2008 Annual Report on China’s Leasing Industry


CONTENTS

Chapter One Relevant concepts of lease 1
Section One Definition and characteristic of lease 1
First, definition of lease 1
Second, characteristic and advantage of modern lease 3
Third, kind and classification of lease 14
Fourth, contrast of lease business status of our country 21
Section Two Relevant concept of financial lease 22
First, concept of financial lease 22
Second, main characteristic of financial lease 23
Third, basic key element of financial lease 24
Fourth, difference between financial lease and mortgage loan 25

Chapter Two Current situation of the development of international leasing industry 27
First, development overview of global leasing market 27
Second, the current situation of management of leasing industry of Swiss 33
Third, development course and supervisory system of finance leasing industry of South Korean 38
Fourth, market-based gradual progress of Germany lease of house 45
Fifth, general view with the current situation anddevelopment of Japan financial leasing industry 48
Sixth, development trend of international lease accounting criterion 56

Chapter Three Current situation of China lease trade 65
Section One Development siuation of Chinese leasing market 65
First, development overview of leasing industry and summarization of “ the Tenth Five-year Plan “ 65
Second, of our country the current situation of the development of leasing industry 69
Third, current situation of utilization of foreign capital of leasing industry 77
Fourth, launch financial lease actively 79
Fifth, the domestic first foreign capitals lease enterprise obtain approval 86
Section Two The current situation of development of leasing corporation 87
First, the classifications of leasing corporation 87
second, distribution of geographical position of leasing corporation 93
Third, the development of China leasing enterprises 95
Fourth, competitions of China lease enterprises 104
Fifth, the problem that China leasing enterprises face 110
Section Three Environment analysis of leasing market 117
First, the completion intensities of leasing industry chains 117
Second, the financial leasing industry demands urgently to set up good social credit environment 119
Third, four major pillars of lease 120
Fourth, influence that implement of " chattel mortgage and registration method " bring to financial lease corporation 122
Fifth, new financial lease law expected to issue until 2008 125
Sixth, relevant tax policies of lease business 126
Seventh, exchange control of cross-border lease trade demand urgently strengthen 135
Section Four Comparison and study of development environment of Chinese and foreign financial lease market 149
First, comparison of legislation and relevant laws of financial lease 150
Second, supervision compare of the financial lease market 153
Third, comparison of accounting policy of financial lease trade 159
Fourth, comparison of tax policy of financial leasing industry 161
Fifth, comparison of government's other support measures 166

Chapter Four Investment analysis of Chinese leasing industry 171
Section One Composing of leasing pricing 171
First, marketing pricing system of lease 171
Second, composing of rental pricing 172
Section Two Influence factor of leasing decision 176
First, lease expenses 176
Second, time and quantity of cash circultation 176
Third, opportunity cost 177
Fourth, legal factor 178
Fifth, risk factor 179
Section Three Opportunity and risk that foreign capitals enter Chinese leasing market 179

Chapter Five Investment environment of Chinese leasing industry 182
Section One Entry threshold of leasing corporation 182
Section Two Development environment of lease economy 184
First, China develops the capital market in a more cost-effective manner 184
Second, the current situation analysis of the development of small and medium-sized enterprises 190
Third, financing situation of small and medium-sized enterprises 194
Fourth, financing environment of enterprise run by the local people 197
Section Three Credit environment of lease 203
First, our country improves enterprise's credit environment 203
Second, our country form multi-level small and medium-sized enterprises credit guarantee system tentatively 208
Section Four Olympic Games economy in Beijing of 2008 210
First, opportunity that the Olympic Games in Beijing bring to leasing industry of 2008 210
Second, basic method that lease serve for Olympic Games 213
Third, advantage that participate in service of Olympic Games bring 215
Fourth, project which suitable for lease way 216
Section Five Government supports 217
First, Beijing " the Eleventh Five-year plan "encourage leasing industry developed clearly 217
Second, our country encourage to develop lease investment 217

