Operating history
The credit applicant must have been established for more than one year, remain operational and provide verifiable business records.
RMB 60mMinimum historical average annual purchases
70%Standard share of purchase price financed*
30%Client contribution to the purchase price
2–8 monthsCredit period for managed procurement only
*Subject to approval. The 70% ratio applies to the agreed purchase price, not the applicant’s annual revenue or bank turnover.
PURPOSE-BUILT FOR TRADE
ENERGY & ELECTRIC MOBILITY
ENERGY & ELECTRIC MOBILITY
Turn purchasing plans
into business progress.
VELA’s proposed financing policy connects verified procurement needs with transaction-specific funding. Two structures support eligible businesses: VELA-managed procurement and controlled purchase financing.
Eligible applicants are companies registered in mainland China or Hong Kong SAR. Overseas customers may apply through an eligible mainland or Hong Kong procurement entity; entities registered elsewhere fall outside the standard eligibility scope.
WHO CAN APPLY
A clear starting point.
Place of registration
The applicant must be registered in mainland China or Hong Kong SAR. Relationships among the applicant, contracting party and payer must be clear and approved.
Direct procurement
The applicant must contract directly with the upstream manufacturer. For VELA-managed procurement, a tripartite agreement or manufacturer-confirmed contractual arrangement must define procurement, payment and delivery responsibilities.
Purchasing scale
Historical average annual purchases must be at least RMB 60 million. The historical averaging period must be confirmed during credit assessment and verified against contracts, bank records and financial information.
Supplier requirements
Upstream suppliers should generally be leading manufacturers in their sector, subject to verification of identity, delivery capability, product credentials and designated payment accounts.
TWO WAYS TO MOVE FORWARD
Choose the structure for your order.
01 / PROCUREMENT & DELIVERY
VELA-managed procurement
You contribute 30% in advance. VELA funds the remaining 70%, completes the approved purchase and delivers the goods to you.
30% Client contribution70% VELA funding
2–8 month credit period on the funded portion
30% advance payment
Before VELA pays the manufacturer, the client pays VELA 30% of the agreed total purchase price. Separately allocated taxes, freight, insurance and other costs are arranged under the contract.
70% procurement funding
VELA funds the remaining 70% according to the approved order and payment milestones, completes procurement and delivers to the client. Funding is limited to the approved amount and actual purchase amount payable.
2–8 month credit period
The funded portion carries a 2–8 month credit period. Maturity and instalment or bullet repayment arrangements are agreed at signing; interest runs from each actual funding date until repayment of that principal.
Delivery and title
Contracts specify product specifications, acceptance, delivery location, risk transfer, title and warranty responsibilities. Retention of title or other security applies only where expressly agreed and legally effective.
02 / CONTROLLED DISBURSEMENT
Controlled purchase financing
You procure directly. Following contract and trade verification, VELA finances 70% of the purchase price through a bank-supported controlled account.
30% Client contribution70% VELA funding
Tenor and repayment approved per transaction
Genuine trade verification
VELA reviews contracts, orders, underlying trade and suppliers, verifies repayment sources and own funds, and checks for fictitious transactions or duplicate financing of the same purchase amount.
70% financing ratio
The standard financing amount is 70% of the agreed purchase price, subject to final approval. Before drawdown, the borrower must demonstrate that the remaining 30% is available from own funds or has been paid to the contracted supplier.
Controlled account and payment
Funds enter a bank-approved dedicated controlled account in the borrower’s name and may only be paid to supplier accounts specified in the contract. Bank-authorised operating mandates, dual approval or other effective controls enable VELA to control use of the financed funds. Cash withdrawals, unrelated transfers and other uses are prohibited.
Mandate scope and tenor
Controls are limited to agreed accounts and this financing, with permissions granted and terminated under bank rules; personal banking passwords and one-time codes are not shared. This structure is unavailable without effective bank-supported controls. Tenor, repayment schedule and rate are approved per transaction; the procurement model’s 2–8 month period does not automatically apply.
PLAN YOUR PURCHASE
See the 30 / 70 split.
Illustrate how an order’s purchase price is allocated between your contribution and financing. This is an arithmetic illustration, not a quotation or approval.
RMB 300,000Your contribution · 30%
RMB 700,000Illustrative financing · 70%
Excludes interest, taxes, freight, insurance and other applicable charges. The RMB 60m threshold concerns historical annual purchases, not the size of an individual order.
PRICING & REPAYMENT
Terms built around the transaction.
Transaction-specific annual pricing
Annualised pricing reflects Hong Kong financial market conditions, customer credit, tenor, currency, security and transaction risk. Fixed or floating pricing is confirmed in writing before funding. Floating terms identify the benchmark, margin, reset dates and adjustment method.
