Exhibit 8.1

List of Subsidiaries of the Company

Name	Subsidiaries			Place of Incorporation
China Capital Financial LLC		100	%	Delaware
CRF China Limited		100	%	British Virgin Islands
CRF China Holding Co. Limited		100	%	Hong Kong
CRF Technology, LLC		100	%	California
HML China LLC		100	%	Delaware
HML China Investment LLC		100	%	Delaware
Capital Financial Co., Ltd.		100	%	People’s Republic of China
Shanghai Shouhang Business Management Co., Ltd.		100	%	People’s Republic of China
Shanghai CRF Business Management Co., Ltd.		100	%	People’s Republic of China
CRF Finance Lease Co., Ltd.		100	%	People’s Republic of China
Shanghai HML Asset Management Co., Ltd.		100	%	People’s Republic of China
Qianhai Shouhang Guarantee (Shenzhen) Co., Ltd.		100	%	People’s Republic of China
Shanghai CRF Financial Information Service Co., Ltd.		100	%	People’s Republic of China
Haidong CRF Micro-credit Co., Ltd.		100	%	People’s Republic of China
CRF Wealth Management Co., Ltd.		100	%	People’s Republic of China
Qinghai CRF Fund Management Co., Ltd.		100	%	People’s Republic of China
Shanghai CRF E-commerce Co., Ltd.		100	%	People’s Republic of China