What are the financial leasing companies?

what is the difference between a financial leasing company and a financial leasing company

a financial leasing company is a financial leasing company approved and supervised by the CBRC, which can be a subsidiary established by a banking institution or a company established by a non-banking institution. Must accept the strict supervision of CBRC (such as 114 reporting system).

ordinary financial leasing companies include domestic financial leasing companies and foreign financial leasing companies. domestic companies must be approved by the Ministry of commerce and the state administration of taxation, while foreign companies only need the approval of provincial commerce bureaus (offices), and the supervision is not strict.

compared with other leasing companies, financial leasing companies have higher requirements for tenants, higher value of leased equipment, insufficient flexibility, abundant funds and more large projects.

"financial lease" is a foreign word. It can be translated into "financial leasing" or "financial leasing". From the perspective of business operation, there is no difference between financial leasing and financial leasing. However, from the perspective of industrial division and supervision, there is a huge difference between financial leasing and financial leasing.

first, the industry division is different

according to the industry division, financial leasing companies belong to financial leasing in other financial activities in the financial industry (J-door 712 category). Financial leasing companies have not yet seen a clear industrial ownership, only in leasing and business services (L door 731 categories) to see the equipment leasing in the leasing industry.

ii. industrial differences

financial leasing companies are non-bank financial institutions. Financial leasing companies are non-financial institutions. Although financial leasing companies always want to rely on finance, the State Council's Notice on Strengthening the Supervision of Shadow Banking requires that non-financial institutions such as financial leasing should strictly define their business scope. Financial leasing companies should rely on suitable lease items to conduct business, and may not lend bank loans and corresponding assets. " Strictly prevent leasing companies from engaging in shadow banking business.

financial leasing companies are not included in the shadow banking suspicion. Although the sources of funds of financial leasing companies mostly come from the short-term capital market of the same industry. Because it has been included in the credit scale management, it is not a shadow bank, but at best it belongs to the financial business of a bank.

III. Different regulatory authorities

Financial leasing companies are pre-approved and supervised by the CBRC, and the Administrative Measures for Financial Leasing Companies have been promulgated. There are approval and supervision matters. Financial leasing companies are subject to pre-approval and supervision by the Ministry of Commerce. Due to legal authorization, the Measures for the Administration of Financial Leasing Companies cannot be issued at present, and only the Measures for the Supervision and Administration of Financial Leasing Enterprises can be issued, which only contains supervision and no approval items.

iv. deposit business

apart from the banking department, financial leasing companies can absorb shareholders' deposits. After normal operation, it can enter the interbank lending market. Foreign-funded enterprises in financial leasing companies can only borrow money from shareholders and cannot absorb shareholders' deposits. Nor can it enter the interbank lending market.

V. Legal authorization

The CBRC performs its administrative duties in accordance with the Banking Supervision Law of the People's Republic of China. At present, no legal document passed by the National People's Congress allows the Ministry of Commerce to authorize the pre-approval and supervision of financial leasing companies. The Company Law of the People's Republic of China, the Law of the People's Republic of China on Foreign-funded Enterprises, the Law of the People's Republic of China on Chinese-foreign Joint Ventures, the Law of the People's Republic of China on Chinese-foreign Joint Ventures and the Law of the People's Republic of China on Chinese-foreign Joint Ventures cited in the Measures for the Administration of Foreign-funded Leasing Industry have no legal provisions authorizing the former Ministry of Foreign Trade and Economic Cooperation or the present Ministry of Commerce to supervise and approve the financial leasing industry.

VI. Different ways of supervision and management

The supervision department of a financial leasing company shall supervise according to the lender. The leasing company conducts business activities within the credit scale approved by the regulatory authorities. When the leased assets change, it should be reported daily. The regulatory authorities have reliable monitoring of the bank accounts of leasing companies.

the supervision department of the financial leasing company supervises the operating behavior of the leasing company in a way that financial business is not allowed. The leasing company is required to "not engage in financial business such as taking deposits, issuing loans and being entrusted to issue loans". Without the approval of the relevant departments, financial leasing enterprises shall not engage in interbank lending and other businesses. It is strictly forbidden for financial leasing enterprises to carry out illegal fund-raising activities in the name of financial leasing. " The regulatory authorities can't timely and accurately grasp the actual asset status and capital flow of the leasing company. Leasing companies carry out business activities within the scope of credit granted by financial institutions.

VII. The scope of the leased object is different

The leased object of a financial leasing company is limited to "fixed assets". There is also window guidance in actual supervision to adjust the business scope of fixed assets. The subject matter of financial leasing companies is limited to "the leased property with clear ownership and real existence, which can generate income rights". The flexibility of the subject matter is inconsistent with accounting standards and tax policies, and it is easy to generate potential risks in the industry.

