China Reform's arm to boost financials via several entities

China Reform Holdings Corp Ltd, a State conglomerate that specializes in the restructuring and recapitalization of State-owned enterprises, is planning to boost its financial arm to help clear the debts of State-owned enterprises and increase their efficiency.

The company will accelerate the establishment of a comprehensive financial services platform, including a financial firm to help SOEs pay off debts and raise funds; a factoring entity to improve SOEs' cash flow; an online financing platform; and an insurance brokerage to help SOEs manage risks.