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the 4 trillion yuan financial leasing industry has received new regulations and the entry threshold has been greatly increased

2024-09-23

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[the shareholding ratio requirement for the main investor of a financial leasing company has been raised from no less than 30% to no less than 51%.]

on september 20, the state financial supervision and administration officially issued the revised "management measures for financial leasing companies" (hereinafter referred to as the "measures"), which put forward regulatory requirements in terms of establishment thresholds, investor qualifications, business models, professional subsidiaries and regulatory indicators. the "measures" will come into effect on november 1, 2024.

after years of development, the business model and risk characteristics of financial leasing companies have changed significantly, and the current measures can no longer meet the industry's high-quality development and regulatory needs. the "china financial leasing industry development report (2024)" shows that by the end of 2023, the total assets of financial leasing companies will reach 4.18 trillion yuan, a year-on-year increase of 10.49%; the balance of leasing assets will be 3.97 trillion yuan, a year-on-year increase of 9.27%.

in fact, the state financial supervision and administration bureau issued the "regulations on the administration of financial leasing companies (draft for comments)" on january 5 this year. it is reported that in the process of soliciting public opinions, most of the reasonable opinions and suggestions from all parties were adopted, and the opinions that were not adopted were mainly concentrated on blindly lowering regulatory requirements and insufficient understanding of the regulations.

the relevant department heads of the state financial supervision and administration bureau said that in recent years, financial regulatory authorities have issued a series of regulatory systems and regulations in terms of corporate governance, equity management, and related transaction management. the measures, combined with the actual situation of the financial leasing industry, further supplement and improve relevant content and strengthen the connection with existing regulatory laws and regulations. the revision of the measures will help further strengthen the supervision of financial leasing companies, prevent financial risks, improve institutional positioning, optimize financial services, vigorously support enterprise equipment renewal and transformation, and promote high-quality development of the industry.