Financing Lease Registration System And China 's Choice

Characterized as financial leasing and assets leasing, finance lease transactions involve two legal relations and three parties. Such transactions have been widely used and led to many energetic discussions. Promulgated separately in 2014 and 2016,Interpretations of the Supreme People’s Court on Issues Concerning Laws Applicable to Hearing Cases Involving Disputes over Finance Lease Contracts and Interpretation of the Supreme People’s Court on Several Issues Concerning the Application of the Property Law of the People’s Republic of China(I) have provided significant guide for this paper and been proved to be solid basis of the construction of the registration system.Starting by bringing up the issue of necessity of finance lease registration system,this paper discussed the following questions: what assets can be financially leased?What has been discussed by previous papers? What registration system should be constructed and how does it work within the current legal system? The necessity and special effect of the registration system has been discussed. Although there is difference between financial lease and chattel security, the registration system of the latte has proved that it could be used for reference which is regulated by the ninth chapter of Uniform Commercial Code of the United States The third part of this paper proposed the registration system of financial lease in China and discussed the subject of registration and the procedure in detail.