Core Viewpoint - The State Administration of Foreign Exchange (SAFE) Shanghai Branch has initiated a pilot policy for shared foreign debt quotas among financing leasing parent and subsidiary companies, enhancing cross-border financing convenience and supporting regional economic and industrial development [1] Group 1: Policy Implementation - The shared foreign debt quota policy has enabled a domestic leasing company to successfully restructure a leasing project for an airline, integrating high-level capital project openness with the transformation needs of the aviation industry [1] - Traditionally, subsidiary companies in financing leasing face limitations due to insufficient foreign debt quotas, complicating debt subject changes during leasing structure reorganization [1] Group 2: Impact on Financing - The policy allows the leasing company's special purpose vehicle (SPV) in the Lingang New Area to undertake cross-border aircraft leasing foreign debt and lease it domestically to the airline, effectively completing the leasing structure reorganization [1] - The shared foreign debt quota policy addresses financing bottlenecks in the capital-intensive aviation industry, facilitating efficient utilization of both international and domestic markets and resources, thereby reducing financing costs for enterprises [1] Group 3: Market Growth - The cross-border financing leasing business in Shanghai has seen significant growth, with the number of foreign exchange registrations and the amount completed in the first seven months of this year increasing by 27.3% and 16.1% year-on-year, respectively [1]