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Financial lease industry heats up in Liangjiang

Updated: 2015-08-13

By Ge Jieru, chinadaily.com.cn

The integration of financial capital and industrial capital is expected to play an important role in promoting Liangjiang New Area's sustainable economic development.

According to the statistics from the Liangjiang administrative committee, 422 financial institutions are located in Liangjiang New Area, thanks to the recent rapid development of the new area’s financial industry.

Liangjiang has achieved the integration of financial capital and industrial capital, especially in the area of finance leases. There are currently 28 financial lease enterprises in Liangjiang New Area, accounting for 76 percent of the total number of such enterprises in Chongqing municipality. To date, financial lease enterprises in Liangjiang have received a total investment of $1.15 billion.

Yu Nongshang Financial Lease Company, local to Chongqing, has supported the development of the area’s livelihood projects, including those related to logistics storage and environmental management.

The financial lease industry has developed rapidly in China in the last five years. It has provided capital support to the country’s economy and has contributed to stimulating market demand and encouraging investment.

Edited by Jacob Hooson

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