The Xiamen FTZ promotes its financial leasing industry. [Photo/WeChat ID: gh_6233022b6145]
The Xiamen Area of China (Fujian) Pilot Free Trade Zone has been promoting the development of its financial leasing industry in recent years – attracting leasing companies in various fields including the aircraft sector, integrated circuits, medical equipment and in new energy.
Over 400 registered financial leasing companies are said to be thriving in the Xiamen FTZ, located in the port city of Xiamen, in East China's Fujian province.
One of them, Xiamen Financial Leasing Co Ltd, has achieved vigorous development by focusing on four major sectors: energy, transportation, infrastructure and high-end intelligent manufacturing.
The company is understood to have continuously innovated its business model, particularly in the areas of integrated production and financing, green finance and inclusive finance.
Its reputed success has been attributed to the supportive policy environment of the Xiamen FTZ and the company's ability to leverage the cluster's resources and the core strengths of its shareholders in related industries.
"Enterprise development can't be separated from a good business ecosystem and policy support," said company president Wu Ji.
The group is believed to have fully utilized the established commodities trading industry, the shipping services industry and the transportation and logistics industry's cluster resources within the Xiamen FTZ.
This has led to it developing a raft of leasing products such as operating leases, direct leases and sale-and-leasebacks.
Moving forwards, plans are for the company to further expand its business and explore the potential for international trade and the maritime policies of the Maritime Silk Road Central Legal District FTZ Pilot Zone.