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China Financial Leasing Industry Report, 2015

Although China's economic growth saw continuous downturn, China financial leasing industry has maintained fast growth since 2014, with total turnover approximating RMB 3,420 billion as of the end of March 2015, a rise of about RMB 220 billion over that at the end of 2014. The number of enterprises totaled 2,661, an increase of 459 compared to the end of 2014. The number of foreign leasing companies enjoyed the fastest growth and increased by 420 to 2,440.

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With respect of application segments, aviation financial leasing business presented continuous growth. As of the end of Sep. 2014, there were nearly 2,200 passenger planes in Chinese civil aviation industry, of which 1,500 ones were from leasing (including 40% of financing leasing). This was mainly due to continuous business expansion and promotion of cross-border leasing products of banking leasing companies.

As of the end of 2014, ICBC Financial Leasing owns and manages over 420 planes, with customers covering more than 50 front-line airline companies. It has delivered 216 planes (including 213 commercial planes delivered for operation). The company's aircraft leasing assets exceeded RMB 70 billion. China Development Bank Leasing owns 43 airline company customers (including 15 domestic tenants and 28 overseas tenants) distributed in 23 countries and regions. CDB Leasing establishes business management platforms respectively in Shenzhen (headquarter), Shanghai Free Trade Zone, Tianjin Bonded Area, and Ireland.

Since 2014, financial leasing of shipping industry, second only to bank lending, has become the second largest ship financing channel. In 2014, Minsheng Financial Leasing, Bank of Communications Financial Leasing and CSSC Leasing accumulatively built more than 4 million dead weight tons of ships and contributed a large sum of orders to China's shipbuilding industry with innovative financial model.

Due to continuous downturn in shipping industry and poor performance of enterprises, banking financial leasing companies are more and more prudent when it comes to expanding shipping business, and focus more on advanced shipbuilding industry business. Take ICBC Financial Leasing for example. Its shipping business' main investment objects are marine engineering ships, assets from which took up 15% of total shipping business assets in 2013 and further to 51% in 2014.

China Financial Leasing Industry Report, 2015 by ResearchInChina focuses on the followings:

  • Business environment of financial leasing industry in China, including policy environment, economic environment, social environment as well as the development of global financial leasing industry;
  • Operation of China's financial leasing industry, including the enterprises' type and number, business transactions, registered capital, earnings, regional distribution, as well as the problems in the industry development;
  • The key application areas of China's financial leasing industry, including aviation, shipping, construction machinery, medical devices, printing equipment, railway transportation equipment, telecommunications and IT industry, security and protection industry, radio and television industry, and automobile industry;
  • 10 financial leasing companies, 8 domestic-funded leasing companies and 7 foreign-funded leasing companies in China, involving operation, financial leasing and financing channels, etc.

Table of Contents

Preface

1. Overview of Financial Leasing Industry

  • 1.1 Definition and Characteristics
  • 1.2 Business Forms and Applications

2. Operating Environment of China Financial Leasing Industry

  • 2.1 Policy Environment
  • 2.2 Economic Environment
    • 2.2.1 GDP Growth
    • 2.2.2 Fixed Asset Investment Growth
  • 2.3 Social Environment
  • 2.4 Global Financial Leasing Industry Development
    • 2.4.1 Overview
    • 2.4.2 USA
    • 2.4.3 Japan

3. Operation of China Financial Leasing Industry

  • 3.1 Number of Enterprises
    • 3.1.1 Type
    • 3.1.2 Quantity
  • 3.2 Business Volume
  • 3.3 Registered Capital
    • 3.3.1 Financial Leasing Enterprises
    • 3.3.2 Domestic-funded Financial Leasing Enterprises
    • 3.3.3 Foreign-funded Financial Leasing Enterprises
  • 3.4 Regional Development
  • 3.5 Enterprises' Profitability
    • 3.5.1 Profit Model
    • 3.5.2 Profitability

