1月9日，江苏金租盘中上涨2.10%，截至13:19，报6.33元/股，成交2.03亿元，换手率0.57%，总市值 366.63亿元。 资金流向方面，主力资金净流入138.05万元，特大单买入3004.73万元，占比14.80%，卖出2600.86万 元，占比12.81%；大单买入4675.21万元，占比23.03%，卖出4941.04万元，占比24.34%。 江苏金租今年以来股价涨3.43%，近5个交易日涨3.43%，近20日涨6.21%，近60日涨12.04%。 资料显示，江苏金融租赁股份有限公司位于江苏省南京市建邺区嘉陵江东街99号金融城1号楼8-9、11- 19、25-33层，成立日期1988年4月23日，上市日期2018年3月1日，公司主营业务涉及融资租赁业务。主 营业务收入构成为：基础设施21.29%，交通运输20.28%，能源环保19.20%，医疗教育9.81%，工业装备 6.96%，公用事业6.46%，文化旅游4.69%，农业机械4.61%，工程机械4.07%，信息科技2.60%，其他 0.02%。 江苏金租所属申万行业为：非银金融-多元金融-租赁。所属概念板块包括：融资租赁、低价、价值成 长 ...

Core Viewpoint - Zhengzhou Coal Electricity Co., Ltd. plans to engage in financing leasing business with Anhui Jiang Financial Leasing Co., Ltd. through a sale and leaseback method to enhance asset liquidity and operational capacity [1] Financing Leasing Overview - The company intends to use part of its equipment assets for the sale and leaseback financing leasing business with a financing amount not exceeding RMB 100 million (including 100 million) and a financing term not exceeding 24 months [1][3] Counterparty Information - Anhui Jiang Financial Leasing Co., Ltd. has a registered capital of RMB 390 million and was established on December 31, 2011, with a business scope that includes financing leasing, asset transfer, and economic consulting [2][3] Transaction Details - The leasing subject includes the company's relevant assets, categorized as fixed assets, with no significant disputes or legal issues affecting ownership [2][3] - The specific terms of the lease, including rent, payment methods, interest rates, and buyout prices, will be determined in the final signed financing lease contract [3] Impact on the Company - The financing lease sale and leaseback business will help activate existing assets, broaden financing channels, and meet the company's funding needs, promoting sustainable and healthy development [4] - This financing lease will not affect the company's normal use of the leased assets, does not involve related party transactions, and will not significantly impact the company's production operations or financial status [4]

专家表示，《办法》加强对与租赁物相关业务的管理要求，旨在树立鲜明导向，引导金融租赁公司紧紧 围绕企业设备资产需求，贴近产业、服务产业、深耕产业，逐步形成产业特色突出的金融服务模式。 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。 中国社会科学院金融研究所银行研究室主任李广子认为，融资租赁将融资和融物有机结合，能够有效缓 解资金供求双方的信息不对称，降低金融风险；同时，通过将融资和融物相结合，融资租赁能够确保金 融服务融入生产经营真实场景，防止资金在金融体系空转，提高服务实体经济效率。 近期，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》有利于引导金融租赁公司发挥"融资+融物"独特功能，专注主业，做精 ...

近期，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》。《办法》有利于引导金融 租赁公司发挥"融资+融物"独特功能，专注主业，做精专业，更好服务国家战略，支持实体经济高质量 发展。 《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、监督管理和附则。金融租赁公司开展的融资租赁业务可以分为直接租赁业务和售后回 租业务。《办法》聚焦金融租赁公司融资租赁业务的特色功能，强调以租赁物为核心，以直接租赁业务 的流程及其管理要求为主线，兼顾售后回租、经营性租赁等其他业务特征，分别作出相应规定。 比如，《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。 专家表示，《办法》加强对与租赁物相关业务的管理要求，旨在树立鲜明导向，引导金融租赁公司紧紧 围绕企业设备资产需求，贴近产业、服务产业 ...

