Development of financial leasing business in China

Since the financial leasing business was opened in 2007, the financial leasing enterprises represented by banks have expanded rapidly, and the financial leasing industry has made great progress. During the Eleventh Five-Year Plan period, China's financial leasing industry has been growing at a geometric base, and the total business volume has increased from about 8 billion yuan in 2006 to about 700 billion yuan in 20 10, an increase of 86 times. 20 1 1 affected by the changes in the domestic and international economic development environment and the scale control policies adopted by relevant state departments on the business development of financial leasing enterprises, the growth rate slowed down. By the end of the year, the balance of national financial leasing contracts was about 930 billion yuan, an increase of about 230 billion yuan compared with 700 billion yuan at the beginning of the year, and the growth rate dropped to 32.9%. The industry has entered the era of rational algebra growth. In 20 12 years, the balance of national financial leasing contracts rose again by 66.67%, reaching155 billion yuan.

According to the data of "Analysis Report on Market Foresight and Investment Strategic Planning of China's Financial Leasing Industry in 20 1 2018" issued by Forward Industry Research Institute, the current rate of return of China's financial leasing industry can be divided into three grades, with the lower rate generally being 8%-9%, mainly banks, which are financial leasing companies, often only make one order1100 million yuan. The mid-range is10%-13%; The higher is 15%- 17% (generally small enterprises and small equipment).

It can be seen that the profits of financial leasing companies are less than 17%. In this case, the full tax of 17% is paid first, so that the financial leasing company will not only see the income, but also pay part of the principal tax in advance, which will easily cause the cash flow of the financial leasing company to be interrupted. Zero growth from the previous month is the clearest response to the "reform of the camp".

The first stagnation of financial leasing shows that the development of the industry is still in the early stage of growth and needs the continuous support of policies. Rational growth cannot hide the immaturity of the industry. However, the enterprise will not be allowed to continue, and the voice of the industry has attracted great attention from the Ministry of Finance. On September 13, the Ministry of Finance's Draft for Comment on the Revision of VAT Reform Policy for Financial Leasing (Draft for Comment) has been distributed to a number of financial leasing companies, and the industry's fiscal and taxation policies are expected to return to before the "VAT reform". In any case, the financial leasing industry will continue to develop and the industry prospect is very good.

In a word, the financial leasing industry in China has a very broad prospect.

I hope my answer is helpful to you.