4. Key Fields of China Financial Leasing Industry

  • 4.1 Financial Leasing of Aviation Industry
    • 4.1.1 Development of Air Transport Industry
    • 4.1.2 Leasing Type
    • 4.1.3 Market Development
    • 4.1.4 Market Competition
    • 4.1.5 Major Aircraft Leasing Enterprises
    • 4.1.6 Development Outlook
  • 4.2 Financial Leasing of Shipping Industry
    • 4.2.1 Development of Shipping Industry
    • 4.2.2 Leasing Type
    • 4.2.3 Market Development
    • 4.2.4 Market Competition
  • 4.3 Financial Leasing of Construction Machinery
    • 4.3.1 Development of Construction Machinery Industry
    • 4.3.2 Market Development
    • 4.3.3 Market Competition
  • 4.4 Financial Leasing of Medical Equipment
    • 4.4.1 Development of Medical Equipment Industry
    • 4.4.2 Market Development
    • 4.4.3 Market Competition
    • 4.4.4 Problems
  • 4.5 Financial Leasing of Printing Equipment
    • 4.5.1 Development of Printing Equipment Industry
    • 4.5.2 Market Development
  • 4.6 Financial Leasing of Railway Transportation Equipment
    • 4.6.1 Development of Railway Transportation Industry
    • 4.6.2 Market Development
  • 4.7 Financial Leasing of Telecom & IT Industries
    • 4.7.1 Development of Telecom & IT Industry
    • 4.7.2 Market Development
  • 4.8 Financial Leasing in Security Industry
    • 4.8.1 Development of Security Industry
    • 4.8.2 Market Development
  • 4.9 Financial Leasing in Radio & TV Industry
    • 4.9.1 Development of Radio & TV Industry
    • 4.9.2 Market Development
    • 4.9.3 Key Enterprises
  • 4.10 Financial Leasing in Automotive Industry
    • 4.10.1 Development of Automobile Industry
    • 4.10.2 Market Development
    • 4.10.3 Market Competition

5. Key Financial Leasing Enterprises in China

  • 5.1 ICBC Financial Leasing Co. Ltd.
    • 5.1.1 Profile
    • 5.1.2 Operation
    • 5.1.3 Financial Leasing Business
    • 5.1.4 Aviation Leasing Business
    • 5.1.5 Shipping Leasing Business
    • 5.1.6 Large-size Equipment and Automobile Leasing Business
    • 5.1.7 Financial Leasing Business
  • 5.2 CDB Financial Leasing Co. Ltd.
    • 5.2.1 Profile
    • 5.2.2 Operation
    • 5.2.3 Financial Leasing Business
    • 5.2.4 Financial Leasing Business
    • 5.2.5 Regional Focus--Tianjin
  • 5.3 Bank of Communications Finance Leasing Co., Ltd.
    • 5.3.1 Profile
    • 5.3.2 Operation
    • 5.3.3 Financial Leasing Business
    • 5.3.4 Financial Channel
  • 5.4 Kunlun Financial Leasing Co., Ltd.
    • 5.4.1 Profile
    • 5.4.2 Financial Leasing Business
  • 5.5 Minsheng Financial Leasing Co., Ltd.
    • 5.5.1 Profile
    • 5.5.2 Operation
    • 5.5.3 Financial Leasing Business
    • 5.5.4 Financial Channel
    • 5.5.5Strategy
  • 5.6 Industrial Bank Financial Leasing Co., Ltd.
    • 5.6.1 Profile
    • 5.6.2 Operation
    • 5.6.3 Financial Leasing Business
    • 5.6.4 Financial Channel
  • 5.7 CCB Financial Leasing Co. Ltd.
    • 5.7.1 Profile
    • 5.7.2 Operation
    • 5.7.3 Financial Channel
  • 5.8 CMB Financial Leasing Co., Ltd.
    • 5.8.1 Profile
    • 5.8.2 Operation
    • 5.8.3 Financial Leasing Business
    • 5.8.4 Financial Channel
  • 5.9 China Huarong Financial Leasing Co., Ltd.
    • 5.9.1 Profile
    • 5.9.2 Operation
    • 5.9.3 Financial Leasing Business
    • 5.9.4 Financial Channel
  • 5.10 Taiping & Sinopec Financial Leasing Co., Ltd.

