China Trade Information

China Development Bank (CDB), one of the three policy banks in the nation, has established a financial leasing arm in Shenzhen, Guangdong Province.

The leasing unit, with Shenzhen Financial Leasing Co its predecessor, is the largest leasing company in mainland China in terms of registered capital which stood at RMB 7.5 billion (US$1.08 billion).
Shenzhen Financial Leasing Co was the only company of such kind in South China with principal activities ranging from aircraft, telecom equipment leasing to high-tech equipment leasing for SMEs. And its aircraft leasing business took the leading position in domestic market.

CDB got the approval from the China Banking Regulatory Commission to restructure the company in December. It holds 95% stakes in the new entity, while the remaining part was owned by a few other companies including Hainan Airlines Group, etc.

Tags: bank, CDB, Financial

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