DUBLIN, Ireland--(Business Wire)--Research and Markets
(http://www.researchandmarkets.com/reports/c78571) has announced the
addition of "China Financial Leasing Industry Report, 2007" to their
offering.
The report aims to serve for financial leasing companies and
investors to invest financial leasing industry. It analyzes the
operation of financial leasing industry in 2006 specifically, and
forecasts its development in 2007. It has five parts, and main
viewpoints are as the following:
Financial leasing, which can be called equipment leasing as well,
was a new trade form born in the USA in 1950s. Now, it has become one
of the main financing means for companies to renew the equipment. The
main function of financing leasing is financing and promotion. The
former is mentioned from the role of leaser, and the latter, service
supplier.
Financial leasing has become the mainstream finance tool only
after the bank credit in the west developed countries now. In
addition, as it is said that nearly 1/3 of investment in the world is
finished by financial leasing, which has become one of top five
pillars, taking the same important position in finance as bank,
insurance, trust and security.
Financial leasing industry has 27 years' history in China. It has
surged up three investment waves till now. The first wave was
financial investment introduced to China in the early stage of reform
and opening-up, the second was the financial leasing reorganization of
non-banking financial organization after China's entry into WTO, and
the third was originated in the end of 2004. Ministry of Commerce and
State Administration of Taxation carried out trial work on
domestic-funded enterprises engage in the financial leasing.
The sum of financial leasing contract signed by 24 pilot companies
in 14 provinces and municipalities, such as Beijing, Shanghai,
Zhejiang etc amounted to RMB 6.57 billion in 2006. The profit reached
RMB 135 million, and tax imposed was RMB 62.05 million. Its business
covers many industries, such as equipment manufacturing, metallurgy,
power, medical care, printing, aviation, railway, urban public
transportation, etc. This not only promoted the development of
financial leasing directly, improved the social recognition of
financial leasing, but also brought about the flourish of relative
industries and local economy.
China develops fast these years. Its growth ranks the world top
level. But with regards to factors that push economy forward, China
leasing industry contributes very little to Chinese economy
development, far less than the developed countries to be exactly.
Therefore China leasing industry still has a long way to go. Although
bottleneck such as credit, concept, policy and environment challenges
domestic leasing industry, we still forecast that the industry will
develop fast with the rapid growth of economic.
Companies Mentioned:
-- China Leasing Co., Ltd
-- Jiangsu Financial Leasing Co., Ltd
-- Shenzhen Financial Leasing Co., Ltd
-- Zhejiang Leasing Co., Ltd
-- International Far Eastern Leasing Co., Ltd
-- Deutsche Leasing (China) Co., Ltd
-- Beijing Zoomlion XinXing Construction Machinery Leasing Co.,
Ltd
For more information, visit
http://www.researchandmarkets.com/reports/c78571
Research and Markets
Laura Wood, Senior Manager
Fax: +353 1 4100 980
press@researchandmarkets.com
Copyright Business Wire 2008