Chapter Six Construction machinery lease 224
Section One Development overview of construction machinery lease of China 224
Section Two Overview of Hong Kong building market and tower crane leasing industry 229
First, Hong Kong building construction market and their tower crane 229
Second, current situation of tower crane leasing industry of Hong Kong 232
Third, development trend of Hong Kong tower crane leasing industry 238
Section Three Engineering machinery leasing industry 240
First, development state of financial lease of Chinese engineering machinery trade 240
Second, bottleneck and countermeasure that limit development of financial lease business at present 241
Third, the developments of financial leasing industry of Chinese engineering machinery in the future 246
Fourth, development trend of engineering machinery lease 247
Fifth, lease market environment of engineering machinery wait to optimize 249
Sixth, analysis of financial lease trader of engineering machinery 252
Seventh, after Olympic Games era Beijing engineering machinery lease as by mainstream 255
Section Four Construction machinery leasing industry 257
First, current situation of construction machinery leasing market 257
Second, market potential of construction machinery lease is enormous 259
Third, brand competition of construction machinery leasing market 262
Fourth, national 50 top enterprises of construction machinery and equipment leasing 264
Section Five Development of construction machinery lease 265

Chapter Seven Development of printing machinery & equipment leasing 286
Section One Current situation and trend of printing machinery trade 286
First, development situation of printing machinery trade 286
Second, development achievement and direction of printing machinery trade 289
Section Two Current situation of printing equipment leasing 300
First, current situation of financial lease of printing equipment 300
Second, risk analysis of financial lease of printing 304
Third, market competition of finance lease of printing equipment 307
Fourth, soft rib of financial lease of printing equipment 308
Fifth, prospect of financial lease of pack printing equipment is considerable 311

Chapter Eight Analysis of medical equipment leasing 315
Section One Current situation of development of medical apparatus 315
First, the medical apparatus manufacturer fights with the rural market 315
Second, medical apparatus market favor semiconductor products of high energy low consumption 319
Third, main economic indicator of manufacturing industry of medical apparatus and instrument and apparatus in January - August of 2007 325
Section Two Medical equipment leasing market analysis of our country 329
First, demand of integrated service of China's medical trade is cumulative 329
Second, operational lease of second hand medical apparatus 332
Third, the trend of financial lease business of medical apparatus is expected to rise 336
Fourth, the leasing industry of medical apparatus is intensifying 340
Fifth, financial lease offer financial helping hand for hospital 345
Section Three Financial lease pattern analysis of the medical equipment 348
First, operation mode and application of financial lease of medical apparatus 348
Second, characteristic of financial lease of medical apparatus 349
Third, general procedure of financial lease of medical apparatus 351
Fourth, form of financial lease of medical apparatus 352

Chapter Nine Development analysis of leasing market of the means of transportation 355
Section One Analysis of automobile rental 355
First, market scale of automobile rental 355
Second, automobile rental move towards combining 356
Third, question of domestic automobile rental 358
Fourth, the first norm of automobile leasing of our country is issued 361
Fifth, market research of automobile leasing of China 367
Sixth, lease guarantee vie for the car loan market 370
Section Two Plane leasing market 373
First, aviation lease already establish the fast development foundation in 373
Second, potentiality of aviation lease is enormous 374
Third, develop aviation lease and promote internal and external trade balance 375
Fourth, China will strengthen domestic aviation lease 376
Fifth, the domestic civil plane will utilize financial lease to seize the domestic and international markets for the first time 378
Sixth, Bank of China buys Singaporean plane leasing corporation 381
Seventh, foreign enterprises  lead Chinese plane leasing market 382
Section Three Shipping leasing market 384
First, the banking appear the difference now of shipping financing 384
Second, current situation of the development of shipping financing market 384
Third, new route of shipping financing ---- financial lease 393
Fourth, opportunity of leasing market of shipping 400

