National Administration of Financial Regulation, Measures for the Administration of Financial Leasing Companies (Draft for Comments)

国家金融监督管理总局金融租赁公司管理办法 (征求意见稿)

January 25, 2024 | BY

Susan Mok

Total asset requirements of main promoters of financial leasing companies are increased

Issued: January 5, 2024

Main contents: On the basis of the three types of promoter system established by the original Measures, the revised Measures add a further two types of promoters, namely, state-owned financial capital invested and operated companies and large offshore manufacturing enterprises; and raise the threshold for indicators such as total assets and operating income of main promoters.

The total assets as at the end of the previous fiscal year of a promoter that is a commercial bank may not be less than RMB 800 billion or the equivalent in a freely convertible currency (Article 10).

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