ICBC Financial Leasing Co., Ltd.
Established in November 2007, ICBC Financial Leasing Co., Ltd. is the first financial leasing company established by a bank as a pilot project determined by the State Council and approved by the former China Banking Regulatory Commission. It is a wholly-owned subsidiary of Industrial and Commercial Bank of China, and has a registered capital of RMB 18 billion. The Company is mainly engaged in financial leasing of large-scale equipment in key areas such as aviation, shipping, energy and power, rail transit, and equipment manufacturing, providing many financial and industrial services such as equipment leasing, leased asset transfer, investment funds, investment asset securitization, asset trading, asset management, and so on.
During the more than ten years since its establishment, the Company has been always in a leading position in China in the aspects of asset scale, innovation capability and market leadership. Now it has the highest credit rating among global leasing companies. Up to the end of 2019, the Company’s balance of leased assets exceeded RMB 320 billion, and its net profit in the whole year of 2019 exceeded RMB 3.5 billion.
