Ministry of Commerce on the "second five" to promote financial leasing industry during the development of guidance

[Issued by the Ministry of Commerce]
[Release] Business services UNCTAD paper No. [2011] No. 487
【Date】 2011-12-15


Financing and leasing is a financial matter, trade and technical services in one of the modern trading, financing, leasing has become an emerging area of ​​modern service industry and an important part, for the expansion of domestic demand, stimulate exports, promote economic development played a an important role. To promote the "second five" rapid development of financial leasing industry, according to "economic and social development Twelfth Five-Year Plan", the following observations:

A full understanding of the development of financial leasing industry to speed up the importance of

Reform and opening up financial leasing as a new way to trade for China to attract foreign investment, the introduction of foreign advanced equipment, support domestic enterprises to make technological and other outstanding contributions. After three decades of development, China's financial leasing business size and capacity significantly improved services increasingly wide range of business scope is expanding. As of the end of 2010, China has more than 260 various types of financial leasing companies, financial leasing contract balance reaches 700 billion yuan, the potential carrying capacity of the leased asset than 1 trillion yuan. Financial leasing services has grown from transportation, industrial equipment, engineering, construction and other traditional areas of agriculture, health, culture, education and other emerging areas, and some companies began to "go" development.

"Second five" speed up the transformation of China's economic development, promote long-term sustainable economic development critical period. Accelerate the development of financial leasing industry, for effective expansion of investment in related industries, production and consumption, support for SME financing, to help companies develop international markets, promote the development of modern services, etc., is of great significance. However, at present China's financial leasing industry, there are small markets, imperfect system of laws, regulations and policies, market regulation is not uniform, lack of industry standards and trading rules, the basis of the statistical system is weak, a single business model and financing channels such problems should be solved.

Second, the guiding ideology, basic principles and development goals

(A) guiding ideology.

Thoroughly implement the scientific concept of development, to accelerate the development of the industry as the main line, in order to improve the legal and policy system-based, scale, standardization, specialization is the direction of the industry to improve planning, strengthen market supervision as an important means to further strengthen the financial leasing industry management and guidance, to establish a sound institutional mechanism to improve internal and external environment and promote sustainable and healthy leasing industry and rapid development.

(B) basic principles.

Adhere to the combination of development and standardization, and guide enterprises to legal, in accordance with regulations, and orderly development; insist on promoting and monitoring the combination of synchronous systems to promote policies to promote and market supervision system; adhere to a combination of financing and financial objects, guide enterprises to increase the asset management capabilities improve the professional level, serving the real economy; adhere combination of domestic and foreign, in the service of the domestic market, to expand the overseas market.

(C) the development goals.

Five years of efforts to make financial leasing industry, a significant increase of social awareness, laws, regulations and policy support system for continuous improvement, unified and effective trade management system basically established industry standards and statistics system is basically sound, business scope and business areas order to expand, finance lease transactions accounted for the proportion of total fixed asset investment increased steadily, to form a group of large, prominent competitive advantages, business development and strong leading enterprises and improve the level of development finance and leasing industry in national economic development status.

Third, the main task

(A) financial leasing business model innovation.

Encouraged to play their respective advantages of finance leasing companies, focused on business development advantages, outstanding operating characteristics to achieve the development of differentiation. Accelerate business innovation, drawing on experience of developed countries, a combination of a variety of business models with financing and leasing business, enhance business development capabilities. Guide financial leasing companies to optimize product mix, transaction structure, rental arrangements, risk control, design, innovation, profit model, improve service levels.

(B) to optimize the layout of the development of financial leasing industry.

Encourage the rapid development of financial leasing industry in the area make full use of policy advantages, actively explore, pilot, fostered the development of financial leasing industry cluster demonstration zone, central and western regions to speed up the development of financial leasing industry, leasing industry to enhance economic development in key areas of the country support and leading role. Support of industrial manufacturing, large-scale projects and infrastructure construction industry background with large enterprise with financing and leasing business, to encourage service providers, various types of investment institutions and other non-institutional investors, vendors set up financial leasing companies, promotion of investment diversification.

(C) support enterprises to develop new business areas.

To continue to be aircraft, ships, construction machinery and other traditional areas of finance leases, and enhance the development of the industry chain leading role. Guide the development of financial leasing companies to support agriculture, developing the rural market and the development of rural infrastructure and new rural construction project and equipment finance leasing business subject matter. Financial leasing companies to encourage expansion of energy saving, new generation of information technology, advanced equipment manufacturing, new energy, new materials, biomedicine and other strategic markets in emerging industries. Study the introduction of incentives, support for small and medium enterprise finance lease micro-enterprise services.

