The first financial leasing company to complete registration after the Qingdao area of Shandong Free Trade Zone was approved


On April 10, 2020, Qingdao Rongfa Financial Leasing Co., Ltd. was incorporated in the Qingdao area of China (Shandong) Free Trade Zone, becoming the first financial leasing company to complete registration after the approval of the area.


What is a finance lease



Financial leasing means that the lessor, according to the lessee's specific requirements for the leased object and the choice of the supplier, contributes to the purchase of the leased object from the supplier and leases it to the lessee for use. The lessee pays the rent to the lessor in installments. During the lease period, the ownership of the leased object belongs to the lessor and the lessee has the right to use the leased object. As a new type of financial product, financial leasing has become an important financing method after bank credit, bonds, trusts, etc., occupying a large share in the financial market.


Optimizing the Capital Operation Layout of State-owned Enterprises



Qingdao Rongfa Financial Leasing Co., Ltd. is a wholly-owned subsidiary of Rongfa Group, a state-owned enterprise in Qingdao West Coast New District, with a registered capital of 0.2 billion yuan. The company is committed to giving full play to the unique functions of financial leasing, and carries out large-scale equipment financial leasing, operating leasing, leasing transaction consulting and other businesses for domestic and foreign markets. The establishment of the company will further enrich the financial investment sector of Rongfa Group and improve the capital operation capacity of regional state-owned enterprises.


Help Financial Innovation in Pilot Free Trade Zone



It is worth mentioning that the company was approved to be registered and established because of the opening policy of the free trade pilot zone-the "China (Shandong) Free Trade Pilot Zone Overall Plan" issued in August 2019 clearly proposed to explore and implement Financial innovation supports qualified financial leasing companies to set up professional subsidiaries in the free trade pilot zone. In the context of the continuous innovation of relevant financial policies in the pilot free trade zone, Rongfa Financial Leasing Company will give full play to the advantages of state-owned enterprise investment and financing platforms, further subdivide the financial leasing market, and help the Qingdao area of the China (Shandong) Pilot Free Trade Zone to deepen the financial sector Open and innovate, to create a high-standard and high-quality free trade zone with convenient trade and investment, complete financial services, safe and efficient supervision, and prominent radiation-leading role.



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Company address: 388 Wheel Mountain Road, West Coast New District, Qingdao, China

Contact Phone:0532-85160055

Website record number: Lu ICP Bei 16050788 No. -2

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