Leasing in China: An Overview

Yanping Shi and Xiaolan Xu

Chinese Economy, 2015, vol. 48, issue 5, 312-329

Abstract: While it might have already been mature in developed economies, the leasing industry is still emerging and rising in China. The Chinese leasing market witnessed a double-digit growth in the last decade and still has potential to sustain this rapid growth in the next decade or beyond. This article aims to provide an overview of this ever-growing Chinese market, covering the leasing history, the importance to the Chinese economy and its on-going economic transition, and a comprehensive introduction to the recent market structure, performance, and legal infrastructures of the leasing industry. It is our view that although it has experienced a dramatic growth period, the Chinese leasing market still has a huge potential in that its market penetration ratio is still at a very low level, less than 5%. The article ends with a discussion of the opportunities and challenges for this market. Despite these challenges, the Chinese leasing industry is stepping into its golden era, as encouraged by the Chinese governments at both central and provincial level, to an unprecedented extent, together with the establishment of a corporate credit information system.

Date: 2015
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DOI: 10.1080/10971475.2015.1067083

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