Transparent charges and repayment
Interest is calculated on outstanding principal, the agreed annual rate and actual days outstanding, using the 360- or 365-day basis stated in the agreement. Any service charges, bank charges, taxes, foreign-exchange costs and other applicable charges must be itemised in advance, with no undisclosed deductions.
Prepayment and extensions
Prepayment notice, charges and interest settlement are agreed in advance. Extensions require an application before maturity and separate approval; renewal is not automatic. Default interest, charges and recovery costs must be lawful and expressly documented.
FROM APPLICATION TO SETTLEMENT
A structured path forward.
Submit application
Identify the applicant, order amount, supplier, purpose, currency and requested tenor, and select the structure.
Due diligence
Submit the checklist and verify ownership, credit, purchasing scale, genuine trade, supplier and repayment sources.
Approval and documentation
Confirm limit, pricing, all charges, repayment, security and cross-border arrangements; execute definitive agreements.
Satisfy funding conditions
Establish the 30% contribution, account controls, verified supplier details and applicable registrations before milestone-based funding.
Delivery and settlement
Monitor delivery, acceptance and use of proceeds; repay as agreed and release applicable security and mandates after settlement.
PREPARE FOR ASSESSMENT
Your application documents.
Expand each category to review the supporting information. Submit confidential records only through an agreed secure channel; this page does not collect or upload them.
Corporate identity and ownership
Company profile; mainland business licence and articles; Hong Kong Business Registration Certificate, annual return and/or NNC1 as applicable; affiliated companies and ownership relationships; director-signed ownership chart tracing ultimate individual shareholders; controller profile including education, experience and assets relevant to credit assessment.
Credit and financial information
Corporate, legal representative and controller credit reports, where applicable and authorised, generally issued within three months; 2025 financial statements/audit report and tax returns; latest interim financial statements. For later applications, update to the latest completed financial year.
Bank and trade records
Six months of statements for principal Hong Kong bank accounts in PDF and Excel. Mainland applicants without such accounts provide approved statements for principal operating accounts. Submit complete upstream and downstream trade records: purchase contracts, POs, invoices, authorisations where applicable, payment evidence and logistics documents.
Operating and counterparty schedules
Prior-year and recent sales, purchases and inventory ledgers; top-five customer and supplier types, products, amounts, shares, settlement methods, credit terms and relationship duration; bank credit facilities, utilisation and maturities; 2025 revenue composition, gross margins and shares, updated for subsequent years.
Balance-sheet schedules
Electronic schedules of material balances in the latest accounts: top-five receivables, prepayments and payables; top-three other receivables, other payables and customer advances. Include amounts, related-party relationships and underlying reasons; add ageing, security or asset evidence as needed.
THE DETAILS THAT MATTER
Key financing terms.
Credit and drawdown conditions
Eligibility does not guarantee approval. Final limits depend on verified trade, customer risk and funding arrangements. The funding entity must hold applicable authority or a valid exemption and satisfy applicable banking, AML, sanctions screening and cross-border registration requirements.
Security and repayment sources
Guarantees, legally effective goods/receivables security or other credit support may be required according to risk and disclosed before signing. Existing security and encumbrances must be disclosed; undisclosed duplicate financing of the same purchase amount is prohibited.
Changes and refunds
Changes to suppliers, beneficiary accounts, goods, amounts or delivery require prior written approval and reverification. Cancellation, returns and supplier refunds are routed as agreed to the controlled account and applied first to the related financing; any balance is handled under law and contract.
Goods risk and default
Purchase and financing agreements allocate quality, delivery delay, insurance and force-majeure risks without excluding mandatory liabilities. Misuse, false information, overdue payment or material breach may trigger funding suspension, additional security or lawful acceleration, subject to agreed notice and applicable cure procedures.
Data and account security
Applicants must lawfully authorise submission of corporate and personal information. Data is used for diligence, approval, execution and legal obligations, disclosed only as necessary to banks or bound professional advisers, with access and retention limits. Account controls are released after settlement under banking and contractual requirements.
Agreements and disputes
Agreements identify the legal names of transaction and funding entities, governing law, dispute resolution, notice addresses and prevailing contractual language. These pages describe the service; discrepancies are resolved under the definitive agreement’s language clause and applicable law.
LET’S MOVE YOUR NEXT ORDER FORWARD.
If you need financing, submit your request to VELA.
Tell us about your company and procurement plan. Our team will follow up using the contact details you provide.
Draft business policy | This page is for discussion and does not constitute a credit commitment, funding commitment or fixed-rate offer. Transactions require approval, definitive agreements, lawful operating authority and compliance with applicable requirements. The historical averaging period and all transaction terms remain subject to assessment. No fixed interest rate or automatic approval is offered.