Core Points - The Chinese financing leasing industry has entered a new stage of reduction and quality improvement, characterized by four new features Group 1: Industry Characteristics - Characteristic 1: Industry Scale Streamlining The total asset volume has maintained steady growth in recent years, but the number of financial institutions has been reduced through continuous industry consolidation, leading to the elimination of smaller leasing companies with weak capital and compliance capabilities. The industry is now characterized by fewer but stronger players [2] - Characteristic 2: Shift in Operating Model The growth model of the industry has significantly changed from a pure interest margin profit model to a comprehensive value management growth model. The proportion of direct leasing and operating leasing assets is continuously increasing, reflecting a fundamental shift in the industry's operating model [3] - Characteristic 3: High Market Concentration The market structure has evolved, with leading financing leasing companies gaining advantages in resources and capital, resulting in an increasing market share for these companies. This has created a "stronger gets stronger" situation, while many leasing companies are deeply developing specialization in vertical fields such as high-end manufacturing and new energy technologies [4] - Characteristic 4: Business Innovation Development The industry has seen new characteristics in business innovation, focusing on five major areas. Innovations include establishing standardized systems for green energy leasing, creating combined financing products for technology leasing, developing standardized products for inclusive leasing tailored to small and medium-sized enterprises, and expanding automotive leasing products to promote consumption [5]