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严禁资金拆借与暴力催收,一地融资租赁新规倒计时!
Jin Rong Shi Bao· 2025-08-29 04:32
Core Viewpoint - The Shanghai Municipal Financial Management Bureau has completed the revision of the "Interim Measures for the Supervision and Administration of Financing Leasing Companies in Shanghai," which will take effect on October 1, 2025, and remain valid until September 30, 2027, aiming to enhance the regulatory framework for financing leasing companies in Shanghai [1][3]. Group 1: Regulatory Framework - The new regulations are designed to provide normative constraints on the daily operations of financing leasing companies in Shanghai, ensuring compliance with local industry practices [3]. - The "Interim Measures" detail specific arrangements for the establishment, modification, daily inspections, business operations, risk management, and supervision of financing leasing companies [3][4]. - The measures emphasize supporting industries and enterprises that align with national and local industrial policies, particularly in equipment manufacturing, technological upgrades, and supply chain services [3][6]. Group 2: Business Operations and Risk Management - Financing leasing companies are encouraged to increase the proportion of direct leasing business and enhance asset management capabilities while pursuing specialized and differentiated operations [3]. - The measures impose limits on business concentration and related party transactions, stating that the total financing leasing business balance for a single lessee should not exceed 30% of net assets, and for all related parties, it should not exceed 50% of net assets [4]. - A comprehensive risk management system must be established by financing leasing companies to identify, control, and mitigate risks based on their organizational structure and business complexity [6]. Group 3: Compliance and Restrictions - The "Interim Measures" align with national standards, imposing strict limitations on the acquisition of leased assets and fund borrowing, ensuring that leasing companies legally obtain ownership of leased items [7]. - Companies are prohibited from engaging in illegal debt collection practices and from financing through unlicensed entities or methods that do not comply with regulations [7].
*ST仁东:8月27日召开董事会会议
Mei Ri Jing Ji Xin Wen· 2025-08-28 18:46
Group 1 - The company *ST Rendo (SZ 002647) announced on August 29 that its sixth board meeting was held on August 27, 2025, to discuss the proposal for establishing a "Trust Management System" [1] - For the fiscal year 2024, the company's revenue composition is as follows: 93.5% from the service industry and 6.49% from financing leasing [1]
中国飞机租赁(01848) - 本公司之全资附属公司中飞租融资租赁有限公司 2025年中期未经审核财...
2025-08-28 11:00
香港交易及結算所有限公司及香港聯合交易所有限公司對本公告內容概不負責,對其準確性或完 整性亦不發表任何聲明,並明確表示概不會就本公告全部或任何部分內容而產生或因依賴該等內 容而引致的任何損失承擔任何責任。 CHINA AIRCRAFT LEASING GROUP HOLDINGS LIMITED 中飛租 (天 津 )2025 年 中 期 未 經 審核 財務 資 料 概 要 根 據 上 海 證 券 交 易 所 上 市 規 則 及 中 國 其 他 相 關 條 例 及 法 規 所 規 定 , 一 份 名 為 「 中 飛 租 融 資 租 賃 有 限 公 司 - 公 司 債 券 中 期 報 告 ( 2025 年 )」 之 公 告 已 於 2025 年 8 月 28 日 刊載 於 上海 證 券交 易所 網 站 (http://www.sse.com.cn), 並可 於該 網 站下 載 。此 外, 中 飛租 ( 天津 ) 截 至 2025 年 6 月 30 日 止 六个 月 之 財 務 資 料 預 期 於 2025 年 8 月 28 日 刊 載 於 中 國 外 匯 交 易 中 心 網 站 (www.chinamoney.c ...
芯鑫租赁:耕耘产融十年路
Zheng Quan Ri Bao Wang· 2025-08-27 10:46
自2015年成立以来,芯鑫融资租赁有限责任公司(以下简称"芯鑫租赁")始终以服务中国集成电路产业发展为己任,在国 家政策指引下,通过芯鑫人的不懈努力,探索出了一条产融协同、投租联动的特色发展道路。 本报记者 金婉霞 为了沉下心来陪伴服务产业,十年间芯鑫租赁培养了一支专业化团队,探索出经营性回租赁、无形资产租赁、验证机台租 赁等一系列创新业务模式,走出了一条有别于传统融资租赁的专业化特色之路。公司秉承"产融共生,金融报国"的经营理念, 主动让利于实体经济,陪伴企业共同成长,支持中国集成电路产业发展。 破茧成蝶:市场化改革的坚定步伐 芯鑫租赁始终坚持市场化经营思路,开启了刀刃向内的改革。公司通过组织架构优化提升专业化服务能力,结合产业细分 赛道培育专家型人才队伍;通过精简国际国内网络机构,进一步扁平化作战单元,提高垂直管理和决策效率;借鉴市场化的激 励机制提升一线队伍的战斗意志,同时打开思路,积极探索国家大力倡导的新质生产力领域。经过四年的艰苦奋斗与不懈探 索,芯鑫租赁在夯实集成电路主业的基础上沿着应用方向先后培育出新能源、人工智能与数据信息等多个新赛道,支持了远景 科技、金开新能、协鑫集团、合盈数科、世纪互联、 ...
