13 March 2018, 11:40
The Chinese leasing industry will experience massive growth in the coming years, with auto finance and financial leasing leading the way. The penetration rate for auto finance is expected to reach 50 percent by 2020, with a market size in excess of RMB 2 trillion. Meanwhile, the financial leasing industry grew from RMB 70 billion in 2007 to RMB 1.2 trillion in 2012, a 16-fold increase in five years. Projections state that by 2020, financial leasing in China will be close to a RMB 10 trillion industry, with a compound annual growth rate of about 30%, and a penetration rate of over 10%.
In the wake of this unprecedented growth to leasing markets in China, Duxes will host the 11th China Leasing Summit 2018 in Beijing from June 21th-22th. The summit will consist of the Asia Auto Finance & Leasing Forumand the Equipment Leasing Forum, and analyze the latest market conditions and government policies for leasing in
China, featuring speakers from government agencies and leading companies. The Auto Finance Forum will delve into recent policy developments and market trends, the secondhand auto sector, and tackle the diverse implications of such phenomena as e-commerce, new energy vehicles, artificial intelligence, and car sharing on business models for auto leasing. The Equipment Leasing Forum plans to address the impact of policy and tax reforms in China, the IFRS 16 accounting standards, as well as financing channels for lessors, growth sectors for equipment leasing, and optimal practices for asset residual management. The 11 th China Leasing Summit 2018 continues Duxes’ acclaimed leasing event series, which dates back to 2008, and offers forward-looking analysis of leasing markets in China and around the world. Delegates representing equipment vendors, lessors, service providers, such as law, consulting, and investment firms, as well as government agencies and non-profit associations, are invited to attend.
Source: Duxes Information & Technology PLC.