Finance Leases Current Situation And Development Trend

Modern leasing industry began after the Second World War. Its identifier is the first finance-leasing company-American Finance-leasing Company in world, which was established by American person H. Xusfield on May 1952. The leasing industry took into a new developing stage with financial feature and capital and material combinations since that time. The development of leasing industry has deep history background. It is the result of modification of science and technology, the product of increasing of market competition and the creative tool of bank capital and business capital combinations.Leasing refers to a kind of business or performance that the lessor provides his leasing properties to the tenant for using and the tenant pay rent to the lessor, then the tenant returns the original leasing properties to the lessor at the end of their leasing relationship. The leasing contract is a contract for said business or performance. Its essential characteristic is to divide the ownership and use rights of properties and let the owner obtains profit.The reason why finance-leasing industry is capable of constant booming globally is its unique superiority possessed by itself, which is either essential or inherent. In comparison with traditional financing manners such as bank credit, finance-leasing industry is characterized by definite fund purpose, simple guarantee, convenience and flexibility. Developing finance-leasing industry is of important economic significance. Additionally, western developed countries erected preferential policies for supporting the development of finance-leasing industry, which is the external cause for high-speed development of finance-leasing industry. The successful experience has been acknowledged worldwide fully and attracted great attention from vast developing countries and aroused their high interesting in learning this. Under our country's current economic system and micro-environment, how to fully practice the unique function of finance-leasing industry in our national economy, how to use it for reference and summarize the successful experience and failure lessons both at home and abroad is necessary for seeking a healthy developing road for finance-leasing industry with Chinese characters.