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Payments and Settlements
Shanghai Electric Group Finance Company Ltd. supports internal transfers among group companies and external collections/payments, as well as bill acceptance and collection.

    · Online application for fixed deposits

    · Online payment

    · Free credit certification issuance

SEFC set up bill pooling in 2014, and the total settlement amount reached RMB 300 billion over the past 5 years. In 2018, SEFC supported 440,000 settlements in domestic and foreign currencies, which totaled RMB 1.4 trillion amount, ranking 7th among 128 local state-owned finance companies. 

SEFC constructed an ecosystem including a Bank-Enterprise Interface, Finance Company-Enterprise Interface, the ECDS of The People’s Bank of China, and a Commercial Paper Exchange Interface.

· In addition to counter services, SEFC provides efficient and convenient online services for fixed deposit applications and information query, avoiding the risks of storing paper vouchers.

· Serving group companies is the primary mission of SEFC. With an efficient internal settlement process that ensures same-day lending for approved loans, SEFC saves time and increases efficiency for its internal clients.

· SEFC efficiently issues customized credit and deposits certifications to group companies for free, assisting them in competing for orders and projects.

· At present, the company allows group companies to interface with the SAP and cost control systems, increasing the efficiency of settlement and payment, and reducing operational risks.

Contact Us
Shanghai Electric Finance Group
Address:No. 1406 South Xizang Road, Shanghai,PRC
Post code:200011
Tel: +86 21 63794999
Fax:+86 21 52895052