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People's Daily Online>>China Business

Businesses hoping to expand urged to use financial leasing (2)

By Cai Xiao (China Daily)

14:17, December 28, 2011

Cong told China Daily that ICBC Leasing often bought electrical equipment from Huawei Technologies Co Ltd and leased these products around the world. This system was a good way for Huawei eventually to sell products and expand overseas.

According to Cong, ICBC Leasing also cooperated with Sany Group, leasing their engineering machines to European clients and solving the financing problems of many Sany clients.

According to the ministry, traditional financial leasing businesses involving aircraft, ships and engineering machines should be further developed.

It said that financial leasing companies could also seek opportunities in high-tech industries such as biotechnology, new energy and high-end equipment manufacturing.

The statement added that as China sought to transform its economic development mode during the 12th Five-Year Plan period (2011-2015), the financial leasing industry could play an important role in investment, production and consumption.

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