The rapid development of China's
financial leasing industry in 2012 was remarkable. In 2012, the business
turnover of China's financial leasing was CNY 1.55 trillion, increasing by
approximately CNY 620 billion compared with CNY 930 billion in the end of 2011,
the growth rate was 66.7%.
As of the end of 2012, the number of
the domestic financial leasing companies was almost 560, increasing by almost
300 over 2011; the number of foreign-funded leasing companies was 460,
increasing by 250 compared with 2011; the growth rate was more than 100%.
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At the end of 2012, the registered
capital of financial leasing companies was CNY 189 billion, up 36.2% YoY;
industry capital adequacy ratio was 12.2%, including CNY 62.2 billion of
financial leasing registered capital; registered capital increased by 17.8%. At
the same period, the registered capital of foreign capital lease was CNY 90.4
billion, up 76.9% YoY.
In terms of competitive landscape,
at the end of 2012, the business turnover of lease contract of 20 financial
leasing companies was CNY 660 billion, accounting for more than 40% of the
total business turnover of financial leasing industry. The industry
concentration ratio is high. In 2012, the listed companies successively set
foot in financial leasing industry, which may intensify market competition.
Since Dec of 2012, Kinwa, Anyang Iron and Steel, Xinzhu Corporation, Jinggong
Science & Technology, Furuitezhuang, Chihong Zn & Ge and some other
listed companies have announced to carry out finance least business.
Huidian Research holds the view that
China's financial leasing market penetration rate is only about 5%, while this
number in European and American market is about 20%. In terms of the
international horizontal comparison and the economic growth of China, as
world's second largest economy, China's financial leasing industry has huge
space for development. It is expected that the scale of the overall leasing
industry in China will exceed CNY 10 trillion in 2020; the CAGR will be about
30%; leasing penetration rate will surpass 10%. Financial leasing industry in
Beijing, Shanghai, Tianjin, Shenzhen, Hangzhou, Xiamen, like that in developed
countries, has become an important complement to bank credit and securities
financing. In these cities, a scientific and stable funding system will begin
to form.
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