About Us

We have a complete business system to help clients achieve all-round asset management and appreciation.

Introduction of Formax Group

Formax Group Limited (hereinafter referred to as “Formax Group”, “the Group” or “Formax”), founded in 2012, is an innovative company, devoting itself into providing comprehensive financial services.

The Group’s main business involves three areas, which are internet finance, automobile and intellectual manufacturing, life and consumption. Each business line is separately managed and operated by group subsidiaries, including online trading service for Forex, Hong Kong stock and US stock, micro loan, wealth management, insurance, private fund, new/used car transaction, smart garage manufacturing, E-commerce for casual luxury and high-end customized travel service, etc. Formax has developed businesses in China, UK, New Zealand, Greece and Japan. In China, Formax businesses have covered 16 provinces, including Beijing, Shanghai, Hong Kong, Guangdong and Hunan etc.

Formax Group’s mission is “Create Wealth and Enjoy Life”, and the strategic plan is “Finance supporting industry and industry nurturing finance”. The Group aims at building a financial ecosystem through integrating technologies such as big data, cloud computing and mobile web with online and off-line consuming scenarios of financial, commercial and social communication sectors. The integration of life scenarios and financial products based on customer demands will make financial service become readily available for clients and improve the efficiency of resource allocation of investors and small and medium companies.

To better follow the wave of internet technology, Formax Group has adjusted its business model, organization chart and development strategies. After years of development, the Group has accumulated rich experiences on compliant operation, strategic management, internal talents management and capital operation, laying a solid foundation for future expansion.

In the future, Formax Group will carry forward the spirit of the craftsman to improve the company development strategy, product model and service model. We will strive to create value for the society, users and employees based on prudent operation and continuous innovation.

Development history

  • 2017
    1. 10 Oct. Acquired ZuluTrade to expand global business.
    2. 04 Officially set four business groups, including consumer finance group, internet securities group, wealth management group and KKUCAR group, clarified the development strategy of building a comprehensive financial service company.
    3. 01 Officially started in-depth cooperation with Ckcredit and KKUCAR.COM.
  • 2016
    1. 11 Formax JRQ has successfully operated for two years; the cumulative investment amount exceeds 7.5 billion RMB and the total user is more than 3 million.
    2. 08 Won the “Excellent New Internet Finance Company” in the Hong Kong Internet Finance Award.
  • 2015
    1. 12 Formax won “The Best Innovative Platform” and “The Best Trading Platform” awards in the 13th China’s Financial Annual Champion Awards.
    2. 02 Stock copy system - Forbag went live.
  • 2014
    1. 10 Formax JRQ mobile version went online.
    2. 08 Formax JRQ web version went online.
    3. 02 Hong Kong and UK subsidiaries were established.
  • 2013
    1. 05 CopyMaster trading community officially started operation, a milestone of combination of Formax and Internet technologies.
  • 2012
    1. 07 Formax Group was established with Formax JRQ - a financial trading and service platform as the core product.

Formax Management Team

  • Wang Xi

    Founder, Chairman and CEO

    Mr. Wang Xi holds a Bachelor Degree of Information Technology & Finance from the University of Auckland. Mr. Wang served in several renowned investment banks and gained rich experiences on high-frequency trading and asset management. Currently, Mr. Wang Xi performs as the CEO of Formax Group.

  • Mao Dawei

    Partner & COO

    Mr. Mao Dawei graduated from Wuhan University. In ten years of working for renowned IT companies, Mr. Mao took leadership positions in various projects. He has in-depth understanding of company management and operation. After joining in Formax Group, he used to work as CIO of the Group and won Chinese Excellent CIO award. Currently Mr. Mao is the COO of Formax, responsible for daily operation and public relation.

  • Wei Wenhua

    President of Consumer finance group & CIO

    Mr. Wei Wenhua graduated from Wuhan University of Technology, majoring in computer science & technology and economic law, and got his MBA degree from Renmin University of China. Mr. Wei Wenhua used to work in the Bank of China, Ping An Trust, Ping An Bank and China Resources Bank of Zhuhai. In 2015, Mr. Wei joined Internet Finance industry and worked as vice president and CIO of Meili Finance. Mr. Wei is the holder of CIO Qualification Certificate (Level one) and won technology innovation awards of the Bank of China and the bank industry for many times. Mr. Wei has been engaging in IT management and construction in financial industry for many years and has rich theoretical and practical experiences on IT network and financial risk in both traditional and internet finance.

  • Li Tengfeng

    CFO

    Mr. Li Tengfeng, a graduate from Anhui University of Finance and Economics, has more than 25 years of experiences in financial management, especially the fields of IPO, fund operation and asset securitization. Mr. Li is proficient in building internal control system with excellent ability of managing cash flow, budget, cost, financial analysis and taxation. Before joining Formax, Mr. Li worked for Hutchison Whampoa, Yuexiu Group, Yida Financial Holdings and Evergreen International Holdings as key executive. Mr. Li has proven experience in strategic planning, business model, company management and competitiveness improvement and guided the listing of Evergreen international Holdings on the main board of Hong Kong and Alaner on the NEEQ.

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