6. Key Domestic-funded Financial Leasing Enterprises in China

  • 6.1 Tianjin Bohai Leasing Company
    • 6.1.1 Profile
    • 6.1.2 Operation
    • 6.1.3 Financial Leasing Business
    • 6.1.4 Financial Channel
  • 6.2 Changjiang Leasing Co., Ltd.
  • 6.3 Puhang Lease Co., Ltd.
  • 6.4 Guotai Leasing Limited Company
    • 6.4.1 Profile
    • 6.4.2 Development Course
    • 6.4.3 Financial Leasing Business
    • 6.4.4 Financial Channel
  • 6.5 ALL Trust Leasing Co., Ltd.
    • 6.5.1 Profile
    • 6.5.2 Development Course
    • 6.5.3 Financial Leasing Business
    • 6.5.4 Operation
    • 6.5.5 Strategy
  • 6.6 AVIC Leasing Co., Ltd.
    • 6.6.1 Profile
    • 6.6.2 Operation
    • 6.6.3 Financial Leasing Business
  • 6.7 JIC Leasing Limited Liability Company
    • 6.7.1 Profile
    • 6.7.2 Financial Leasing Business
  • 6.8 ZOOMLION Financial Leasing (Beijing) Co., Ltd.
    • 6.8.1 Profile
    • 6.8.2 Operation

7. Key Foreign-funded Financial Leasing Enterprises in China

  • 7.1 Shandong Chenming Finance Leasing Co., Ltd.
  • 7.2 International Far Eastern Leasing Co., Ltd.
  • 7.3 Ping An International Financial Lease Co., Ltd.
    • 7.3.1 Profile
    • 7.3.2 Financial Leasing Business
  • 7.4 HaitongUniTrust International Leasing Corporation
    • 7.4.1 Profile
    • 7.4.2 Financial Leasing Business
    • 7.4.3 Financial Channel
  • 7.5 Guangzhou Yuexiu Financial Leasing Co., Ltd.
    • 7.5.1 Profile
    • 7.5.2 Development Course
  • 7.6 Lei Shing Hong Financial Lease (China) Co., Ltd.
  • 7.7 Yangtze River International Leasing Co., Ltd.

8. Market Overview and Development Outlook

  • 8.1 Market Overview
    • 8.1.1 Operating Indicators
    • 8.1.2 Key Fields
  • 8.2 Development Outlook
    • 8.2.1 Trends
    • 8.2.2 Business Volume Forecast
    • 8.2.3 Market Competition Forecast