三、政策内容解析 00301058700_7ff9fbd9 一、引言 近日，国家金融监督管理总局正式发布《金融租赁公司融资租赁业务管理办法》，将于2026年1月1日起 施行。作为我国金融租赁行业首部针对融资租赁业务全流程的系统性、专门性监管规章，该《办法》旨 在全面规范业务经营行为，引导金融租赁公司回归"融资"与"融物"相结合的业务本源。这不仅是对过往 监管经验与市场实践的深度总结，更是推动金融租赁行业摒弃"类信贷"路径依赖、重塑专业化核心竞争 力、更好服务实体经济高质量发展的纲领性文件，标志着我国金融租赁行业监管进入"精细化、差异 化、功能化"的新阶段。 二、政策出台背景 金融租赁行业作为连接金融与实体经济的重要纽带，在支持企业设备更新、促进产业升级等方面发挥了 独特作用。近年来，行业规模持续扩大，业务模式日趋复杂。然而，在快速发展过程中，部分公司偏离 主业，业务呈现"重融资、轻融物"倾向，将售后回租异化为变相信贷，对租赁物的价值管理、风险缓释 功能重视不足；同时，行业内存在尽职调查流于形式、租赁物估值虚高、资金挪用监管不力、租后管理 薄弱等问题，积累了一定风险。 中央金融工作会议明确提出"金融要为经济社会 ...

天眼查App显示，近日，海尔融资租赁股份有限公司发生工商变更，注册资本由42.9亿人民币增至47.9 亿人民币。该公司成立于2013年12月，法定代表人为张磊，经营范围为融资租赁业务、租赁业务、向国 内外购买租赁财产、租赁财产的残值处理及维修、租赁交易咨询和担保、从事与主营业务有关的商业保 理业务。股东信息显示，该公司由海尔集团（青岛）金盈控股有限公司、上海海铸云聚企业管理咨询合 伙企业（有限合伙）、海尔国际有限公司共同持股。 ...

值得注意的是，《办法》虽尚未正式施行，但《中国经营报》记者注意到，12月12日，已有地方监管局 开出的一张"金租公司+业务人员"的"双罚"罚单显示，因"租赁物不适格、租赁业务'三查'不到位"，有金 租公司被罚款60万元。同时，项目负责人因租赁物不适格部分问题，被处罚款5万元。 近日，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》），将 于2026年1月1日起施行。 上述《办法》中，通篇73处提及"租赁物"，凸显了租赁物对金融租赁合规展业的重要性。 第四章"合同的订立与执行"第三十五条要求："金融租赁公司应当加强对融资租赁资金的支付管理，对 于直接租赁业务，原则上应当将融资租赁资金直接支付至出卖人账户；对于售后回租业务，应当做好资 金用途监测，承租人向某一交易对象单笔支付金额超过1000万元人民币的，金融租赁公司应当委托承租 人相关开户银行做好账户资金监管，或由金融租赁公司对承租人的提款申请材料进行审核后，委托相关 开户银行予以受托支付。" 对此，马宏表示，《办法》对于资金支付管理的要求，反映了监管既高度重视租赁物合规，也高度重视 租赁款合规，要求金融租赁从根源上"去类信贷化"， ...

Core Viewpoint - Weichai Power (02338) announced a collaboration with financing leasing companies to accelerate capital recovery and reduce operational risks through financing leasing services [1] Group 1: Financing Leasing Collaboration - Weichai Power's subsidiary, Weichai Lovol Smart Agriculture Technology Co., Ltd. (referred to as "Weichai Lovol"), will partner with Huayin Financing Leasing Co., Ltd. and Industrial and Commercial Bank of Thailand Leasing Co., Ltd. to provide financing leasing services [1] - The financing leasing companies are reputable and meet the financing conditions, ensuring no related party transactions with Weichai Power or its subsidiaries [1] Group 2: Guarantee Responsibilities - In the event of customer default during the financing leasing contract, Weichai Lovol and its subsidiaries will assume repurchase guarantee responsibilities as per the contract [1] - The maximum guarantee amount is set at RMB 4 billion, effective from January 1, 2026, to December 31, 2026 [1] Group 3: Board Meeting and Approvals - A temporary board meeting was held on December 19, 2025, where the proposal for the financing leasing business was approved [1] - The management of Weichai Lovol is authorized to sign legal documents related to the external guarantee and handle other related matters [1]

