It refers to the lessor according to the lessee's (user) request, and a third party (supplier) to enter into a supply contract, according to this contract, the lessor to the supplier to fund the purchase of equipment selected by the lessee.
At the same time, the lessor enters into a lease contract with the lessee, leasing the equipment to the lessee and charging the lessee a certain amount of rent.
Financial leasing refers to the lessor according to the lessee's specific requirements for the leased object and the supplier's choice, the capital to the supplier to buy the leased object, and leased to the lessee to use, the lessee pays the rent to the lessor by installments, the ownership of the leased object belongs to the lessor during the lease period, and the lessee has the right to use the leased object. The lease expires, the rent is paid and the lessee according to the provisions of the financial leasing contract to perform all the obligations, the attribution of the leased object is not agreed or agreed unclear, can be supplemented by agreement; can not reach a supplemental agreement, in accordance with the relevant provisions of the contract or the custom of the transaction to determine, or can not be determined, the ownership of the leased object belongs to the lessor.
Financial leasing is a new type of financial industry that combines financing and financing, trade and technology renewal. Due to the combination of financing and financing, the leasing company can recover and deal with the leased objects when problems arise, thus the requirements for enterprise creditworthiness and guarantee are not high when dealing with financing, so it is very suitable for small and medium-sized enterprises to finance.
China's financial leasing is a product of the reform and opening-up policy. After the reform and opening up, in order to expand international economic and technological cooperation and exchanges, open up a new channel for the utilization of foreign capital, absorption and introduction of foreign advanced technology and equipment, in 1980, China International Trust and Investment Company introduced the leasing method. 1981 April the first joint venture leasing company China Oriental Leasing Company Limited was established in July of the same year, the establishment of the China Leasing Company. The establishment of these companies marked the birth of China's financial leasing industry.
After 2007, the domestic financial leasing industry entered a period of geometric growth. The total amount of business increased from about 8 billion yuan in 2006 to about 930 billion yuan in 2011, and at the end of 2012, there were about 560 financial leasing companies registered and operating in China, including 20 financial leasing companies, 80 domestic leasing companies, and about 460 foreign leasing companies. The total registered capital amounted to RMB 182 billion, and the balance of leasing contracts was about RMB 1,550 billion.
Difference between traditional leasing
Financial leasing and traditional leasing is an essential difference: traditional leasing is based on the lessee's time to lease the use of the object to calculate the rent, while financial leasing is based on the lessee's time to take up the time to calculate the rent of the financing costs. Is the development of the market economy to a certain stage and the emergence of a more adaptable financing methods, is the 1950s in the United States, a new type of transaction,
Because it is adapted to the requirements of modern economic development, so in the 1960s ~ 70s in the world to develop rapidly, and has become one of the main means of financing for the renewal of the enterprise equipment, is known as the "sunrise industry! It is known as "sunrise industry". China in the early 1980s after the introduction of this way of doing business, more than three decades has also been the rapid development, but compared to developed countries, the advantages of leasing is still far from being played out, the market has great potential.