Selected Charts

  • Major Characteristics of Financial Leasing
  • Clients'Reasons for Choosing Financial Leasing
  • Principals Forms of Financial Leasing Business
  • Served Industries of Equipment Financial Leasing
  • Served Devices of Equipment Financial Leasin
  • Relevant Policies on China Financial Leasing Industry, 2010-2015
  • Relevant Policies on Financial Leasing Industry in Shanghai and Tianjin
  • GDP Growth in China, 1990-2015
  • American Leasing Enterprises Structure
  • Financial Channel Structure of Bank Leasing Enterprises in America
  • Leasing Business Structure in Japan (by Application Fields)
  • Leasing Motives of Japanese Enterprises
  • Basic Requirements from CBRC on Establishment of Financial Leasing Companies in China
  • Basic Requirements from Ministry of Commerce of PRC on Establishment of Financial Leasing Companies in China
  • Number of Financial Leasing Companies in China, 2007-2015
  • Number of Financial Leasing Companies (by Type) in China, 2007-2015
  • Total Business Volume of Financial Leasing Industry in China, 2006-2015
  • Total Business Volume of Financial Leasing Industry in China (by Enterprise Type), 2006-2015
  • Market Penetration Rate in China Financial Leasing Industry, 2006-2015
  • Registered Capital of Financial Leasing Enterprises in China, 2012-2015
  • TOP10 Financial Leasing Enterprises in China (as of Dec. 31, 2014)
  • TOP10 Financial Leasing Enterprises in China (as of Mar. 31, 2014)
  • TOP 10 Financial Leasing Enterprises Approved by CBRC in China (as of Dec. 31, 2014) (by Registered Capital)
  • TOP 10 Financial Leasing Enterprises Approved by CBRC in China (as of Mar. 31, 2015) (by Registered Capital)
  • TOP 10 Domestic-funded Financial Leasing Enterprises in China (as of Dec. 31, 2014) (by Registered Capital)
  • TOP 10 Foreign-funded Financial Leasing Enterprises in China (as of Dec. 31, 2014) (by Registered Capital)
  • TOP 10 Foreign-funded Financial Leasing Enterprises in China (as of Mar. 31, 2015) (by Registered Capital)
  • Regional Structure of Financial Leasing Enterprises in China, 2014
  • Regional Distribution of Financial Leasing Enterprises in China (as of Dec. 31, 2014)
  • TOP10 Financial Leasing Enterprises in Shanghai, China (as of Mar. 31, 2015) (by Registered Capital)
  • Profit Model of Financial Leasing Industry
  • TOP 8 Financial Leasing Enterprises Approved by CBRC in China, 2014 (by Total Asset)
  • TOP 6 Financial Leasing Enterprises Approved by CBRC in China, 2014 (by Net Income)
  • Key Operating Indicators for China Air Transport Industry, 2008-2015
  • Number of Civil Aircrafts in China, 2004-2013
  • Aircraft Leasing Market Share in China
  • Operating Indicators of Aircraft Leasing Business of Banking System Enterprise-oriented Aviation Leasing Enterprises in China, 2014
  • Securities Issuance of Leasing Assets of Major Financial Leasing Enterprises in China, 2014-2015
  • Three Main Indicators for Shipbuilding in China, 2008-2015
  • Advantages vs. Disadvantages of Ship Financing Methods in China
  • Shipping Financial Leasing Market Share in China
  • Operating Revenue and Total Profit of Construction Machinery Industry in China, 2007-2014
  • Revenue and Net Income of Major Listed Construction Machinery Enterprises in China, 2014
  • Business Volume of Chinese Construction Machinery Financing Leasing and Market Penetration, 2006-2015E
  • Major Construction Machinery Financial Leasing Companies in China
  • Construction Machinery Financial Leasing Market Share in China
  • Receivables and % of Total Assets of Sany Heavy Industry, 2003-2014
  • Medical Equipment Sales in China, 2001-2014
  • Sales Channel of Medical Equipment in China, 2014
  • Medical Equipment Financial Leasing Market Share in China
  • Introduction of Major Medical Equipment Financial Leasing Enterprises in China
  • Major Operating Indicators of Far East Horizon, 2014
  • Revenue Structure of Far East Horizon (by Business Segments), 2012-2014
  • Operating Revenue and Total Profit of Printing Equipment Industry in China, 2007-2014
  • Operating Revenue and Total Profit of Railway Transportation Equipment Industry in China, 2009-2014
  • Fixed Asset Investment in China Computer, Communication and Other Electronic Equipment Manufacturing Industries, 2006-2014
  • Fixed-asset Investment in China Telecom Industry, 2006-2014
  • Financial Leasing Model of Telecom Network Construction Projects
  • Three Major Businesses of IBM Global Financing
  • Financial Leasing Solutions of IBM Global Financing
  • Market Scale of China Security Industry, 2008-2014E
  • Market Scale of China Security Industry (by Segment Markets), 2007-2011
  • Revenue of Radio & TV Industry in China, 2006-2014
  • Output of Automobile in China, 2005-2015
