Wednesday Dec 26 2007
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About ICBC Financial Leasing Co., Ltd.
Published: Dec 26, 2007 

ICBC Financial Leasing Co., Ltd. is solely invested by ICBC. The register capital is RMB 2 billion, and the register place is Bin Hai Xin Qu in Tianjin. The company is the first innovation finance leasing company approved by China Banking Regulatory Commission and it's one of the biggest finance organizations in Bin Hai Xin Qu in Tianjin. ICBC Financial Leasing Co., Ltd. will rely on the policy and area advantage of Bin Hai Xin Qu, which is national integrated reform experiment area and costal development and opening area, and depend on the market and brand force which ICBC formed during the long term reformation and development, and follow the marketization and specialization guidelines to develop internationalization management distribution. ICBC Financial Leasing Co., Ltd. will mainly deal with shipping, airplane and large scale equipment to provide domestic and foreign customers with leasing, rent transfer and securitization, capital management, property investment consultant and so on innovation financing services.

ICBC is the biggest airplane financing bank and one of the biggest shipping financing banks in China, and it has widely customers and rich reserve of talents for related services. Setting up Financial Leasing Co., Ltd. is an import act for ICBC to explore integrating management development, which will enhance ICBC market across service ability and efficiently advance the income structure and operation structure adjustment.

The aircraft leasing business in China is heating up. In the Chinese airline sector, about 70% of aircraft are leased, and 90% of them are leased through overseas companies. And now, Chinese banks are also looking to get in on the action.
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