VIII. Different risk management indicators

Financial leasing ... > >

What are the main businesses of financial leasing companies

With the approval of the People's Bank of China, financial leasing companies can engage in the following local and foreign currency businesses: first, direct leasing, leaseback, sublease, entrusted leasing and other financing leasing businesses; Second, operating leasing business; Third, accept the lease funds entrusted by legal persons or institutions; Fourth, accept the lease deposit of the parties concerned; Fifth, provide the lessee with a working capital loan under the lease; Sixth, portfolio investment and equity investment of financial institutions; Seventh, issue financial bonds with the approval of the People's Bank of China; Eighth, borrow money from financial institutions; Ninth, foreign exchange borrowing; Tenth, interbank lending business; Eleventh, the sale and disposal of the residual value of leased goods; Twelfth, economic consultation and guarantee; Thirteenth, other businesses approved by the People's Bank of China.

What financial leasing companies are there in China?

As of June 216, there are 52 financial leasing companies, and the approval authority of financial leasing companies is in the banking regulatory bureau. In foreign countries, there are only financial leasing companies, and only in China can they be divided into financial leasing companies and financial leasing companies. All financial leasing companies can raise funds by issuing financial bonds. Therefore, it is difficult to approve!

List of foreign-invested financial leasing companies (739). In about 21, the examination and approval authority of foreign-invested financial leasing companies was delegated from the Ministry of Commerce to the business departments of provinces and municipalities directly under the Central Government. Therefore, it is these companies that have increased the most at present, and people feel very strange. The threshold of its registered capital is $2 million. Many companies are just at this threshold, and many companies are fake foreign capital. Since 211, most of these newly established companies are for this license, and most of them do not carry out substantive business.

What are the main categories of leasing?

The main categories of leasing are operating leasing and financial leasing. Details are as follows:

1. Operating leasing

Operating leasing is a service business in which the leasing company provides equipment, maintenance and personnel training to the lessee in a short period of time, also known as service leasing. The characteristics of operating lease are as follows:

(1) The leased equipment is generally selected by the leasing company according to the market needs, and then the leased enterprise is sought.

(2) The lease term is shorter than the effective use period of the assets, and the leased enterprise can terminate the contract halfway within reasonable restrictions.

(3) The leasing company is responsible for the repair and maintenance of the leased equipment.

(4) After the lease expires or the contract is terminated, the leased assets will be recovered by the leasing company. Operating lease is more suitable for renting production equipment with outdated technology.

2. financial leasing

financial leasing is a financing credit business in which the leasing company purchases equipment according to the requirements of the lessee and provides it to the lessee for use in a long contract period. it is a lease with the main purpose of financing. The main features of financial leasing are:

(1) The leased equipment is requested to be purchased by the leased enterprise, or directly selected by the leased enterprise from the manufacturer or seller.

(2) The lease period is long, which is close to the effective use period of the assets, and both parties have no right to cancel the contract during the lease period.

(3) The leased enterprise is responsible for the maintenance of the equipment.

(4) After the lease expires, the equipment shall be disposed of according to the methods agreed in advance, including returning it to the leasing company, continuing the lease, or keeping it for purchase by the enterprise. Usually, the enterprise's retained purchase method is adopted, that is, the equipment is bought at a very small "nominal price" (equivalent to the residual value of the equipment).

What are the major financial leasing companies in China

In terms of scale and market share, financial leasing companies in China can be mainly divided into the following two categories: one is Sino-foreign joint venture leasing companies without financial licenses and the other is general domestic financial leasing companies; The other is a financial leasing company with a financial license as a non-bank financial institution.

by the end of 29, there were 12 financial leasing companies and 147 non-financial institutions, including 37 domestic financial leasing companies and 11 foreign and Sino-foreign joint venture financial leasing companies.

(1) Development status of financial leasing companies

Since March 27, the newly revised Measures for the Administration of Financial Leasing Companies have been officially implemented, allowing qualified commercial banks to set up or participate in financial leasing companies. This is the second time that commercial banks have entered the financial leasing industry after more than 1 years of launching the leasing industry. At present, nine banks, including Minsheng Bank, Bank of Communications, Industrial and Commercial Bank of China, China Construction Bank, China Merchants Bank, China Development Bank and Agricultural Bank of China, have been approved to set up financial leasing companies.

It is expected that CBRC will approve more qualified banks to set up leasing companies. On the one hand, financial leasing business is a realistic choice for commercial banks to increase non-interest income, realize multi-field business and diversified income; On the one hand, after a large number of commercial banks are involved in the leasing industry, their financial strength and abundant liquidity at present are expected to ensure the source of leasing funds.