Chapter Ten Development analysis of house lease 403
Section One Development overview of house lease 403
First, concept of house lease 403
Second, low rented housing system of our country ensure the range to expand 403
Section Two Analysis of house lease market of 2007 405
First, price index of house lease of 2007 405
Second, the house lease price in Beijing go up continuously in 2007 413
Third, lease index of Shanghai house in September of 2007 414
Section Three Analysis of house lease market 416
First, characteristic of house leasing market of of Guangzhou of 2007 416
Second, the advanced house leasing market of Shanghai appear " polarization " 418
Third, current situation and development thought of house leasing market of southeast coastal area 420
Section Four Analysis of the office building lease market 429
First, development trend of office building of 2007 430
Second, influence factor analysis of office building lease of Shanghai 444
Third, general development trend of office building, retail shop lease market in 2007 451
Fourth, leasehold and selling market of office building of Shenzhen in the third quater of 2007 456
Fifth, the Olympic Games effect pull the market of office building of Beijing 462

Chapter Eleven Analysis of other focus lease market 464
Section One Financial leasing industry 464
First, the current situation of Chinese finance leases trade 464
Second, development prospect of the financial leasing industry of China 467
Third, the bank marches into the financial leasing industry to raise speed 469
Fourth, the financial leasing industry will shuffle 473
Fifth, bank financial lease break through limit from mixed operation 480
Section Two Talents lease trade 485
First, background that talents lease appear 485
Second, difference and relation of talents lease and other type lease 488
Third, influence that talents lease brought to existing social economy in management practice 490
Section Three Telecommunication trade lease 496
First, Shanghai issues contract demonstration text of house lease of mobile communication base station 496
Second, innovation and enlightenment of CHINAUNICOM's financial lease 498
Section Four Leasing market of other trades 508
First, Arcelo throws into leasing industry of Chinese steel sheet pile 508
Second, lease is the trend of future computer purchase 510
Third, job seeker’s dress leasing corporation appear in the university city 517
Fourth, Yadu starts the strategy that " the air leases " 518

Chapter Twelve Operation and management of financial lease enterprises 523
Section One Establishment and institutional framework of financial leasing corporation 523
First, establishment of financial leasing corporation 523
Second, institutional framework of the financial leasing corporation 541
Section Two Basic procedure of the dealing of financial lease 546
First, dealing procedure of financial lease 546
Second,difference of dealing procedure of financial lease 549
Section Three Functional demand of different kinds of lessors 550
First, the banks lessor's marketing tactics 550
Second, functional demand of manufacturers lessor 559
Third, functional demand of independent lessor 563
Fourth, functional demand of lessors of strategic investment institutions 567
Section Four Risk management of financial lease 570
First, risk management and controlling of financial lease business 570
Second, management and controlling of main risk kind 577
Third, supervision and controlling of financial leasing corporation 589
Section Five Profit mode of financial lease 596
First, creditor's rights income 596
Second, residual value income 597
Third, service incomes 598
Fourth, operation income 600
Fifth,tax saving income 602
Sixth, risk income 602
Section Six Principle and procedure of evaluation of financial lease project 604
First, evaluation principle of financial lease project 604
Second, evaluation procedure of financial lease project 607

Chapter Thirteen Development trend and discussion of leasing 612
First, future innovative trend of financial leasing industry 612
Second, develop the international leasing industry and promote the development of western regions 613
Third, evade payment of duty issue discussion of trans-corporation lease 624
Fourth, challenge and policy recommendations which the experimental enterprises of domestic-investment financial lease face 631
Fifth, thinking and suggestion of the World Expo lease service of Shanghai of 2010 637
Sixth, discussion of financial lease question of small and medium-sized enterprises 647

