Industries

Financial leasing

(exploringtianjin.com)

Updated: 2020-08-16

Tianjin Port Dongjiang Area, the world's second largest airplane leasing market behind that of Ireland, is also expanding rapidly in the fields of medical equipment, rail transportation and electrical equipment.

As of the end of March 2020, Tianjin was home to 3,400 leasing companies with a cumulative registered capital of about 450 billion yuan($65.25 billion). The city's aircraft and ship leasing businesses accounted for more than 80 percent of those in the country.

Last year, Tianjin Customs handled 181 financial leasing transactions involving aircraft, offshore oil drilling platforms, and aircraft engines, with a cumulative value of 70.16 billion yuan.

In addition, it has explored a number of innovative leasing pilot models. These include: the first helicopter leasing business created by borrowing foreign debt with the leasing company as the main body; the first domestic transaction of aircraft operating leasing assets; the first credit financing business exporting to Canada; and the only approved operating lease pilot scheme which charges foreign currency as rent.

 


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