On August 23, the State Financial Supervision and Administration Bureau issued the Circular on the Issuance of the Encouragement List and Negative List for the Business Development of Financial Leasing Companies and the Positive List for the Business of Project Companies. Among them, the encouragement list is oriented to the national strategic needs andImportant equipment and major technical equipment such as agricultural machinery, wind power photovoltaic, photothermal power generation, pharmaceutical research and development, and ships in 27 industries, including agriculture, forestry, animal husbandry and fishery, new energy, pharmaceuticals, ships and marine engineering, are included in the scope of encouragement.
The Negative List reiterates the requirements of the prohibited business areas in the Notice of the State Financial Supervision and Administration on Promoting the Standardized Operation and Compliance Management of Financial Leasing Companies (Jin Gao [2023] No. 8), which has been issued and implemented, and clarifies the principle of dividing the old from the new and disposing of the stock of business appropriately.
Positive list in the "financial leasing company project company management measures" (banking and insurance supervision office issued [2021] 143) on the basis of the scope of leases provided for in Article 3, combined with the previous part of the company to pilot the project company integrated circuit financial leasing business experience and effectiveness, increased integrated circuits and arithmetic center equipment, to better support the integrated circuit industry and the development of arithmetic infrastructure.
The Circular shall enter into force on the date of its issuance.
Full text follows:
Circular of the General Office of the State Administration of Financial Supervision on the Issuance of the Encouragement List and Negative List for Business Development of Financial Leasing Companies and the Positive List for Business of Project Companies
Financial Supervisory Authorities:
To optimize the business direction and business structure, to better play the specialized and characteristic financial function, to provide enterprises with "property financing + financing" financial services, and to promote the high-quality development of the economy and society, the General Administration of Financial Supervision has formulated the Encouragement List for the Business Development of Financial Leasing Companies (hereinafter referred to as the Encouragement List), Negative List for the Business Development of Financial Leasing Companies (hereinafter referred to as the Negative List) and Positive List for the Businesses of Financial Leasing Companies and Project Companies (hereinafter referred to as the Positive List). The relevant matters are notified as follows:
First, the financial leasing company should be based on the functional positioning and its own endowment, according to the list of encouragement to adjust the business planning, support the promotion of industrial optimization and upgrading of important general equipment and major technological equipment needs, to help modernize the construction of the industrial system, and to promote the development of new quality of productive forces. At the same time, it is necessary to track and study the development trend of the industry in a timely manner to avoid blind investment leading to low-level duplication of industrial projects.
Second, the financial leasing company shall strictly implement the Notice of the General Office of the China Banking and Insurance Regulatory Commission on Relevant Issues Concerning the Strengthening of Compliance Supervision and Regulation of the Financial Leasing Business of Financial Leasing Companies (CBIRC Office of the CBIRC [2022] No. 12) and the Notice of the State Administration of Financial Supervision and Administration on the Promotion of the Standardized Operation and Compliance Management of Financial Leasing Companies (Jinjie [2023] No. 8) in respect of the relevant provisions on prohibited business areas. The stock of relevant business is naturally settled and may not be extended or renewed.
Third, the financial leasing company shall implement positive list management on the scope of leases of the project company it establishes in accordance with Article 3 of the Measures for the Administration of Project Companies of Financial Leasing Companies (CBIRC [2021] No. 143). The scope of leases of project companies established by professional subsidiaries of financial leasing companies shall be in line with the specific business fields or specific business models of the professional subsidiaries.
Fourth, the financial leasing company shall, in accordance with the content of the list and in light of the actual situation, improve the system related to business access and give full play to the guiding role of the encouragement list and the negative list. Financial leasing companies should report regularly to the local Financial Supervisory Bureau each year on the implementation of the encouragement list. For those that actively implement the list and achieve good results, the respective Financial Supervisory Bureaus shall take into account in their supervisory ratings.
V. The General Administration of Financial Supervision will update and adjust the list in due course in accordance with the national policy orientation, requirements of relevant policy documents and business development of financial leasing companies, and publicize it through the website of the General Administration of Financial Supervision.
General Office of the State Administration of Financial Supervision and Administration
August 16, 2024
(This document was sent to the Financial Supervisory Bureaus and financial leasing companies within their jurisdiction)
Incentive list for business development of financial leasing companies
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