(D) efforts to open up overseas assets rental market.

Encourage manufacturers to use finance leases to explore the international market, the development of cross-border leasing, expansion of export share. Guide enterprises to strengthen financial leasing companies to cooperate with overseas construction, construction equipment to carry out the overseas leasing, and actively participate in overseas infrastructure. Support strong enterprises to carry out cross-border mergers and acquisitions. Actively support the introduction of foreign exchange and other financial leasing companies with overseas business development of the policy. Encourage the development of overseas leasing commercial insurance agency insurance business, to increase support for protection of overseas leasing efforts.

(E) to broaden the financing channels for enterprises.

Guide enterprises to increase long-term finance lease funding sources, to avoid financial risks. Support the use of factoring finance leasing companies, listed, issue bonds, trusts, funds, etc. to broaden the financing channels, reduce financing costs. Encourage enterprises to make an inventory of asset securitization, etc. leased assets, innovative financing models. Encourage enterprises to strengthen and bank finance leases, trusts and other financial institutions. Industrial base to support the establishment of a finance lease
Gold, lead private capital to increase investment.

(F) improving risk prevention.

Guide enterprises to strengthen financial leasing risk control system and internal control management system and build a sound customer risk assessment mechanism to enhance risk prevention. Enhanced asset management capabilities, active and steady development leaseback business, strict control of operational risks. Early warning mechanism to establish a market and regularly publish industry reports, and strengthen information guide. Promote the establishment of credit guarantee system for leasing, with financing and leasing company to support security guarantee business, encourages insurers to develop insurance products lease.

(G) to accelerate the development of related industries, finance leases.

And introduce incentives to accelerate the establishment of procedures standardized and efficient operation of the lease and used equipment distribution market, improve the exit mechanism for financial lease. Support of professional consulting, technology services, appraisal and evaluation and other related service industries.

Fourth, safeguard measures

(A) to further strengthen the industry.

Actively promote the establishment of a unified system of financial leasing industry, management, guidance and management to further strengthen the industry. Speed ​​up the domestic financial leasing pilot project to improve the working mechanism of the pilot, the pilot enterprises to establish evaluation and exit system, and actively guide foreign investment with financing and leasing business. Establish financial leasing enterprise management information system, strengthen supervision and control measures, improve the industry regulatory mechanism. Local competent commercial departments should fully play its role, together with relevant departments to strengthen market supervision, study and solve development of the industry in the new situation and new problems for the industry sustained, rapid and healthy development
Create good conditions for development.

(B) improve the legal and policy system.

Strengthen the financial leasing industry rule of law, promote the introduction of financial leasing industry specific laws, regulations and departmental rules and regulations, promote the establishment of lease registration system, a positive solution to inadequate laws and regulations, non-matching problem. Strengthen communication and coordination with relevant departments to study the introduction of tax credits, accelerated depreciation, export tax rebates and other fiscal policies. Local competent commercial departments should strengthen coordination with local reality of financial leasing industry to promote the development of policies and measures.

(C) establish and improve industry statistics and standardization system.

Gradually establish a unified, comprehensive system of financial leasing industry statistics and evaluation index system, improve the financial leasing industry statistical methods to improve the statistical accuracy and timeliness of data. The establishment of intersectoral, inter-regional association between information sharing mechanism to enhance information exchange and application of the results statistics to improve the role of industry guidance. Establish financial leasing industry standardization system, the development finance leasing, used equipment, distribution, lease classification assessment, industry standards, to strengthen the implementation of standards Publicizing and improve the financial leasing industry standardized level.

(D) raising awareness of social finance leases.

Use of traditional media, online media and other channels, to increase the leasing concept and the promotion and popularization of knowledge to continuously improve the financial leasing industry's social influence and recognition for the industry to create a good atmosphere of public opinion. Enhance trade exchanges and international cooperation, support the organization of international seminars and other exchanges.

(E) to strengthen the construction industry organizations and personnel.

Give full play to the role of industry associations to promote the establishment of a national industry associations, improve the local industry associations. Strong support for industry associations to carry out information consulting, statistical analysis, prediction and warning, training, education, experience, promotion, business exchanges, etc., to enhance trade associations in the industry self-regulation, supervision, coordination, and service functions. Strengthening of qualified personnel, employees of the establishment of qualification and access system, and actively promote the professional institutions of higher learning set up financial leasing, business organizations support employees on legal, marketing, taxation, finance, financial accounting and other aspects of basic training, to improve practitioners the overall quality of personnel, training a group of international vision and expertise of the finance lease talent.



Department of Commerce
December 15, 2011