培训咨询-Leasing-Newopportunities.docVIP

 Sino-foreign leasing companies face new opportunities By Jiang Zhongqin “Sino-foreign leasing companies face new opportunities” says the Secretary General of the Leasing Business Committee of the China Association of Enterprises with Foreign Investment (LBC), Mr. Qu Yankai. Mr. Qu plays a critical role in advising on resolving overdue lease payments for joint venture leasing in China. He has excellent insider insight into the development of the finance leasing industry in this country. According to Mr. Qu, 40 Sino-foreign leasing companies have been approved by MOFTEC. The majority of these foreign interests have come from Japan. A survey of 30 Sino-foreign leasing companies held recently by the LBC yielded the following breakdown: Country or Region Percentage Japan Hong Kong, Macao Germany Italy French U.S.A. Singapore United Kingdom S. Korea Caiman Islands 60.20% 10.30% 5.90% 5.90% 5.90% 4.40% 2.90% 1.50% 1.50% 1.50% Sino-foreign leasing companies have introduced more than US$7 billion for domestic firms since the spring of 1981 till the end of 1998. According to Vice-minister of MOFTEC, Mr. Sun Zhenyu, “Following foreign direct investment and foreign loan facilities, finance leasing has become the third most important channel for utilizing the foreign capital funds in China.” Sino-foreign leasing companies have kept leasing obligation rights to about US$2 billion so far. Of the US$7 billion balance, almost US$5 billion has been paid back to foreign creditors. Of the US$2 billion in lease rent payables, based on LBCs statistics, the total principal of overdue lease payments is about $300 million. Mr. Qu said that two points should be emphasized: First, as far as the timing, most of overdue lease payments are from projects signed 10 years ago. The reason that overdue lease payments occurred is that along with the variation of economic systems, investor titles have changed. This has resulted in lack of clarity in gauging the responsibilities of