国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

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
...
凤冈县| 红原县| 南部县| 普洱| 肃北| 叶城县| 陇川县| 噶尔县| 隆德县| 瓮安县| 霞浦县| 四子王旗| 忻州市| 温宿县| 云梦县| 遂昌县| 屯门区| 商丘市| 广宗县| 铜梁县| 鹤岗市| 红河县| 乳山市| 宝坻区| 仁怀市| 沭阳县| 镇原县| 安庆市| 开阳县| 公主岭市| 忻城县| 孝义市| 荔浦县| 遵化市| 江陵县| 兰坪| 长岛县| 安宁市| 文水县| 即墨市| 临澧县|