On May 2, Premier Li Keqiang of the State Council chaired the executive meeting of the State Council, at which he proposed to support Guangdong, Tianjin and Fujian free trade pilot zones in expanding the cross-border use of RMB, convertibility of capital account, cross-border investment and financing, focusing on deepening cooperation between Guangdong, Hong Kong and Macao, developing financial leasing and promoting cross-strait financial cooperation, respectively. We will carry out pilot projects of financial opening up and innovation, mature and promote one.
In recent years, the financial leasing industry has shown an explosive growth in both quantity and scale, which has played an obvious strategic role in the transformation and upgrading of the national economic structure and serving the real economy. At the same time, the leasing industry has also become a new industry to be promoted by FTA. With the support of the regional advantages and policies of FTA, FTA has become an important industrial gathering place with distinct characteristics, diversified modes, flexible policies and perfect supporting facilities for China's financial leasing industry. At present, the development potential of the financial leasing industry is speeding up to release with the opportunity of the promotion of various reform measures in the FTA.
Three new FTAs this year will focus on financial leasing as a key supporting industry. Among them, one of the important tasks of the Tianjin FTA is to expand and strengthen the financial leasing industry, create a service highland for the financial leasing industry, and promote the formation of financial leasing industrial agglomeration area.
In fact, the industrial policies of Tianjin FTA have created a good business environment for the development of leasing industry. For example, the construction of national leasing innovation demonstration zones will support eligible financial leasing companies and financial leasing companies to set up specialized subsidiaries. We will support overseas financing of the leasing industry and encourage all kinds of leasing companies to expand the scope of cross-border RMB funds.
The "Tianjin Financial Reform and Innovation Three-year Action Plan (2016-2018)" puts forward that the focus should be on the development of financial leasing industry. Promote policy innovation, system innovation and business innovation of financial leasing industry, keep Tianjin's leasing assets scale and innovation ability in a leading position in the country, and accelerate the construction of national leasing innovation demonstration zones with clustering of leasing institutions, sound policy system and complete service functions. By the end of 2018, Tianjin will strive to break through 1 trillion yuan in leased assets.
Previously, Zhang Zhongdong, deputy director of Tianjin Free Trade Zone East Xinjiang Bonded Port Area Management Committee, disclosed at the "2015 China Leased Asset Securitization Summit Forum" that the leasing industry has become a new industry to be promoted by the Free Trade Zone. In the past year, the leasing industry in East Xinjiang Bonded Port Area has also developed rapidly. At present, there are 1 leasing companies in the zone. 388, the balance of rental assets stock is about 500 billion yuan.
At present, the East Xinjiang Bonded Port Area has formed a relatively complete leasing industry system, such as aircraft leasing plate, marine engineering leasing plate and infrastructure and large-scale equipment leasing plate.
Not only in Tianjin FTA, but also in the eyes of other FTAs. Since the establishment of Shanghai Free Trade Zone, which was first listed, various policies have been issued to encourage the development of financial leasing industry, and a cluster of financial leasing enterprises has been formed rapidly. At present, Shanghai Free Trade Zone has not only large financial leasing companies engaged in aircraft, ships and large equipment leasing, but also small leasing companies mainly serving small and medium-sized enterprises and aiming at small and medium-sized equipment.
Guangdong and Fujian FTAs are attracting more and more financial leasing companies because of their superior geographical location and preferential supporting policies. For example, Qianhai has attracted more than 90% of financial leasing enterprises in Shenzhen. Qianhai has formulated and promulgated special policies to support the development of financial leasing industry, including tax, foreign exchange, supervision and law. Qianhai Financial Leasing Department has been established to provide one-stop government and business services for financial leasing enterprises in Qianhai. Furthermore, the Fujian Provincial Government promulgated the Guiding Opinions on Supporting the Accelerated Development of Financial Leasing Industry in Fujian Free Trade Experimental Zone, which further clarified the development focus of financial leasing industry in Fujian Free Trade Experimental Zone and related incentive and subsidy policies.
In the view of many leasing experts, accelerating the development of financial leasing needs to focus on solving a series of problems, such as financing, taxation and supervision. In particular, we should strengthen the deep-seated financial reform, including the marketization of interest rates and the free convertibility of RMB capital account, and create a globally competitive financing environment, as well as income tax and value-added tax. Preferential relief policy. In fact, the pilot projects of financial reform and innovation to be carried out in FTA mainly focus on expanding the cross-border use of RMB, convertibility of capital account, cross-border investment and financing, etc.
According to media statistics, since its listing, Shanghai FTA has implemented a series of "real gold and silver" policy preferences in terms of financial leasing. Among them, the convenience of cross-border flow of RMB funds and the relaxation of foreign exchange management are regarded by many financial leasers as the biggest breakthrough of Shanghai FTA. For example, the foreign exchange capital of the foreign financial leasing enterprises in the FTA is settled willingly; the financial leasing companies in the FTA are not limited by the current amount of foreign loans from domestic enterprises; the financial leasing companies in the FTA can open cross-border RMB special accounts, borrow cross-border RMB loans from overseas, and cross-border people. Renminbi loan quota shall be managed by balance system, and free trade accounts shall be allowed to be opened by FTA financing and leasing companies, etc.
Based on this, FTA has become a fertile ground for the development of leasing enterprises, and many enterprises have taken advantage of the policy advantages of FTA to innovate new leasing models. For example, this year, ICBC leasing successfully completed the first domestic off-shore aircraft leasing business in East Xinjiang, Tianjin; China Min International Finance Leasing and Point Finance Network, Shangcheng Group cooperated to build an Internet platform, and build an Internet trading platform for cross-border asset securitization financial products.
It can be predicted that along with the landing of a series of related "golden reform" policies in Guangdong, Tianjin and Fujian FTAs, taking the promotion of various reform measures in FTAs as an opportunity, the leasing enterprises in FTAs will usher in a better financial environment, and the financing leasing industry will enter a key stage of professional and international development.
