leasing Co (also known as E-Town Leasing) has been supporting the development of biomedical technology enterprises based in the Beijing Economic-Technological Development Area (BDA).
Recently, E-Town Leasing provided BDA-based Beijing Xinkaiyuan Pharmaceuticals with a leaseback financing of 10 million yuan ($1.51 million), which was used by the company to supplement its working capital, alleviating the capital shortage caused by the COVID-19 epidemic.
Beijing Xinkaiyuan Pharmaceuticals is a national high-tech enterprise specializing in research and development-driven chemical small molecule medicines, and is dedicated to the research and development of high-end chemical generic drugs, biological products, innovative drugs, antibody drugs, and traditional Chinese medicines.
In September 2019, Beijing Xinkaiyuan Pharmaceuticals officially launched a postdoctoral workstation with the approval of the Beijing Municipal Human Resources and Social Security Bureau.
As a financial service platform for BDA-based enterprises, E-Town Leasing focuses on the strategic layout of industries in the BDA, focusing on providing efficient financial leasing solutions for high-end enterprises and promoting the rapid development of enterprises in the area.