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Leasing in China: An Overview

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  • Yanping Shi
  • Xiaolan Xu

Abstract

While it might have already been mature in developed economies, the leasing industry is still emerging and rising in China. The Chinese leasing market witnessed a double-digit growth in the last decade and still has potential to sustain this rapid growth in the next decade or beyond. This article aims to provide an overview of this ever-growing Chinese market, covering the leasing history, the importance to the Chinese economy and its on-going economic transition, and a comprehensive introduction to the recent market structure, performance, and legal infrastructures of the leasing industry. It is our view that although it has experienced a dramatic growth period, the Chinese leasing market still has a huge potential in that its market penetration ratio is still at a very low level, less than 5%. The article ends with a discussion of the opportunities and challenges for this market. Despite these challenges, the Chinese leasing industry is stepping into its golden era, as encouraged by the Chinese governments at both central and provincial level, to an unprecedented extent, together with the establishment of a corporate credit information system.

Suggested Citation

  • Yanping Shi & Xiaolan Xu, 2015. "Leasing in China: An Overview," Chinese Economy, Taylor & Francis Journals, vol. 48(5), pages 312-329, September.
    • Handle: RePEc:mes:chinec:v:48:y:2015:i:5:p:312-329
    DOI: 10.1080/10971475.2015.1067083
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    Cited by:

    1. Yang, Liuyong & Wang, Rui & Chen, Zhenyi & Luo, Xingguo, 2020. "What determines the issue price of lease asset-backed securities in China?," International Review of Financial Analysis, Elsevier, vol. 72(C).
    2. Wang, Wei & Feng, Lipan & Li, Yongjian & Xu, Fangchao & Deng, Qianzhou, 2020. "Role of financial leasing in a capital-constrained service supply chain," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 143(C).
    3. Xin Feng & Yinfeng Xu & Guanqun Ni & Yongwu Dai, 2018. "Online leasing problem with price fluctuations under the consumer price index," Journal of Combinatorial Optimization, Springer, vol. 36(2), pages 493-507, August.
    4. Xin Feng & Chengbin Chu, 2022. "Online leasing problem with price fluctuations and the second-hand transaction," Journal of Combinatorial Optimization, Springer, vol. 43(5), pages 1280-1297, July.
    5. Munir, Qaiser & Kok, Sook Ching & Teplova, Tamara & Li, Tongxia, 2017. "Powerful CEOs, debt financing, and leasing in Chinese SMEs: Evidence from threshold model," The North American Journal of Economics and Finance, Elsevier, vol. 42(C), pages 487-503.

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