Core Viewpoint - The newly released "Management Measures for Financing Lease Business of Financial Leasing Companies" aims to strengthen compliance and regulate the financing lease business, emphasizing the importance of asset management and risk responsibility in the industry [1][2]. Group 1: Regulatory Framework - The new regulation is part of a series of measures to solidify compliance in the financial leasing industry, following the revised "Management Measures for Financial Leasing Companies" and "Regulatory Rating Measures for Financial Leasing Companies" [1]. - The regulation consists of 68 articles, with a strong focus on risk management and asset compliance, mentioning "risk" 61 times and "leased assets" 73 times throughout the document [1]. Group 2: Responsibilities and Compliance - The regulation clarifies the responsibilities of company leaders, business personnel, risk control staff, and internal audit personnel regarding asset management, highlighting the need for compliance in leasing operations [2]. - Compliance with asset suitability and legality is emphasized, with specific prohibitions against using low-value consumables or assets with ownership disputes as leased items [3]. Group 3: Asset Management - Financial leasing companies are required to ensure that leased assets meet two core criteria: clear ownership and compliance with regulatory standards [4]. - The regulation mandates thorough investigations into the specific conditions of leased assets, including their physical state, delivery status, and operational qualifications [4]. Group 4: Vendor Relationships - When collaborating with manufacturers for financing lease operations, companies must investigate the manufacturers' operational status, market reputation, and financial health [5]. - Companies are advised against blindly trusting dealers and service providers, emphasizing the need for due diligence in vendor relationships [6]. Group 5: Strategic Development - To achieve sustainable development in a competitive market, financial leasing companies must align their operations with national strategies and support high-quality economic development [6]. - The focus should be on enhancing compliance management as a core competitive advantage while maintaining a clear understanding of permissible and impermissible actions within the regulatory framework [6].

Core Points - The article outlines the management measures for financing leasing business by financial leasing companies, aiming to standardize operations, mitigate risks, and promote high-quality industry development [1][34] - It emphasizes the importance of compliance with laws and regulations, as well as the establishment of a robust internal management system [1][36] Group 1: General Principles - Financial leasing companies are defined as non-bank financial institutions primarily engaged in financing leasing business, approved by the National Financial Supervision Administration [1][34] - The financing leasing business can be categorized into direct leasing and sale-leaseback [2][35] - Companies must adhere to principles of legality, prudence, equality, and integrity in their operations [2][36] Group 2: Due Diligence - Financial leasing companies are required to establish and regularly update management policies for the admission of leasing objects and lessees based on national policies and their own risk preferences [4][7] - A due diligence system must be established to ensure the independence, authenticity, and effectiveness of investigations [4][8] - Investigations should cover the ownership and value of leasing objects, as well as the financial and credit status of lessees and guarantors [4][9] Group 3: Risk Assessment and Approval - Companies must create a review framework centered on the analysis of leasing objects and lessees, setting reasonable indicators to evaluate risks [9][18] - A credit management mechanism tailored to the characteristics of financing leasing business should be established [9][19] - The amount of financing leasing business must be determined based on due diligence results and risk assessment reports [9][20] Group 4: Contract Execution - Written contracts must be signed with lessees and sellers, detailing essential information such as leasing object details, duration, business amount, and payment methods [13][25] - Companies should ensure that the leasing period does not exceed the remaining useful life of the leasing object [13][28] - The payment frequency for rent should align with the cash flow generated by the leasing object [13][29] Group 5: Post-Lease Management - Companies are required to monitor the safety and physical condition of leasing objects through a combination of non-site monitoring and on-site inspections [17][36] - Continuous assessment of the leasing object's value and operational status is necessary to manage risks effectively [17][38] - A system for the retrieval, custody, and disposal of leasing objects should be established to enhance asset value and recovery [17][41] Group 6: Risk Management and Internal Control - Financial leasing companies must strengthen asset quality management and establish a risk classification system based on expected credit losses [21][44] - A comprehensive risk management system covering various dimensions such as clients, industries, and leasing objects should be developed [21][45] - Internal audit systems must be established to ensure compliance and address any identified issues [21][51]