隧道股份: 上海隧道工程股份有限公司2025年半年度报告
Zheng Quan Zhi Xing· 2025-08-27 10:29
Core Viewpoint - The Shanghai Tunnel Engineering Co., Ltd. reported a decrease in revenue and profit for the first half of 2025, with a focus on maintaining operational stability and exploring new business opportunities in infrastructure and digital solutions [1][2]. Financial Performance - The company's total revenue for the first half of 2025 was approximately 22.02 billion RMB, a decrease of 21.47% compared to the same period last year [2]. - The total profit for the period was approximately 1.02 billion RMB, down 17.71% year-on-year [2]. - The net profit attributable to shareholders was approximately 680.15 million RMB, showing a slight increase of 0.21% [2]. - The company proposed a cash dividend of 0.80 RMB per 10 shares, amounting to a total distribution of approximately 251.53 million RMB, which is 37.71% of the net profit [1]. Business Segments - The company operates in various sectors, including infrastructure construction, design services, and urban operations [3][4]. - The construction segment generated approximately 18.56 billion RMB in revenue, with a gross margin of 11.13%, but saw a decrease in revenue by 24.01% year-on-year [3]. - The design services segment reported revenue of approximately 526.31 million RMB, down 26.49% from the previous year [3]. - The infrastructure operation business generated approximately 1.52 billion RMB, with a gross margin increase of 21.91% [3]. Strategic Initiatives - The company is actively involved in PPP and BOT projects, with 52 ongoing projects in various stages of development [4][5]. - The company has established a digital information division that focuses on smart city solutions and digital infrastructure management [6][7]. - The company is also expanding its financing leasing and factoring services, targeting the infrastructure sector [8][9]. Market Position and Competitiveness - The company has a strong market presence in the construction and design of large-scale infrastructure projects, including tunnels and railways, with over 32 major tunnel projects completed [4][10]. - The company has received numerous patents and awards for its innovative technologies in tunnel construction and safety management [15]. - The company aims to enhance its competitive edge through digital transformation and the integration of advanced technologies in its operations [11][12].
博弈融资租赁:租赁大行其道隐忧不可不防
Sou Hu Cai Jing· 2025-08-27 09:25
Group 1 - The core viewpoint is that vehicle sales remain the mainstream business, while leasing models are gaining traction due to consumer demand for flexibility and lower initial investment [1][7] - Operators face increased risks under the leasing model, including higher accident rates and maintenance responsibilities, which can lead to increased operational costs [3][5] - The insurance issue is critical in the new energy logistics vehicle industry, with high premiums and difficulties in renewal posing a threat to operators' sustainability [5][7] Group 2 - The rental business's vehicle utilization rate is a key performance indicator, and operators must enhance their service offerings to maintain high rental rates and ensure stable supply [5][7] - The logistics industry's concentration and dynamic market changes have made leasing a preferred choice for many businesses, emphasizing the need to adapt to market demands [7][8]
企业资产支持证券产品报告(2025年7月):发行节奏放缓,融资成本进一步下行,二级市场活跃度环比下降但同比上升明显
Zhong Cheng Xin Guo Ji· 2025-08-27 09:13
Group 1: Report Overview - The report is titled "Enterprise Asset-Backed Securities Product Report (July 2025)" and is a regular report by Zhongchengxin International [5]. Group 2: Industry Investment Rating - No information provided on industry investment rating. Group 3: Core Viewpoints - In July 2025, the issuance rhythm of enterprise asset-backed securities slowed down, the financing cost further decreased, the secondary market activity decreased month-on-month but increased significantly year-on-year [5]. Group 4: Issuance Situation - In July 2025, 123 enterprise asset-backed securities were issued, with a total issuance scale of 130.342 billion yuan. Compared with the previous month, the number of issuances decreased by 29, and the issuance scale decreased by 2.36%. Compared with the same period last year, the number of issuances decreased by 9, but the issuance scale increased by 20.50% [5][6][22]. - The top five original equity holders in terms of issuance scale were China CITIC Financial Asset Management Co., Ltd., China Railway Capital Co., Ltd., China Railway Trust Co., Ltd., Runze Technology Development Co., Ltd., and Ping An International Financial Leasing Co., Ltd., with a combined issuance scale of 31.425 billion yuan, accounting for 24.11% [7]. - The top five managers in terms of new management scale were CITIC Securities Co., Ltd., CITIC Construction Investment Securities Co., Ltd., Huatai Securities (Shanghai) Asset Management