Increasing demand in the Chinese leasing medical sector has
caused a major asset finance entity to launch a new business in
this sector.
China Financial Leasing Group, which until December 2007 was
called Golden 21 Investment Holdings, officially launched the new
business this week, and plans to invest heavily in this sector
during 2008.
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Executive officer, Chan Chi-hung, told media in China today that
gross profit margins from leasing medical equipment in China can be
as high as 30 per cent. He also wants to acquire a medical
equipment distributor to help drive this business, in doing so
turning a part of China Financial Leasing Group into a captive.
China Financial Leasing Group, which also specialises in car and
aircraft engine leasing, hopes the new medical arm will represent
some 20 per cent of the overall business.
Chief executive officer, Ronald Kung, expects China’s leasing
business to grow significantly in the second and third quarters,
and will bring good profits to the group in the second half of the
year.
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