《方案》提出，力争到2030年末，全市租赁公司资产规模达到2.8万亿元，飞机、船舶、出口离岸 和绿色租赁比较优势持续巩固，累计完成3000架飞机租赁业务、1600艘船舶租赁业务，绿色租赁资产超 过6500亿元。同时，拓宽租赁新赛道，推动算力租赁等新质生产力设备租赁业务初具规模，全面提升租 赁行业发展水平和在经济社会发展中的贡献度。 值得关注的是，在打造特色业态方面，《方案》明确支持东疆建设全球飞机租赁中心、国际船舶租 赁中心和全球出口离岸租赁中心，同时高水平建设"绿色租赁高质量发展区"，引领行业绿色转型。 《方案》强调，将在风险可控前提下开展融资租赁先行先试各项创新，切实防范各类风险，坚决守 住不发生区域性风险、不引发系统性风险的底线。 中新网天津11月19日电 (记者 周亚强)记者19日从天津官方获悉，天津市委金融办日前发布《天津 市建设国际一流国家租赁创新示范区更好服务实体经济高质量发展实施方案(2026-2030年)》(下称《方 案》)，旨在进一步发挥融资租赁服务实体经济作用，高水平建设国际一流国家租赁创新示范区，促进 天津租赁行业高质量发展。 《方案》部署了推动融资环境、司法环境、人才环境和政策环境优 ...

Core Viewpoint - The Tianjin Municipal Financial Office has released a five-year implementation plan aimed at establishing an international first-class national leasing innovation demonstration zone, with a target of reaching a total asset value of 2.8 trillion yuan for leasing companies by the end of 2030 [1][2]. Group 1: Consolidation of Advantages and Expansion into New Fields - The plan sets clear quantitative goals for the leasing industry, aiming to maintain a leading position in traditional sectors such as aircraft, ships, offshore leasing, and green leasing, with targets including 3,000 aircraft and 1,600 ships leased, and green leasing assets exceeding 650 billion yuan [2]. - It emphasizes the expansion into new leasing sectors, particularly in computing power leasing and low-altitude economic equipment, to create a "computing power leasing hub" and inject new momentum into the real economy [2]. Group 2: Comprehensive Support System - The plan outlines a comprehensive support system across ten dimensions, including financing, legal, talent, and business innovation [3]. - To address financing challenges, it proposes a dual approach of securing special credit policies from banking institutions and encouraging direct financing through corporate bonds and asset securitization [3]. - It aims to enhance the legal environment by leveraging the expertise of the Tianjin Free Trade Zone financing leasing court and establishing a multi-faceted dispute resolution mechanism [3]. Group 3: Policy and Business Innovation - Key highlights include allowing financial leasing companies to issue foreign currency loans to project companies and supporting operational leasing to collect foreign currency rents [4]. - The plan encourages deep integration of leasing companies with the industrial chain and promotes export leasing through collaboration with the China Export Credit Insurance Corporation [4]. Group 4: Building a World-Class Industrial Cluster - The plan aims to create a nationally influential high-end leasing industry think tank and support core enterprises in the industrial chain to invest in compliant leasing companies [5]. - It seeks to establish a global aircraft leasing center and an international ship leasing center in the Dongjiang Comprehensive Bonded Zone, optimizing the business environment to compete with international hubs like Singapore and Hong Kong [5]. - The plan also emphasizes the importance of digital and intelligent regulatory transformations to ensure the stable development of the leasing industry [5].

天津市委金融委员会办公室近日印发《天津市建设国际一流国家租赁创新示范区更好服务实体经济高质 量发展实施方案（2026-2030年）》。实施方案提出，力争到2030年末，全市租赁公司资产规模达到2.8 万亿元，飞机、船舶、出口离岸和绿色租赁比较优势持续巩固，累计完成3000架飞机租赁业务、1600艘 船舶租赁业务，绿色租赁资产超过6500亿元，拓宽租赁新赛道，推动算力租赁等新质生产力设备租赁业 务初具规模，全面提升租赁行业发展水平和在经济社会发展中的贡献度，全力推动建设国际一流国家租 赁创新示范区，促进天津市租赁行业高质量发展。 天津市建设国际一流国家租赁创新示范区更好服务实体经济高质量发展实施方案（2026-2030年） 为深入贯彻习近平总书记关于做好金融工作的系列重要讲话精神，认真落实习近平总书记视察天津重要 讲话精神和对天津工作一系列重要指示要求，进一步发挥融资租赁服务实体经济作用，高水平建设国际 一流国家租赁创新示范区，促进我市租赁行业高质量发展，以金融之为，更好服务实体经济，根据《关 于金融支持天津高质量发展的意见》、《建设国际一流国家租赁创新示范区促进行业高质量发展行动计 划》等文件精神，结合实际制 ...

人民财讯11月18日电，《天津市建设国际一流国家租赁创新示范区更好服务实体经济高质量发展实施方 案(2026—2030年)》近日印发，其中提出，力争到2030年末，全市租赁公司资产规模达到2.8万亿元，飞 机、船舶、出口离岸和绿色租赁比较优势持续巩固，累计完成3000架飞机租赁业务、1600艘船舶租赁业 务，绿色租赁资产超过6500亿元，拓宽租赁新赛道，推动算力租赁等新质生产力设备租赁业务初具规 模，全面提升租赁行业发展水平和在经济社会发展中的贡献度，全力推动建设国际一流国家租赁创新示 范区，促进我市租赁行业高质量发展。 ...

Core Insights - The leasing industry is expected to benefit from a low interest rate environment, which may drive corporate capital expenditure cycles upward, making it an attractive high dividend strategy [1] - The leasing sector has shown resilience against economic cycles, with stable revenue and profit growth, and a focus on high-quality, undervalued stocks [1][2] Industry Overview - The leasing industry has undergone five cycles since 2005, closely tied to capital expenditure cycles and interest rates, with a notable recovery expected in the coming years [9][10] - The leasing sector's revenue and profit have shown steady growth, with a 9.5% year-on-year increase in operating income and a 9.1% increase in net profit for 2024 [14][18] - Policy support and the "Two Heavy, Two New" initiative are expected to catalyze further growth in the leasing market [18] Industry Characteristics - The leasing industry has a broad investment scope, focusing on heavy assets and high capital expenditure sectors, with a significant portion of credit extended to small and medium enterprises [2][30] - The asset side of leasing companies is increasingly focused on high-growth industries, while the liability side benefits from diversified financing channels [2][30] Investment Value - Leasing companies are characterized by high profitability and low financial leverage, with dividend rates surpassing those of traditional banks since 2020 [2][3] - The leasing sector is positioned as a new focal point for high dividend strategies, with a growing emphasis on asset quality and profitability [3][27] Key Companies - Three main areas of focus include: 1. Aircraft and ship leasing companies, which are expected to benefit from a high demand cycle [3][39] 2. Companies focusing on leasing for small and medium enterprises, such as Jiangsu Jinzhong, which has a unique vendor leasing model [3][2] 3. Traditional leasing companies transitioning to emerging industries, like Yuexiu Capital, which is expanding into renewable energy [3][2] Recommendations - Investment suggestions include Jiangsu Jinzhong and Far East Horizon in financial leasing, and China Aircraft Leasing and China Ship Leasing in specialized equipment leasing [3][3]

