Financial Leasing Is A Safe Haven For Credit

Zhang Guanghua, vice president of Limited by Share Ltd, China Merchants Bank, said that under the environment of credit regulation, the financial leasing company opened up a new channel for banks to allocate credit funds.

But it can not be simply interpreted as another form of lending, nor will it affect the tight monetary policy.

Recently, the China Merchants Bank's wholly owned Agricultural Bank of China Financial Leasing Co was opened, and the five financial departments that the State Council approved has been completed.

Financial leasing has dual functions of financing and merging of small and medium-sized enterprises.

Zhang Guanghua, who is also chairman of the financial leasing company, said that foreign experience has proved that if the same equipment investment funds are done through leasing, the scale of investment can be magnified three times, which greatly improves the efficiency of fund utilization.

"But after all, there are only five banks in the financial leasing company, and the role of enlargement of investment scale is very limited, which will not affect macro regulation and control.

"Zhang Guanghua told Reuters on the phone.

Zhang Guanghua said that under the environment of credit regulation, the bank's financial leasing company's application for loans to banks will not be affected, but will become a haven for banks to avoid credit risks and increase the allocation of credit funds by banks.

"(Banking) financial leasing company shareholders are strong and best brand banks." (bank financial leasing companies) naturally become high-quality customers of banks, so the financing cost of SMEs is relatively low.

"Zhang Guanghua said.

Zhang Guanghua said that tight monetary policy should continue, but it also proposed timely and appropriate structural adjustment.

Financial leasing companies will play a positive role in promoting structural adjustment of industries and fixed assets investment.

Under the background of macroeconomic regulation and control, China Merchants Bank believes that small and medium enterprises should develop, purchase new equipment and carry out technological pformation. To enter the capital market, they need to use SME financing means to achieve their own development. SMEs' financial leasing business is the most favorable financial tool to meet the above needs of SMEs, and is worthy of key development.

In terms of industry positioning, the silver leasing scheme mainly focuses on industries such as coal, electricity, oil and pportation, which are related to the national economy and the people's livelihood, large equipment manufacturing, energy saving, emission reduction, environmental protection industry, urban public facilities, infrastructure industry and so on.

The legislative and fiscal support is the key to development. The registered capital of the tendering financial leasing is RMB 2 billion yuan.

In accordance with the financial leasing company's capital adequacy ratio stipulated in the management method of financial leasing companies, it must not be less than 8%, and the business scale of the leasing business can be 25 billion.

"This can at least support our business development in the next three years.

So we have not discussed the issue of introducing strategic investors or splitting up the stock market.

"Zhang Guanghua said.

Zhang Guanghua believes that the key problem facing the development of leasing companies is lagging behind in legislation and insufficient support for fiscal and taxation policies.

China has chosen eight industries in the 26 old industrial base cities, such as the northeast and central China, to try to expand the tax deduction for investment in fixed assets value added tax, import equipment tariff reduction, and so on.

However, it is regrettable that the application of the above preferential tax policies by enterprises in financing leases by SMEs is not clear, leading to difficulties in the development of leasing business in practice, because this will cause difficulties in cognition and implementation to specific tax collection departments and leasing enterprises, and hamper the financing lease of small and medium-sized enterprises to better serve economic construction.

Zhang Guanghua said that the characteristics of small and medium enterprises' financing leases are to achieve the purpose of financing for SMEs by melting assets. It is only a means for enterprises to raise funds. Whether enterprises buy themselves or through small and medium enterprises financing lease is only a different form of investment in fixed assets investment. They should not deprive them of the right to enjoy preferential tax policies because of different forms of pactions.