综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

Business / Markets

China to surpass US as world's largest financial leasing market: report

(Xinhua) Updated: 2015-07-21 17:00

TIANJIN - China's financial leasing market is expected to hit 5 trillion yuan during the first half of 2016 to become the world's largest, surpassing that of the United States, according to a report released Tuesday.

The number of financial leasing firms surged nearly 45 percent during the first half of this year to 3,185, and the sector is expected to maintain an annual growth rate of 30 percent during the next five years, according to the report on China's financial leasing industry released jointly by the China financial leasing association and its partners.

Financial leasing contracts stood at 3.66 trillion yuan at the end of June, up 14.2 percent from six months ago.

The surge in financial leasing activities is partly fueled by listed Chinese firms tapping the service for cheap credit, as the 21st China Business Herald reported last week that listed firms in the telecom, agriculture, pharmaceutical, energy and equipment manufacturing sectors have waded into leasing territory.

The newspaper said that listed firms have increasingly used sale leaseback -- the practice of renting assets sold earlier -- to obtain financing as much as 10 percent cheaper than bank loans.

Dozens of listed firms have built, acquired or bought stakes in financial leasing firms.

Equipment used as collateral for bank loans can only win companies funding up to 60 percent of the equipment's book value, according to the news report. In sale-leaseback, however, funding can reach more than 80 percent.

About one-fourth of China's financial leasing activities take place in the eastern Chinese coastal city of Tianjin, and its Dongjiang bonded port seeks to spearhead offshore financial leasing using preferential policies for the Tianjin free trade zone.

Hot Topics

Editor's Picks
...
广昌县| 西昌市| 沈丘县| 合山市| 南投县| 贵定县| 江阴市| 含山县| 恩施市| 北京市| 桓台县| 泽州县| 新绛县| 苍山县| 六安市| 罗山县| 宁阳县| 长葛市| 柏乡县| 拉孜县| 东台市| 胶州市| 禄丰县| 阿拉尔市| 偏关县| 克什克腾旗| 郴州市| 峨眉山市| 南乐县| 安福县| 泸州市| 安岳县| 双辽市| 彭水| 乳山市| 临沭县| 博白县| 汤阴县| 定日县| 屏东市| 桃源县|