Market Research Report
China Financial Leasing Industry Report, 2017-2021
|Published by||ResearchInChina||Product code||301546|
|Published||Content info||150 Pages
Delivery time: 1-2 business days
|China Financial Leasing Industry Report, 2017-2021|
|Published: August 28, 2017||Content info: 150 Pages||
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’ by ResearchInChina focuses on the following: