Core Viewpoint - The company, Shanghai Tianchen Co., Ltd., is providing guarantees for its wholly-owned subsidiary, Tianchen Green Energy Technology (Wuhu) Co., Ltd., to facilitate financing lease operations, which is expected to enhance the subsidiary's financing capabilities and support its normal business operations [1][16]. Group 1: Guarantee Overview - The total guarantee amount provided by the company is capped at RMB 150 million, with the specific guarantee for the financing lease not exceeding RMB 15 million [4][11]. - As of the announcement date, the company's total guarantee amount is RMB 849 million, representing 55.04% of the latest audited net assets, with an actual guarantee amount of RMB 225.8 million, accounting for 14.64% of the net assets [2][16]. Group 2: Financing Lease Contract Details - The financing lease contract was signed between Tianchen Green Energy Technology and Hengqin Huatong Financial Leasing Co., Ltd., with a lease term of 5 years starting from October 10, 2025 [3][8]. - The total value of the leased equipment is approximately RMB 71.06 million, with a purchase price of RMB 71 million and estimated interest of RMB 11.13 million at a fixed rate of 5% [7][10]. Group 3: Internal Decision-Making Process - The board of directors approved the guarantee proposal during the 15th meeting of the 11th board on September 26, 2025, and at the first extraordinary shareholders' meeting on October 15, 2025 [4][16]. Group 4: Risk and Creditworthiness - The subsidiary, Tianchen Green Energy Technology, is not classified as a dishonest executor and has a stable business operation with a low debt-to-asset ratio of 13.65% as of 2024 [5][16].

Core Viewpoint - The Financial Regulatory Administration has released the "Management Measures for Financing Leasing Business of Financial Leasing Companies," which aims to regulate the entire process of financing leasing, emphasizing compliance, risk management, and internal controls [1][2]. Group 1: Regulatory Framework - The new measures cover all aspects of financing leasing, including due diligence, approval processes, contract execution, and post-lease management, with specific requirements for each stage [1]. - Compliance with leasing object types is highlighted as a prerequisite for the legality of financing leasing operations [1]. Group 2: Risk Management - The measures establish clear risk management and internal control requirements, addressing credit risk, concentration risk, operational risk, and related party transaction risk [1]. - Financial leasing companies are required to enhance internal controls, internal audits, and management of employee behavior, particularly in key areas of operational leasing asset management and overseas business [1]. Group 3: Sale and Leaseback Business - To regulate sale and leaseback operations, the measures mandate verification of the lessee's ownership of the leased asset and proper valuation management to prevent inflated assessments [2]. - The approval process stipulates that the amount of sale and leaseback financing must not exceed the asset's value, ensuring the authenticity of ownership transfer and the lessee's financing needs [2]. - The measures aim to eliminate the "high valuation, high loan" arbitrage opportunities, ensuring that funds are genuinely used for production and operations rather than being diverted to prohibited areas [2].

Core Viewpoint - The National Financial Regulatory Administration has issued the "Management Measures for Financing Leasing Business of Financial Leasing Companies," effective from January 1, 2026, aimed at regulating the operations of financial leasing companies and enhancing financial service levels [1][2]. Group 1: Regulatory Framework - The new measures focus on various aspects such as due diligence, risk assessment and approval, contract establishment and execution, post-lease management, and internal control to mitigate business risks [1]. - The measures emphasize compliance with the type of leased assets as a prerequisite for financing leasing business [1]. Group 2: Business Operations - Financing leasing is the primary business of financial leasing companies, categorized into direct leasing and sale-leaseback transactions [1]. - The measures aim to guide financial leasing companies to align closely with enterprise equipment asset needs, thereby fostering a financial service model with distinct industrial characteristics [1]. Group 3: Market Trends - Regulatory authorities have been encouraging financial leasing companies to increase the proportion of direct leasing business [2]. - As of the end of 2024, the balance of direct leasing assets for financial leasing companies is projected to reach 640.54 billion, reflecting a year-on-year growth of 52.73% [2]. - In 2024, direct leasing investments are expected to total 352.30 billion, accounting for 19.56% of the total investment [2].

Core Viewpoint - The company, Lide Education (01449), has entered into a financing lease agreement with Haitong Hengxin for educational equipment and platforms, indicating a strategic move to enhance its educational offerings and infrastructure [1] Group 1: Financing Lease Agreement - The financing lease agreement was signed on December 5, 2025, between Heilongjiang Industrial and Commercial College (the company's comprehensive affiliated entity) as the lessee and Haitong Hengxin as the lessor [1] - The lease assets include teaching electronic devices, multimedia equipment, training platforms, experimental models, experimental platforms, and experimental equipment, which are essential for modern educational practices [1]

根据《办法》，金融租赁公司应当建立健全融资租赁业务内部审计制度，内部审计部门应当结合本公司 情况对融资租赁业务重点风险领域开展审计，审计频度原则上每年不少于一次，对审计发现的问题提出 整改意见，并跟踪检查整改措施完成情况，促进公司合法经营和稳健发展。 在尽职调查方面，《办法》要求，金融租赁公司应当合理确定租赁物价值，严禁低值高买。金融租赁公 司开展直接租赁业务时，可以根据实际购买价款或厂商指导价格等因素合理确定租赁物价值；开展售后 回租业务时，应当以承租人所持有资产的账面价值为基础，选用合理的估值方法确定租赁物价值。 （编辑：李晖 审核：何莎莎 校对：颜京宁） 中经记者 石健 北京报道 12月5日，国家金融监督管理总局发布《金融租赁公司融资租赁业务管理办法》（以下简称"《办 法》"）。《办法》共设8章68条，包括：总则、尽职调查、风险评价与审批、合同的订立与执行、租后 管理、风险管理与内部控制、监督管理、附则。《办法》自2026年1月1日起施行。 《办法》要求，金融租赁公司应当建立尽职调查制度和管理体系，规范尽职调查操作流程，明确尽职调 查工作要求，确保尽职调查的独立性、真实性和有效性。金融租赁公司应当建立符 ...

