Caterpillar (Beijing) Commercial Factoring Co was approved for registration and establishment in Beijing E-Town on Dec 25.

Its registered location is in the Yizhuang cluster of the high-end industrial zone of the Beijing Free Trade Pilot Zone. 

This is the first foreign-funded commercial factoring company in Beijing, marking a new achievement in the construction of the financial "Two Zones."

Caterpillar (Beijing) Commercial Factoring Co is invested and established by the wholly-owned subsidiary of Fortune Global 500 company Caterpillar Inc of the United States. 

Caterpillar Inc is one of the world's largest manufacturers of construction machinery and mining equipment, a manufacturer of gas engines and industrial gas turbines, and one of the world's largest diesel engine manufacturers, ranking 230th on the Fortune Global 500 in 2023.

Commercial factoring refers to the transfer of accounts receivable generated from deferred sales in sales and service contracts by enterprises. 

It provides comprehensive financial services, such as fund financing, sales account management, and accounts receivable collection. 

The newly established Caterpillar (Beijing) Commercial Factoring Co can meet the business factoring financing and accounts receivable management needs of Caterpillar Inc in the Chinese market, greatly alleviating its supply chain funding pressure. 

Meanwhile, the establishment of the company in Beijing E-Town will further improve the regional industrial financial supply system, broaden the financing channels for entity enterprises with high-quality supply chain financial services, enhance industrial agglomeration, and further strengthen support for the four leading industries in Beijing E-Town, as well as the city's entire commercial factoring industry.