Co., Ltd., Tianfeng (Shanghai) Securities Asset Management Co., Ltd., and Ping An Securities Co., Ltd., with a combined new management scale of 60.789 billion yuan, accounting for 46.64% [10]. - The underlying asset types mainly included accounts receivable, enterprise financial leasing, personal consumer finance, public REITs, and supply chains [5][22]. - The highest single-product issuance scale was 10.01 billion yuan, and the lowest was 0.94 billion yuan. The most issuance orders were in the (5, 10] billion yuan range, with 45 orders and an amount accounting for 27.13% [15]. - The shortest product term was 0.50 years, and the longest was 59.97 years. The most products were in the (1, 3] - year range, with 49 orders and a scale accounting for 27.49% [16][17]. - According to the issuance scale of each level of securities, AAAsf - level securities accounted for 83.22% [17]. - The lowest issuance interest rate of one - year - around AAAsf - level securities was 1.68%, and the highest was 2.58%. The interest rate center was approximately between 1.60% and 1.80%, with the median decreasing by about 30BP month - on - month and about 7BP year - on - year [20]. Group 5: Filing Situation - In July 2025, 153 enterprise asset - backed securities were filed with the Asset Management Association of China, with a total scale of 144.002 billion yuan [5][23]. Group 6: Secondary Market Transaction - In July 2025, enterprise asset - backed securities had 4,309 transactions on the exchange market, with a total transaction amount of 101.986 billion yuan. The number of transactions decreased by 146 month - on - month and increased by 1,236 year - on - year. The transaction amount decreased by 9.09% month - on - month and increased by 50.55% year - on - year [5][24]. - The more active underlying asset types in the secondary market were class REITs, accounts receivable, CMBS, enterprise financial leasing, and supply chains, with transaction amount accounting for 22.49%, 18.87%, 12.43%, 10.77%, and 10.14% respectively [24]. Group 7: August 2025 Maturity Analysis - As of the end of July 2025, 154 outstanding enterprise asset - backed securities were due for repayment in August 2025, with a total scale of 36.4 billion yuan [26]. - The underlying assets of the due securities were mainly accounts receivable, personal consumer finance, supply chains, and policy loan pledges, with due scale accounting for 36.19%, 19.06%, 15.91%, and 11.63% respectively [26]. - China Railway Trust Co., Ltd. had 5 due securities with a repayment scale of 9.08 billion yuan, accounting for 24.95%, and China Pacific Life Insurance Co., Ltd. had 6 due securities with a repayment scale of 4.234 billion yuan, accounting for 11.63% [26].
中国诚通发展集团附属订立售后回租协议
Zhi Tong Cai Jing· 2025-08-26 13:59
Core Viewpoint - China Chengtong Development Group (00217) announced a leasing agreement involving its wholly-owned subsidiary, Chengtong Financial Leasing, which will purchase and lease back assets to the joint lessees, Dan Cheng and Yi Ye, for a period of three years, with an option for early termination based on the terms of the sale and leaseback agreement [1] Group 1 - The leasing agreements were established with Dan Cheng and Yi Ye, and Song Wei and Yi Ye as joint lessees [1] - The leased assets include several hydraulic crawler cranes, crawler cranes, and earthmoving machines [1] - The agreements allow for early termination according to the conditions specified in the related sale and leaseback agreements [1]
中国诚通发展集团(00217)附属订立售后回租协议
智通财经网· 2025-08-26 13:57
Core Viewpoint - China Chengtong Development Group (00217) announced a leasing agreement involving Chengtong Financing Leasing, which will purchase and lease back assets to joint lessees Dan Cheng and Yi Ye, as well as Song Qiao and Yi Ye, for a period of three years, with an option for early termination based on the terms of the sale and leaseback agreement [1] Group 1 - The leasing agreements involve various hydraulic crawler cranes, crawler cranes, and earthmoving machines [1] - The agreements are set to commence on August 26, 2025, indicating a strategic move towards asset management and leasing [1] - The leasing arrangement allows for flexibility with the option to terminate early under specified conditions [1]
国银金租(01606.HK):本年度已收到合计约1.4亿美元保险和解款
Ge Long Hui· 2025-08-26 11:31
Core Viewpoint - The company has successfully reached an insurance settlement regarding several aircraft leases stranded in Russia, receiving approximately $140 million in insurance compensation to date [1]. Group 1 - The company announced that its wholly-owned subsidiary, Guoyin Aviation Financial Leasing Co., Ltd., has reached an insurance settlement agreement concerning aircraft stranded in Russia [1]. - The total amount received from the insurance settlement so far is approximately $140 million [1]. - The settlement and receipt of funds were conducted in full compliance with all applicable laws and relevant sanctions regulations [1].