Dublin based market research company Research
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.
The report also claimed that, whereas this
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.

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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