Table 6: The major banks are financial leasing companies

Company name (registered capital) (1 million) Time of establishment of the contributing banks. Scope of leasing business

ICBC Financial Leasing Company 2 Tianjin China Industrial and Commercial Bank 27.11 Ships, airplanes and large equipment

Jianxin Financial Leasing Company 45 Beijing China Construction Bank

Bank of America 27.12 Electric power, railways and ships, Aviation, construction, transportation

Bank of Communications Financial Leasing Company 2 Shanghai Bank of Communications 27.12 Electric Power, Petrochemical, Aviation and Shipping

Minsheng Financial Leasing Company 32 Tianjin Minsheng Bank 28.4 Aircraft, Ships, Metallurgy, Energy and Infrastructure

CMB Financial Leasing Company 2 Shanghai Merchants Bank 28.4 Coal-fired power and large-scale equipment, Environmental protection, public * * * infrastructure

Bank of China Financial Leasing Company 8 Shenzhen National Development Bank 28.5 Aircraft, energy dizzy and telecommunication equipment

In addition to banking financial leasing companies, there are other financial leasing companies such as Huarong Financial Leasing Co., Ltd., Jiangsu Financial Leasing Co., Ltd., Shenzhen Financial Leasing Co., Ltd. and Kunlun Financial Leasing Co., Ltd.

by the end of 29, the total balance of leased assets of these 12 financial leasing companies supervised by CBRC reached 15.73 billion yuan, with annual operating income of 7.779 billion yuan and total profit of 2.236 billion yuan, up by 12%, 8% and 61% respectively compared with 28.

Introduction to key enterprises:

1 ICBC Financial Leasing Co., Ltd.

ICBC Financial Leasing Co., Ltd. is a wholly-owned company established by China Industrial and Commercial Bank with a registered capital of 5 billion yuan. It is the first financial leasing company established by a commercial bank in the State Council and approved by the China Banking Regulatory Commission. It is also one of the largest corporate financial institutions that settled in Binhai New Area after the development strategy of the country was determined. Relying on the strong strength of China Industrial and Commercial Bank, the company provides all kinds of leasing products and financial industry services such as rent transfer and securitization, asset management and industrial investment consulting with international vision, market-oriented mechanism and professional quality. It is positioned as a large-scale and professional aircraft, ship and equipment leasing company, adhering to ICBC's professional foundation and excellent corporate culture in aircraft, ship and equipment leasing financing, and has established a complete corporate governance structure and internal management system.

"2" Bank of China Financial Leasing Co., Ltd.

Bank of China Financial Leasing Co., Ltd. is a non-bank financial institution approved by the China Banking Regulatory Commission, which was established by the China Development Bank after the equity restructuring and capital increase of the former Shenzhen Financial Leasing Co., Ltd., with a registered capital of 8 billion yuan. It is the largest financial leasing company in China and the second largest financial enterprise legal person in Shenzhen. After nearly ten years of development and innovation, the company has accumulated rich experience in aviation leasing business, such as aircraft financial leasing, operating leasing, acquisition of aircraft assets with leases, aviation materials and airport equipment leasing. By the end of October 29, the company's total assets reached RMB 3.3 billion, and the accumulated leasing business reached the people ...... >; >

what financial institution does a financial leasing company belong to?

Non-bank financial institutions

What are the main businesses of financial leasing companies

Financial leasing, also known as financial leasing, is a kind of financial business. It is generally used in the purchase of equipment. Three parties need to participate: the equipment user, the equipment seller and the financial leasing party. The equipment user puts forward the equipment requirements and the purchase target, and the financial leasing party buys the equipment from the equipment seller and then gives it to the user for use. The equipment user agrees to return the equipment principal and agreed interest to the financial leasing party.

what are the differences between financial leasing companies and general leasing companies, and who are their upper regulators?

There are two kinds of leasing companies.

1. The banking background is called "financial leasing", including ICBC leasing, CCB leasing, Bank of China leasing, China Merchants leasing, Minsheng leasing, etc., and the direct supervision is the leasing office of CBRC.

2. Non-bank background is called "leasing", including Far East leasing, global leasing, Rong Da leasing, Rongxing leasing, Mercedes-Benz car leasing, etc. The direct supervision is the Ministry of Commerce, and I am not sure whether it is "division" or "division". Personally, it should be the office under a certain division. After all, the Ministry of Commerce is divided into American University Division, Australian Division, European Supply Division, etc. It should be a leasing office under a domestic division.

what's the use of a financial leasing company

a financial leasing refers to a lease that substantially transfers all risks and rewards related to asset ownership. Then whether all risks and rewards are transferred is the difference between financial leasing and operating leasing.

for example, the lessor shall bear the risk of scrapping or damaging the leased equipment.

the risk of scrapping or damaging the financial leasing equipment shall be borne by the lessee.

The difference between financing lease of fixed assets and purchase of fixed assets is that the purchased fixed assets have their own ownership; The ownership of the fixed assets under financial lease still belongs to the lessor, but when the lease expires, the ownership may or may not be transferred to the lessee.

in accounting treatment, the recorded value of fixed assets under financial leasing should be selected.