Since 2014, a series of favorable policies have prompted China's financial leasing industry to develop rapidly. As of June 2017, there had been 8,218 financial leasing enterprises in China, which conducted the transactions worth RMB5.6 trillion; the figures were 8 times and 2.7 times those at the end of 2013 respectively.
In accordance with regulatory authorities, financial leasing companies in China can be divided into banking leasing companies, domestic-funded leasing companies and foreign-funded leasing companies; wherein, the foreign-funded leasing companies accounted for as high as 96.5% of the total at the end of June 2017, with the number of nearly 8,000; but, banking leasing companies contributed 37.8% to the business volume at the end of June 2017 thanks to strong financial strength, outperforming the other two types of companies. In the future, banking leasing companies will still be the main force for the industry.
Before 2014, China's financial leasing operations happened mainly in transportation, general equipment, industrial equipment and other traditional industries. Affected by economic restructuring, supply-side structural reform and other factors, the demand from traditional equipment manufacturing in China for financial leasing has declined in recent years, while the demand from aerospace, automotive, medical and health, marine engineering, green energy and other sectors has surged, especially energy equipment saw its financial leasing assets rise from more than RMB30 billion in 2014 to over RMB200 billion in 2016.
By region, China's financial leasing services are mainly available in Beijing, Tianjin, Shanghai and Guangdong, which is the result of their geographical advantages and policies. As of the end of 2016, the combined number of financial leasing companies in the four places had exceeded 80% of the country's total.
In China, the funds of financial leasing companies chiefly source from capital, bank loans, interbank borrowing (lending) and shareholders' deposits, among which shareholders' capital and bank loans play the leading role, reflecting relatively simple financing channels. Since China Securities Regulatory Commission adopted the record and negative list system for ABS (Asset-backed Securitization) in 2014, the financial leasing ABS was put in the spotlight by financial leasing companies as one of important financing channels.
In general, China's financial leasing industry is still in its infancy, facing problems like imperfect laws and regulations, incomplete tax policy, regional development imbalance, and monotonous financing channel, but with broad development prospects. In 2016, China's financial leasing market penetration rate was about 8%, far below 15-30% in Europe and the United States.
China Financial Leasing Industry Report, 2017-2021 focuses on the following:
Global financial leasing development, and status quo of financial leasing in the world's major countries;
Policy and economic environments for financial leasing in China;
Development history, market size, competitive landscape, financing channels, profit models and development trends of financial leasing in China;
Development of financial leasing in main industries, including aviation, shipping, construction machinery, medical equipment, printing equipment, rail transportation equipment, automobile, agricultural machinery, electric power, etc.;
Development of financial leasing in major regions of China, including Tianjin, Beijing, Guangdong and Shanghai;
Operation, financial leasing services, financing channels, development strategies, etc. of major financial leasing enterprises in China (including 10 banking leasing companies, 8 domestic-funded leasing companies and 10 foreign-funded leasing companies).
Key Topics Covered:
1. Overview of Financial Leasing Industry 1.1 Definition and Characteristics 1.2 Business Forms 1.3 Industry Chain
2. Global Financial Leasing Development 2.1 Overview 2.2 Major Countries 2.2.1 USA 2.2.2 Japan 2.2.3 Germany
3. Environments for Financial Leasing Development in China 3.1 Policy 3.2 Economy 3.2.1 GDP Growth Rate 3.2.2 Fixed Asset Investments 3.2.3 Capital Supply
4. Financial Leasing Development in China 4.1 Development History 4.2 Industrial Scale 4.2.1 Types and Number of Enterprises 4.2.2 Business Volume 4.2.3 Registered Capital 4.3 Competitive Landscape 4.3.1 by Region 4.3.2 by Enterprise 4.3.3 by Application 4.3.4 by Business Form 4.4 Financing Channels 4.4.1 Overview 4.4.2 Financial Leasing ABS 4.5 Profit Model 4.6 Development Trend
5. Development of Financial Leasing in Key Industries in China 5.1 Aviation Industry 5.2 Shipping Industry 5.3 Automobile Industry 5.4 Railway Transportation Equipment 5.5 Construction Machinery 5.6 Medical Equipment 5.7 Printing Equipment 5.8 Others
6. Development of Financial Leasing in Major Regions of China 6.1 Tianjin 6.2 Guangdong 6.3 Beijing 6.4 Shanghai
7. Key Banking Leasing Enterprises in China 7.1 ICBC Leasing Co. Ltd. 7.2 China Development Bank Financial Leasing Co. Ltd. 7.3 Bank of Communications Financial Leasing Co., Ltd. 7.4 Kunlun Financial Leasing Co., Ltd. 7.5 Minsheng Financial Leasing Co., Ltd. 7.6 Industrial Bank Financial Leasing Co., Ltd. 7.7 CCB Financial Leasing Co. Ltd. 7.8 CMB Financial Leasing Co., Ltd. 7.9 China Huarong Financial Leasing Co., Ltd. 7.10 Taiping & Sinopec Financial Leasing Co., Ltd.
8. Key Domestic-funded Financial Leasing Enterprises in China 8.1 Tianjin Bohai Leasing Co., Ltd. 8.2 Changjiang Leasing Co., Ltd. 8.3 Pu Hang Leasing Co., Ltd. 8.4 Guotai Leasing Limited Company 8.5 ALL Trust Leasing Co., Ltd. 8.6 AVIC International Leasing Co., Ltd 8.7 Fenghui Leasing Co., Ltd. 8.8 JIC Leasing Co., Ltd.
9. Key Foreign-funded Financial Leasing Companies in China 9.1 International Far Eastern Leasing Co., Ltd. 9.2 Ping An International Financial Leasing Co., Ltd. 9.3 Shandong Chenming Financial Leasing Co., Ltd. 9.4 Zhongyin Financial Leasing Co., Ltd. 9.5 China Universal Leasing Co., Ltd. 9.6 Haitong UniTrust International Leasing Corporation 9.7.1 Zhongjin International Financial Leasing (Tianjin) Co., Ltd.