--- SEARCH ---
WEATHER
CHINA
INTERNATIONAL
BUSINESS
CULTURE
GOVERNMENT
SCI-TECH
ENVIRONMENT
SPORTS
LIFE
PEOPLE
TRAVEL
WEEKLY REVIEW
Learning Chinese
Learn to Cook Chinese Dishes
Exchange Rates
Hotel Service
China Calendar


Hot Links
China Development Gateway
Chinese Embassies


Leasing Sector to Be Fully Opened

China is going to completely open its leasing industry to foreign investors in the near future, said the Ministry of Commerce in Beijing. 

The ministry has recently published a new regulation for foreign investment in the leasing industry, amending the previous provisional regulation implemented in 2001. The regulation will come into force on a trial basis on March 5.

 

The fresh moves were made to meet the timetable China pledged to the World Trade Organization (WTO).

 

The regulation means foreign investors will be allowed to deal with leasing and financial leasing in terms of wholly foreign-owned companies.

 

Meanwhile, the regulation has lowered the capital threshold for foreign-funded leasing companies.

 

In line with China's commitments to the WTO, the minimum registered capital of a foreign financial leasing company will be reduced from US$20 million to US$10 million.

 

Aside from this, in order to keep control of this sector, the ministry requires all financing leasing firms to submit business reports before March 31 each year.

 

The new regulation is expected to herald a new foreign leasing companies investing spree in China.

 

According to the ministry, a number of foreign enterprises, including banks, specialized leasing companies and manufacturing enterprises, have applied to establish wholly-owned leasing companies in China.

 

In fact, two multinational companies, GE Capital and Caterpillar, set up their wholly-owned firms in China last year as pilots in the leasing sector.

 

So far, China has 39 foreign-funded leasing companies, with their volume of trade totaling nearly US$1.6 billion in 2004.

 

In the new investing environment, the number of companies is expected to reach 45 this year.

 

Insiders also believe foreign investors bring new business methods to China, enhancing the entire industry.

 

However, experts warn that China's leasing industry is still weak, so domestic leasing companies need more help than their foreign rivals.

 

Complicated management and high taxation blocked the development of domestic leasing companies, said Xia Bin, director of the Financial Research Institute of the Development Research Center of the State Council.

 

Currently, domestic leasing companies have to bear an annual income tax of 25 percent while the tax rate on foreign firms is only 13 percent.

 

Qu Yankai, an official at China's Association of Enterprises with Foreign Investment, echoed Xia by saying that the government should particularly strengthen their support of domestic financial leasing companies.

 

(China Daily February 19, 2005)

GE Blazes Trail in Leasing Business
Nation Set to Boost Leasing Industry
Print This Page
|
Email This Page
About Us SiteMap Feedback
Copyright © China Internet Information Center. All Rights Reserved
E-mail: webmaster@china.org.cn Tel: 86-10-68326688
主站蜘蛛池模板: 亚洲欧美强伦一区二区另类| 性欧美videos另类视频| 亚洲精品视频在线播放| 精品欧美军人同性videos| 国产午夜精品一二区理论影院| 最近免费中文在线视频| 国语自产偷拍精品视频偷拍 | 亚洲成年人网址| 爱情岛讨论坛线路亚洲高品质| 国产免费观看黄AV片| 五月天亚洲色图| 好大好深好猛好爽视频免费| 中文字幕日韩专区| 欧美亚洲777| 亚洲欧美日韩国产精品26u| 狠狠躁天天躁中文字幕无码| 全黄性性激高免费视频| 美女免费视频一区二区| 国产AV无码专区亚洲AV麻豆| 西西人体444rt高清大胆| 国产精品欧美亚洲韩国日本 | 一二三四在线观看免费高清视频| 日韩精品无码人成视频手机| 亚洲午夜一区二区电影院| 精品乱码一区二区三区四区| 国产91精品久久久久久| 说女生二哈是什么意思| 国产精品国三级国产aⅴ| 97se亚洲国产综合自在线| 大香伊人久久精品一区二区| www.四虎com| 好看的国产精品| yy22.tv夜月直播| 性放荡日记高h| 中文字幕一区二区三区久久网站| 抱着cao才爽| 中文字幕在线播放| 新婚之夜女警迎合粗大| 亚洲另类第一页| 欧美日韩不卡高清| 免费黄色录像片|