8月5日，由前海金融发展局与宝安区发展和改革局联合主办的"聚焦实体产业 赋能制造业高质量发展——前海融资租赁企业走进宝安制造业园区"活动成功 举行。前海融资租赁企业与数十家宝安区制造业企业进行面对面交流，精准对接实体需求，探讨融资租赁赋能实体产业的合作路径。 活动现场，前海金融发展局详细介绍了前海融资租赁产业政策，助力融资租赁企业扎根前海服务实体；融资租赁企业代表为参会的高端装备及新材料等制造 业企业重点介绍了融资租赁在服务企业设备更新、产能升级等方面的优势作用，并结合具体案例详细讲解业务实操要点。交流环节中，各参会企业就拓宽融 资渠道、加速转型升级等方面展开深入探讨。 在实地调研参观环节，融资租赁企业代表来到宝安区华丰制造业园区，园区企业就生产线自动化升级、原材料设备更新等方面提出融资需求，并与融资租赁 企业进行现场交流对接。制造业企业表示对此次产融对接活动高度认可，期待与前海融资租赁企业开展更深层次的交流合作。 前海作为深港合作的重大战略平台，在金融业对外开放、深港金融互联互通等领域形成了独特优势，为融资租赁企业提供了广阔的发展空间和政策支持，构 建了国际化的融资租赁发展生态圈。近年来，前海高标准打造融资 ...

Core Viewpoint - The article discusses the accounting treatment for lessees involved in financing lease agreements, emphasizing the application of the new leasing standards under the Enterprise Accounting Standards. Group 1: Initial Recognition - At the lease commencement date, the lessee must recognize "right-of-use assets" and "lease liabilities" [1] - The initial entries include recognizing deferred tax assets and liabilities based on the initial amounts of lease liabilities and right-of-use assets [1] Group 2: Lease Payments - Lease payments involve debiting lease liabilities and recognizing VAT payable, while crediting bank deposits [1] - The accounting treatment for depreciation of right-of-use assets is also outlined, with expenses categorized based on usage [1] Group 3: Financial Costs and Adjustments - During the lease term, financial costs are allocated based on the effective interest rate, impacting lease liabilities [3] - Year-end adjustments for deferred tax balances are necessary, affecting both deferred tax liabilities and assets [3] Group 4: End of Lease Transactions - Upon lease expiration, if the lessee opts to purchase the leased asset, the payment is recorded similarly to lease payments [3] - The transfer of the asset from "right-of-use" to fixed assets is required, along with the corresponding accumulated depreciation [3]

Industry Overview - The financing leasing industry is defined as a non-bank financial form where the lessor purchases the selected leased object from a third party at the request of the lessee and enters into a lease contract to rent it to the lessee for a fee [1] - Financing leasing can be categorized based on the nature of the enterprise into financial leasing, domestic leasing, and foreign leasing [2] Industry Chain Analysis - The industry chain involves three main parties: suppliers, lessors, and lessees. The upstream includes suppliers and banks providing financial support, the midstream consists of financing leasing companies, and the downstream lessees are primarily in sectors like aviation, construction, printing, medical, and automotive leasing [3] Industry Development History - The financing leasing business in China began around 1980, transitioning through various phases including initial growth, adjustment, and regulation. From 2011 to 2017, the industry experienced rapid growth, but since 2018, the number of enterprises has stabilized, and the total balance of leasing contracts has slightly declined, indicating a period of adjustment [7] Policy Background - The National Financial Regulatory Administration is the main regulatory body overseeing the financing leasing industry, responsible for formulating and implementing operational and regulatory rules. Recent government policies have focused on supporting green financing, equipment financing, and financing for small and medium-sized enterprises [10][12] Current Industry Status - The total balance of financing leasing contracts has been declining since 2019, with an estimated balance of approximately 54,600 billion RMB by the end of 2024, reflecting a decrease of about 1,800 billion RMB or 3.2% from 2023 [13] - Financial leasing continues to dominate the market, accounting for 43.0% of the total contract balance, while domestic leasing holds 35.5% and foreign leasing 17.3% as of mid-2024 [14] - The number of financing leasing enterprises is approximately 8,671, showing a stable trend overall [16] - Foreign leasing enterprises remain a significant force, but their proportion has slightly decreased, with domestic leasing enterprises increasing from 2.86% in 2016 to 5.19% by mid-2024 [17] Market Scale and Competition - The financing leasing market in China has shown stable demand, with a projected scale exceeding 30 trillion RMB in 2024. Major players include companies like Far East Horizon, China Merchants Jinling, and Industrial Bank Leasing [25] - The competitive landscape is characterized by a multi-tiered structure, with high-end markets predominantly led by international brands [21] Future Development Trends - The financing leasing industry is expected to evolve towards greater standardization, greening, digitization, and concentration, adapting to policy and market changes to promote sustainable growth [27][28] - Despite a slowdown in overall development since 2024, the market demand remains stable, with an anticipated annual growth rate of around 5% over the next six years [31]

Core Viewpoint - The financing lease model, which integrates trade, credit, financing, and asset utilization, has been developing in China for over 30 years, providing benefits to both lessors and lessees, but it faces challenges such as increased disputes and lessee defaults, particularly in rent arrears and unauthorized disposal of leased assets [1] Group 1: Lessee Default and Lessor Remedies - Lessor's remedy for lessee default includes requesting full payment of overdue rent, with the right to demand all unpaid rent if the lessee fails to pay within a reasonable period after notice [2] - The core remedy for lessor in case of lessee default is to terminate the contract and reclaim the leased asset, which requires sending a termination notice to the lessee [3] - Lessor's priority right to compensation from the value of leased assets is a crucial mechanism for debt recovery, allowing them to claim proceeds from the sale of leased assets to cover unpaid rent and other fees [5][6] Group 2: Special Circumstances and Lessor Strategies - Non-rent defaults, such as unauthorized disposal or improper use of leased assets, can also occur, and if deemed a fundamental breach, the lessor may accelerate rent payment or terminate the contract [7] - In cases where the lessee faces other debt disputes, the risk of forced execution on leased assets exists, and the lessor's ability to prevent this largely depends on whether proper registration has been completed [8] Group 3: Judicial Considerations in Lessee Default - In judicial practice regarding financing lease disputes, the focus should be on whether the lessor's claims align with the principle of "one choice exercise," avoiding double recovery [9] - The court should assess whether the lessee's actions constitute a fundamental breach, particularly in cases where the lessee has made substantial rent payments or provided alternative guarantees [10]