CHART CONTENTS
Chart: Contrast of lease business status of our country 21
Chart: Total amount situation of global leasing market of every continent or regional of 2004 27
Chart: The country or regional situation which the total amount of Lease ranked the top 50 of the whole world in 2004 28
Chart: The country or regional situation which global LFG/GDP penetrance ranked the top 50 of the whole world in 2004 30
Chart: The comparison of influence on balance sheet of financial affairs composing view and all assets views 61
Chart: The comparison of influence on profit flow table of financial affairs composing view and all assets views 62
Chart: Chinese leasing penetrance in 1981-2005 69
Chart: Experimental enterprise's financial lease business overview of domestic-investment financial lease of 2005 74
Chart: Experimental enterprise's situation overview of domestic-investment financial lease of 2006 (1) 75
Chart: Experimental enterprise's situation overview of domestic-investment financial lease of 2006 (2) 76
Chart: The situation of utilization of foreign capital of leasing industry of 2005 77
Chart: Attribute, type of lease organization at home 92
Chart: The enterprise detailed statement that all parts of the country are engaged in leasing business 94
Chart: Four major pillars of leasing industry 121
Chart: Flow chartof Leasing apparatus 137
Chart: Legislative contrast of the laws and regulations of lease 142
Chart: The contrast of trade way and purchasing and paying condition under leasing trade 145
charts: Legislative information slips of financial lease of various countries 150
Chart: Overview of the frame of current law of leasing market (policy) of our country 152
Chart: Supervision situations of financial leasing corporation of various countries 153
Chart: The contrast table of the supervision difference of three kinds of different kinds of financial lease corporations 154
Chart: Contrast of supervision policy of leasing corporations of all countries and regions 155
Chart: Capital source forms of financial leasing corporation of various countries 158
Chart: Contrast table of accounting policy of financial lease business of various countries 159
Chart: The preferential policy of taxes deductions and exemptions of various countries investment 162
Chart: Executive standard of tax revenue of domestic-investment lease enterprises 166
Chart: Government's other support policies of various countries 166
Chart: Obstacle factor of loan and financing of small and medium-sized enterprises of our country 194
Chart: Development of small and medium-sized credit guarantee organization of our country of 2005-2006 209
Chart: Builting construction project situation in Hong Kong in 2001-2006 229
Chart: Rental situation of Hong Kong tower crane 235
Chart: Main manufacturer leasing corporation of engineering machinery of our country 253
Chart: National 50 top enterprises of construction machinery and equipment leasing 264
Chart: Gross output value (current rate)of manufacturing industry of medical apparatus and instrument and apparatus in January - August of 2007 325
Chart: Delivering goods value of export of manufacturing industry of medical apparatus and instrument and apparatus of January - August of 2007 326
Chart: Revenue of main business of manufacturing industry of medical apparatus and instrument and apparatus in January - August of 2007 328
Chart: Price indexes of 70 large and medium cities house lease of the first quarter of 2007 405
Chart: Price indexes of 70 large and medium cities house lease of the second quarters of 2007 407
Chart: Price index of the low-price-rented house lease in the first-second quarter of 2007 409
Chart: Price index of house lease of the first-second quarter of 2007 409
Chart: Price index of other houses lease in the first-second quarter of 2007 410
Chart: Price index of warehouse lease in the first-second quarter of 2007 410
Chart: Price index of the office building lease in the first-second quarter of 2007 410
Chart: Price index of the economic and functional house lease in the first-second quarter of 2007 410
Chart: Price index of the house lease in the first-second quarter of 2007 411
Chart: Price index of the ordinary office building in the first-second quarter of 2007 411
Chart: Price index of the top-grade house lease in the first-second quarter of 2007 411
Chart: Price index of the house lease of industrial storage in the first-second quarter of 2007 412
Chart: Price index of the ordinary house lease in the first-second quarter of 2007 412
Chart: Price index of the house lease of commercial amusement in the first-second quarter of 2007 412
Chart: Price index of the office building lease in the first-second quarter of 2007 412
Chart: Price index of the industrial factory building lease in the first-second quarter of 2007 413
Chart: Rental tendency of grade A office building of Shanghai of 1998-2006 444
Chart: Flow diagram of the cell-phone lease of CHINAUNICOM 501
Chart: Basic flow diagram of the dealing of financial lease 546