Requirements for sponsors of financial leasing companies

Financial leasing company promoter’s

Require

Financial leasing company promoter’s

Require

1. Commercial banks with independent legal personality registered in and outside China，The following conditions should be met：
2. The capital adequacy ratio complies with the financial regulatory authority in the place of registration

Require

and no less than 8；

1. Assets at the end of the past year shall not be less than RMB 80 billion or equivalent in freely convertible currency；
2. Profitable for the past 2 consecutive years；
3. Comply with the laws and regulations of the place of registration，No major cases or major violations of laws or regulations have occurred in the past 2 years；
4. Have a good corporate governance structure、Internal control mechanism and sound risk management system；
5. Other prudential conditions specified by the China Banking Regulatory Commission。
6. Leasing companies registered in and outside China，The following conditions should also be met：
7. Assets at the end of the past year shall not be less than 10 billion yuan or equivalent in freely convertible currency；
8. Profitable for the past 2 consecutive years；
9. Comply with the laws and regulations of the place of registration，No major cases or major violations of laws or regulations have occurred in the past 2 years。
10. Registered in China、A large enterprise whose main business is manufacturing products suitable for financial leasing transactions，The following conditions should also be met：
11. The operating income in the past year is no less than RMB 5 billion or its equivalent in freely convertible currency.；
12. Profitable for the past 2 consecutive years；
13. The net asset ratio at the end of the past year is not less than 30；
14. Main business sales revenue accounts for more than 80% of total operating revenue；
15. Good credit history；
16. Comply with the laws and regulations of the place of registration，No major cases or major violations of laws or regulations have occurred in the past 2 years。

For promoters of financial leasing companies

Require

1. Commercial banks with independent legal personality registered in and outside China，The following conditions should be met：
2. The capital adequacy ratio complies with the financial regulatory authority in the place of registration

Require

and no less than 8；

1. Assets at the end of the past year shall not be less than RMB 80 billion or equivalent in freely convertible currency；
2. Profitable for the past 2 consecutive years；
3. Comply with the laws and regulations of the place of registration，No major cases or major violations of laws or regulations have occurred in the past 2 years；
4. Have a good corporate governance structure、Internal control mechanism and sound risk management system；
5. Other prudential conditions specified by the China Banking Regulatory Commission。
6. Leasing companies registered in and outside China，The following conditions should also be met：
7. Assets at the end of the past year shall not be less than 10 billion yuan or equivalent in freely convertible currency；
8. Profitable for the past 2 consecutive years；
9. Comply with the laws and regulations of the place of registration，No major cases or major violations of laws or regulations have occurred in the past 2 years。
10. Registered in China、A large enterprise whose main business is manufacturing products suitable for financial leasing transactions，The following conditions should also be met：
11. The operating income in the past year is no less than RMB 5 billion or its equivalent in freely convertible currency.；
12. Profitable for the past 2 consecutive years；
13. The net asset ratio at the end of the past year is not less than 30；
14. Main business sales revenue accounts for more than 80% of total operating revenue；
15. Good credit history；
16. Comply with the laws and regulations of the place of registration，No major cases or major violations of laws or regulations have occurred in the past 2 years。

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