"以往，金租公司做政府平台业务比较多，业务同质化严重，普遍存在'类信贷'思维，传统的售后回租 业务占比很高。这两年，特别是金租8号文出台后，行业扎堆转型显现，努力提高直租业务占比，在绿 色租赁、飞机、船舶、车辆等领域的竞争日趋激烈。"一位股份行系金租公司人士告诉记者。 "在船舶调度地图上，密密麻麻的绿色小点代表着所有运行的船舶，带有编号的橙色小点是我们自家的 船舶，这里还有风场、海浪、洋流、气压等数据，利用物联网技术，我们可对船舶运营进行实时监控和 预警。"近日，中国证券报记者走访北京一家金租公司时，相关负责人介绍，公司积极向直租、经营性 租赁模式转型，在船舶、飞机、户用光伏等领域做出了特色。 这是近两年金租行业转型发展的缩影。记者调研了解到，在监管部门倡导下，金租公司普遍主动收缩回 租业务，转而大力投入直租业务。有银行系金租公司人士告诉记者，回租是企业将自有设备出售给金租 公司来获取资金，再以租赁形式租回使用，聚焦盘活存量资产，"类信贷"特征明显；而直租聚焦解决企 业新设备采购需求，更贴合金融服务实体经济导向，这两年增长迅速。"简单来说，直租就是我们帮企 业买设备，企业再分期还钱给我们。"上述银行系金租公司 ...

Core Viewpoint - The regulatory scrutiny on the financial leasing industry has intensified in 2025, with multiple companies facing penalties for non-compliance and operational risks, highlighting the need for improved compliance and risk management practices within the sector [1][2][5]. Group 1: Regulatory Actions - In the first five months of 2025, the financial leasing industry received a total of 7 regulatory fines amounting to 5.6 million yuan, with 9 individuals facing dual penalties [1][4]. - Guangdong Yuecai Financial Leasing Co., Ltd. was fined 1.3 million yuan for multiple violations, including improper management of financing business and misuse of leasing funds [2][4]. - Tibet Financial Leasing Co., Ltd. was the first company to have its license revoked due to severe violations, indicating a significant regulatory crackdown [1][4]. Group 2: Industry Challenges - The rapid expansion of the financial leasing industry has led to a deviation from its core purpose, evolving into a "quasi-credit" business model, which poses serious compliance risks [1][5]. - Many leasing companies have not established adequate compliance and risk management systems tailored to the unique characteristics of leasing operations, often applying credit management practices instead [1][5]. - The industry is experiencing a transformation as it faces pressures from both internal mismanagement and external economic conditions, leading to a deterioration in asset quality [5][6]. Group 3: Compliance Issues - The practice of "fee separation" by Yuecai Financial Leasing, which involves splitting rental payments into financing fees and consulting service fees, violates regulatory standards and may mislead investors [2][4]. - The regulatory environment is evolving, with new guidelines requiring stricter limits on financing balances with related parties, aiming to enhance compliance and risk management [6][7]. - The ongoing regulatory adjustments are seen as a necessary step to ensure that the financial leasing industry can effectively support the real economy by adhering to its foundational principles of "financing + leasing" [6][7].