格隆汇12月5日丨立德教育(01449.HK)公告，于2025年12月5日，公司的综合联属实体黑龙江工商学院与 海通恒信订立融资租赁协议(海通)及专项协议(海通)，内容有关融资租赁安排(海通)。 透过订立融资租赁安排(海通)，集团可获得财务资源以为建设集团校区拨资及应付其一般营运资金需 求，同时集团的营运不会因融资租赁安排(海通)而受到影响，因为根据融资租赁安排(海通)，概无向海 通恒信转让资产的拥有权或使用权。根据国际财务报告准则，融资租赁安排(海通)项下拟进行交易并不 构成一项资产出售，故不会产生任何须于集团收益表内入账的收益或亏损。于租期届满后，集团将支付 名义保留金以将租赁资产(海通)转回予集团。因此，实际上及就会计处理而言，订立融资租赁安排(海 通)实际上与借入一项有抵押贷款大致相同。 海通恒信为于中国注册成立的股份有限公司，其股份于联交所上市(股份代号：1905)，主要从事通过融 资租赁安排、经营租赁安排等为客户提供融资服务、提供谘询服务及其他服务。 ...

新华社北京12月5日电（记者张千千、李延霞）国家金融监督管理总局5日对外发布《金融租赁公司融资 租赁业务管理办法》，引导金融租赁公司聚焦主责主业，发挥特色金融功能，规范开展融资租赁业务， 提升服务实体经济高质量发展的能力和水平。 ...

《办法》强调，融资租赁业务合规性的首要前提是租赁物类型合规；在尽职调查和审查审批环节，强调 对租赁物适格性、权属、价值、物理状况等方面的调查审查；在合同订立和执行阶段，强调合同中租赁 物相关要素、租赁物的登记和交付等方面要求；在租后管理阶段，对处于在建、在租、租期届满和待租 等不同状态下的租赁物，分别提出有针对性的管理要求。 在风险管理方面，《办法》全面规定了融资租赁业务全流程的操作规范，并根据直接租赁、售后回租、 经营性租赁等不同业务中的风险点，分类施策提出差异化管理要求。 《办法》第六章专章规定风险管理与内部控制，明确与融资租赁业务相关的信用风险、集中度风险、操 作风险、关联交易风险等重点领域风险防控要求。同时，要求金融租赁公司加强内部控制、内部审计、 激励约束等方面的管理，并对经营性租赁资产管理、境外业务管理、员工行为管理中的关键环节提出相 应风险管理要求。 前述负责人表示，金融监管总局将做好《办法》颁布实施工作，持续做好"五大监管"，指导金融租赁公 司专注主业，做精专业，打造专业化、特色化竞争力，紧紧围绕"五篇大文章"，更好发挥"融资+融 物"独特优势，在服务国家战略、支持实体经济高质量发展等方面发挥 ...

12月5日金融一线消息，近日，金融监管总局制定发布了《金融租赁公司融资租赁业务管理办法》。为 加强金融租赁公司经营性租赁业务风险管理，《办法》要求，金融租赁公司应当强化租赁物的运营管 理，落实维护保养、保险安排等措施，确保资产安全，并持续关注租赁物价值波动，定期开展价值重 估，做好减值测试，足额计提减值准备，有效防范经营性租赁业务相关风险。 责任编辑：王馨茹 责任编辑：王馨茹 12月5日金融一线消息，近日，金融监管总局制定发布了《金融租赁公司融资租赁业务管理办法》。为 加强金融租赁公司经营性租赁业务风险管理，《办法》要求，金融租赁公司应当强化租赁物的运营管 理，落实维护保养、保险安排等措施，确保资产安全，并持续关注租赁物价值波动，定期开展价值重 估，做好减值测试，足额计提减值准备，有效防范经营性租赁业务相关风险。 ...

12月5日金融一线消息，近日，金融监管总局制定发布了《金融租赁公司融资租赁业务管理办法》。为 规范售后回租业务经营行为，防范租赁物权属瑕疵、估值虚高等问题与风险，《办法》要求，在尽职调 查阶段，金融租赁公司须核实承租人对租赁物的所有权，做好租赁物价值评估管理，严禁低值高估；在 审查审批阶段，要求售后回租业务金额不得高于租赁物价值，并做好对租赁物适格性、所有权转移真实 性、承租人融资和租赁物使用需求真实性、合法性和合理性的审查；在合同执行阶段，要求金融租赁公 司重点做好资金用途监测和管理，防止资金挪用等问题。 责任编辑：王馨茹 12月5日金融一线消息，近日，金融监管总局制定发布了《金融租赁公司融资租赁业务管理办法》。为 规范售后回租业务经营行为，防范租赁物权属瑕疵、估值虚高等问题与风险，《办法》要求，在尽职调 查阶段，金融租赁公司须核实承租人对租赁物的所有权，做好租赁物价值评估管理，严禁低值高估；在 审查审批阶段，要求售后回租业务金额不得高于租赁物价值，并做好对租赁物适格性、所有权转移真实 性、承租人融资和租赁物使用需求真实性、合法性和合理性的审查；在合同执行阶段，要求金融租赁公 司重点做好资金用途监测和管理， ...