Core Insights - The Guangdong branch of the State Administration of Foreign Exchange has successfully processed the first pilot business for shared foreign debt quotas between parent and subsidiary companies in financing leasing, marking a new avenue for cross-border financing for leasing companies in Guangdong [1][3] Group 1: Policy and Innovation - The rapid development of China's financing leasing industry has led to the establishment of Special Purpose Vehicle (SPV) subsidiaries for leasing large equipment, but these subsidiaries often face challenges in obtaining sufficient foreign debt quotas due to net asset limitations [3] - To address the financing difficulties faced by SPV subsidiaries, the Guangdong branch of the State Administration of Foreign Exchange introduced a pilot policy allowing eligible leasing companies to share foreign debt quotas with their SPV subsidiaries, thereby broadening financing channels and enhancing financing capabilities [3][4] Group 2: Efficiency and Speed - The Guangdong branch of the State Administration of Foreign Exchange provided timely support to Southern Airlines International Leasing Company, enabling them to successfully borrow $165 million in foreign debt within just two business days [4][5] - The branch optimized the business processing workflow through proactive communication and expedited procedures, ensuring efficient handling of shared foreign debt quotas and foreign debt registration for the company and its SPV subsidiaries [4] Group 3: Economic Empowerment - The pilot business allows the two SPV subsidiaries of Southern Airlines International Leasing Company to increase their foreign debt quota from a combined 5 million RMB to nearly 2.5 billion RMB, significantly alleviating liquidity pressures and facilitating better fund management [4][5] - This initiative supports the aviation industry by enabling more flexible and convenient use of cross-border funds, meeting the demands for aircraft leasing and second-hand material purchases, thus strengthening the integration of the aviation supply chain [5] Group 4: Industry Development - The Nansha area has become a hub for aircraft leasing, with over 120 registered SPV companies and a cumulative delivery of 311 aircraft, leading to an asset scale exceeding 100 billion RMB [6] - Nansha has achieved significant breakthroughs in innovative business models, including the first national asset package cross-border transfer and the first offshore leasing in Guangdong, promoting the growth of the aircraft leasing industry [6]

Core Viewpoint - Longyuan New Energy (Yancheng Dafeng) Co., Ltd. has been established with a registered capital of 100 million yuan, focusing on wind power and solar power technology services, among other activities [1] Company Summary - Longyuan New Energy is a new entity formed with a registered capital of 100 million yuan [1] - The company’s business scope includes wind power technology services, solar power technology services, ship leasing, and photovoltaic equipment leasing [1] - The company is jointly held by Longyuan Power (001289) and other stakeholders [1]

Core Viewpoint - Dalian Changgang Tugboat Service Co., Ltd. has been established with a registered capital of 50 million RMB, focusing on domestic ship management, ship repair, and port operations [1] Company Information - The legal representative of Dalian Changgang Tugboat Service Co., Ltd. is Leng Bingshu, and the company was founded on September 17, 2025 [2] - The company is registered under the unified social credit code 91210202MAEUFY1869 and is classified as a limited liability company in the water transportation industry [2] - The business scope includes domestic ship management, ship repair, and port operations, along with other services such as ship towing, ship leasing, and labor services [2] Shareholder Structure - The company is jointly owned by three shareholders: Liaoning Port Co., Ltd. (40% stake), Dalian Hengsheng International Shipping Co., Ltd. (30% stake), and COSCO Shipping Logistics Supply Chain Co., Ltd. (30% stake) [2]

Group 1 - A new company, Dalian Changgang Tugboat Service Co., Ltd., has been established with a registered capital of 50 million yuan [1] - The company's business scope includes tugboat services, port services, ship leasing, and transportation equipment leasing services [1] - The company is jointly held by Liaogang Co., Ltd. and COSCO Shipping Logistics Supply Chain Co., Ltd. [1]

Group 1 - The core viewpoint of the report indicates that the financial leasing industry in China is experiencing significant growth in both total assets and leasing asset balances, projected to reach 4.58 trillion yuan and 4.38 trillion yuan respectively by the end of 2024, with year-on-year growth rates of 9.56% and 10.24% [1] - The profitability of financial leasing companies has notably improved, with total profits expected to reach 76.244 billion yuan in 2024, reflecting a year-on-year increase of 13.36%, and net profits projected at 58.276 billion yuan, up 13.79% year-on-year [1] - Financial leasing companies are actively supporting national strategies and economic development, with aircraft and shipping businesses becoming key pillars; by the end of 2024, these companies are expected to be the largest holders of domestic aircraft orders, and domestic ships will account for the majority of new ship orders [1]