A client company of Hefei High-tech Financing Guarantee Co Ltd – a group based in the Hefei high-tech zone in Hefei, capital of East China's Anhui province – completed the city' first online corporate property mortgage on May 6.

The finance group has handled a raft of real estate mortgages and released mortgage cases online since last March, with the average business handling time reduced by more than 90 percent – greatly increasing the efficiency of its corporate financing operations.

The traditional guarantee business usually takes a protracted period to arrange, with complex procedures. The online service for corporate property mortgages by contrast makes things much easier.

Besides pushing forwards with the development of its real estate registration online platform, Hefei High-tech Financing Guarantee Co Ltd has also introduced new technologies such as face recognition and big data screening in order to streamline the entire process.

By continually expanding its cooperation with banks, financial institutions and government departments, the company has launched new guarantee business and signed cooperation agreements with 25 banks in Hefei high-tech zone, to reduce its loan rate for enterprises.

Moving forwards, the finance company plans to expand its financial resources to better meet the needs of technological innovation-based enterprises – in the process of improving business efficiency, benefiting client enterprises and satisfying the public.