and Markets has published a report on Chinese leasing, which states
that China’s total lease portfolio increased 54.2 percent over
2008, to a value of €12.8 billion.
growth rate would likely drop to around 20 percent over 2009, there
would be plenty of room for the market to develop.
Compared to a worldwide average figure of 17 percent for leasing
penetration as a percentage of overall equipment investment, China
showed only a 3 percent penetration overall.
Industrial equipment was found to be China’s most leased asset
type, with a penetration rate of 8.3 percent. Shaanxi Automobile
Group, Yuchai Group and Longgong Machinery were all named as major
lessors in this area.
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China’s Ministry of Commerce has approved 37 Chinese-funded
leasing companies for operation in the People’s Republic, while
Daimler Financial Services has recently joined the crowd of 80
foreign-funded lessors in the country.
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