Each has advantages and disadvantages, and you should choose which method to use for financing based on the actual situation.
Chinese banks tend to favor large customers or those with assets as collateral. One-year short-term loans are more common and the interest rates are relatively low, but they actually require you to open an account with the bank, and they control all the flow. , so interest rates appear to be low.
Financial leasing companies have a wide range of customers, focusing on long-term loans of 2 to 3 years. The interest rate is higher than that of banks, but the conditions are few and no asset mortgage or regulatory account is required.