  • Sales Volume of Automobile in China, 2005-2015
  • Classification of Chinese Automobile Financial Leasing Enterprises
  • Contrast Between Financial Loan and Financial Leasing in Automobile Industry
  • Introduction of Professional Automobile Financial Leasing Enterprises
  • Financial Leasing Business Sample of Mercedes-Benz Lease (China)
  • Basic Information of ICBC Financial Leasing Co. Ltd.
  • Major Operating Indicators of ICBC Financial Leasing Co. Ltd., 2008-2014
  • Registered Capital of ICBC Financial Leasing Co. Ltd., 2010-2015
  • Financial Leasing Business of ICBC Financial Leasing Co. Ltd.
  • Major Operating Indicators of ICBC Financial Leasing Co. Ltd., 2012-2014
  • Major Aviation Leasing Orders of ICBC Financial Leasing
  • Shipping Leasing Orders of ICBC Financial Leasing
  • Equipment Leasing Orders of ICBC Financial Leasing, 2014
  • Basic Information of CDB Leasing
  • New Leasing Business Volume and Growth of CDB Leasing, 2007-2013
  • Total Assets and Net Income of CDB Leasing, 2007-2014
  • Business Data of CDB Leasing
  • Partners of CDB Leasing
  • Basic Information of Bank of Communications Finance Leasing Co., Ltd.
  • Major Operating Indicators of Bank of Communications Leasing, 2011-2014
  • Financial Leasing Business of Bank of Communications Leasing
  • Basic Information of Kunlun Financial Leasing Co., Ltd.
  • Main Business Fields of Kunlun Financial Leasing
  • Basic Information of Minsheng Financial Leasing Co., Ltd.
  • Major Operating Indicators of Minsheng Financial Leasing Co., Ltd., 2010-2014
  • Ownership of Aircrafts and Ships of Minsheng Financial Leasing Co., Ltd., 2010-2014
  • Financial Leasing Business of Minsheng Financial Leasing Co., Ltd.
  • Basic Information of Industrial Bank Financial Leasing Co., Ltd.
  • Major Operating Indicators of Industrial Bank Financial Leasing Co., Ltd., 2011-2014
  • Financial Leasing Business of Industrial Bank Financial Leasing Co., Ltd.
  • Financial Leasing Business Sample of Industrial Bank Financial Leasing Co., Ltd.
  • Major Partners of Industrial Bank Financial Leasing Co., Ltd.
  • Basic Information of CCB financial leasing Co. Ltd.
  • Major Operating Indicators of CCB financial leasing Co. Ltd., 2009-2014
  • Basic Information of CMB Financial Leasing Co., Ltd.
  • Major Operating Indicators of CMB Financial Leasing Co., Ltd., 2010-2014
  • Introduction to Business Range of CMB Financial Leasing
  • Basic Information of China Huarong Financial Leasing Co., Ltd.
  • Financial Leasing Business of China Huarong Financial Leasing Co., Ltd.
  • Basic Information of Taiping & Sinopec Financial Leasing Co., Ltd.
  • Basic Information of Tianjin Bohai Leasing Company
  • Holding Relation of Bohai Leasing
  • Major Operating Indicators of Tianjin Bohai Leasing Company, 2011-2014
  • Financial Leasing Business of Tianjin Bohai Leasing Company
  • Basic Information of Changjiang Leasing Co., Ltd.
  • Basic Information of Puhang Lease Co., Ltd.
  • Basic Information of Guotai Leasing Limited Company
  • Development Course of Guotai Leasing Limited Company
  • Basic Information of ALL Trust Leasing Co., Ltd.
  • Development Course of ALL Trust Leasing Co., Ltd.
  • Assets, Liabilities and Owner's Equity of ALL Trust Leasing Co., Ltd., 2011-2014
  • Revenue and Profits of ALL Trust Leasing Co., Ltd., 2011-2014
  • Basic Information of AVIC Leasing Co., Ltd.
  • Major Operating Indicators of AVIC Leasing Co., Ltd., 2012-2014
  • Financial Leasing Business of AVIC Leasing Co., Ltd.
  • Financial Leasing Orders of AVIC Leasing Co., Ltd., 2014-2015
  • Basic Information of JIC Leasing
  • Basic Information of ZOOMLION Financial Leasing (Beijing) Co., Ltd.
  • Major Operating Indicators of Financial Leasing Business of ZOOMLION, 2012-2014
  • Basic Information of Shandong Chenming Finance Leasing Co., Ltd.
  • Basic Information of International Far Eastern Leasing Co., Ltd.
  • Assets and Equity of International Far Eastern Leasing Co., Ltd., 2013-2014
  • Basic Information of Ping An International Financial Lease Co., Ltd.
  • Basic Information of HaitongUniTrust International Leasing Corporation
  • Financial Leasing Business of HaitongUniTrust International Leasing Corporation
  • Basic Information of Guangzhou Yuexiu Financial Leasing Co., Ltd.
  • Basic Information of Lei Shing Hong Financial Lease (China) Co., Ltd.
  • Basic Information of Yangtze River International Leasing Co., Ltd.
  • Major Operating Indicators of China Financial Leasing Industry (as of Mar., 2015)
  • Introduction of Key Fields of Financial Leasing Industry in China
  • Total Business Volume of Financial Leasing Industry in China, 2015E-2018E
  • Market Pattern Forecast of China Financial Leasing Industry
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