China’s financial leasing market is expected to hit CNY 5 trillion during the first half of 2016 and is on course to take the number one position globally, overtaking the US, according to recent research released by the China financial leasing association and its partners.

　　

　　據中國融資租賃協會及其合作伙伴近期公布的調查顯示，預計2016年上半年，中國融資租賃市場將突破5萬億元人民幣，屆時將超過美國，獲得全球第一的位置。

　　

　　The number of financial leasing firms surged nearly 45% during the first half of this year to 3,185 according to the survey, and the sector is expected to maintain an annual growth rate of 30% during the next five years. Financial leasing contracts stood at CNY 3.66 trillion at the end of June, up 14.2% from six months ago.

　　

　　據調查顯示，2015年上半年融資租賃公司數量猛增近45%，達3,185家，而且預計未來5年該行業年度增長率將保持在30%。2015年6月底，融資租賃合同余額達3.66萬億元人民幣，較6個月前上漲14.2%。

　　

　　The report’s summary says the growth in financial leasing activities is partly being fueled by growing interest from listed Chinese firms from a range of new sectors, including businesses in the telecom, agriculture, pharmaceutical, energy and equipment manufacturing industries.

　　

　　報告總結認為，融資租賃活動興起部分是由于一系列新領域（如電信、農業、制藥、能源和設備制造業）上市公司對該行業日益增長的興趣所致。

　　

　　Recent media reports have suggested this may be down to the fact that sale-and-lease-back options allow companies to obtain financing as much as 10% cheaper than via bank loans.

　　

　　最近有媒體報道稱，公司通過售后回租的形式獲得的融資比銀行貸款便宜高達10%。

　　

　　This is because equipment used as collateral for bank loans can only win companies funding for up to 60% of the equipment’s book value. However, by using sale-and-lease-back, funding can reach more than 80%.

　　

　　這主要因為，設備作為銀行貸款抵押品，公司只能最高獲得60%的設備賬面價值，而通過售后回租融資可達80%以上。

　　

　　About 25% of China’s financial leasing activities take place in the eastern Chinese coastal city of Tianjin, and its Dongjiang bonded port is looking to spearhead offshore financial leasing using preferential policies for the Tianjin free trade zone, the report indicated.

　　

　　該報告顯示，中國約25%的融資租賃活動集中在中國東部沿海城市天津，其東疆港保稅區希望利用其天津保稅區的優惠政策，成為融資租賃離岸先鋒。

　　

　　Annual growth of 30%

　　

　　年增長率30%

　　

　　Separate research from RnR Market Research, published earlier this year, also predicts “exponential growth” in financial leasing. It calculated that the financial leasing industry in China developed rapidly during the “12th five-year plan” period (2011-2015), with assets hitting CNY 2 trillion and over 600 companies involved in the leasing industry. The research suggested the assets of the top 20 financial leasing enterprises stood at CNY 800 billion, accounting for over 50% of the total.

　　

　　今年早些時候，RnR市場研究發表的獨立研究也預測了融資租賃業的“增長指數”。該報告顯示，“十二五計劃”期間（2011-2015），中國融資租賃業發展迅速，其資產達2萬億元人民幣，租賃公司600余家。報告稱，前20家融資租賃企業資產達8000億元人民幣，占行業總資產的50%以上。

　　

　　The report “Research on Financial Leasing Industry in China, 2015-2020” predicts that by 2020, the financial leasing industry in China will be close to CNY 10 trillion with compound annual growth rate of about 30%, and the leasing penetration rate can be expected to exceed 10%. As well as Tianjin, the research suggests leasing will become a key activity in other financial centres including Beijing, Shanghai, Tianjin, Shenzhen, Hangzhou and Xiamen.

　　

　　“中國融資租賃行業研究，2015-2020”預測，2020年中國融資租賃行業將接近10萬億元人民幣，復合年增長率達30%，租賃滲透率有望超過10%。該研究表明，租賃將成為天津，以及包括北京、海上、深圳、杭州、廈門在內的其他金融中心的重點經濟活動。

　　

　　It also predicts strong growth in the market for marine equipment leasing, as China starts to take an increasingly large share of the global shipbuilding market, outpacing both South Korea and Japan. The report singles out funders such as Minsheng Financial Leasing Co., Ltd, BCM Financial Leasing Co., Ltd and China Ship (Hong Kong) Aviation Leasing Co., Ltd as very active in this sector.

　　

　　研究還預測，由于中國在世界造船市場所占份額越來越大，甚至超過韓國和日本，中國船舶設備租賃市場發展勢頭強勁。報告指出，像民生融資租賃、交通銀行融資租賃和中國船舶（香港）航空租賃，這樣的公司在該行業極其活躍。

　　

　　資料來源：環球金融財富

　　

　　翻譯：中國租賃聯盟、天津濱海融資租賃研究院 張媛

　　

　　編審：中國租賃聯盟、天津濱海融資租賃研究院 季健霞

　　

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