Port communication58th of the month，The Ministry of Commerce issued the "Notice of the General Office of the Ministry of Commerce on Carrying out Risk Investigation in the Financial Leasing Industry"，notify
Require
provinces、autonomous region、municipality、Cities under separate planning will conduct risk inspections on the financial leasing industry from May 2 to June 30。In the context of overall risk sorting and investigation in the financial industry，The regulatory upgrade in the financial leasing industry is not unexpected。
Just this incident，We might as well understand what financial leasing is，How is the business model?，Where are the risks? Basic concept: Financial leasing is a type of leasing，so-called leasing，To put it simply, the lessor hands over something he owns to the lessee for use.，and charge a certain amount of rent
cost
。Typical is house rental，does not transfer ownership，Just transfer the right to use it for a certain period of time。
in leasing behavior，If most of the rights in the leased property are substantially transferred to the lessee，It becomes a financial lease。For example, when you are renting a house，A house worth 1 million，The landlord makes an agreement with you，Lease to you for 30 years，30after the year，You only need to pay another 100,000 yuan，The house is yours，In this case，Essentially, the landlord has made a property mortgage financing with you.，It is a financing behavior，then，That’s why it’s called finance lease。
certainly，In the actual business process of financial leasing，Ownership does not necessarily transfer，The reason why it is not transferred，It's because after the lease expires，The rental property has no value anymore。certainly，not a house，Typically machinery and equipment。for example，The lessee leases an equipment to you for 30 years，30after the year，The equipment remains the property of the lessee，But it’s no longer valuable，Even just a pile of scrap metal。
At this time，There is no fundamental difference whether ownership is transferred or not，so，Still called finance lease。in practice，such as ships、Agricultural machinery、medical device、Large equipment such as aircraft generally adopt the financial leasing model，in business substance，It’s the same as everyone else’s mortgage to buy a house.。
Take aircraft leasing as an example，The airline can't afford that kind of money to buy the plane in full.，You can rent an aircraft from a specialized aviation leasing company，For example, rent it for decades，until the aircraft is scrapped。Just as buying a house with a mortgage can greatly promote the development of the real estate industry，Vigorously develop financial leasing of large-scale production equipment，It can also promote the development of manufacturing industry，Solve the problem of insufficient funds for manufacturing enterprises to purchase equipment in the early stage。
so，In terms of policy，For financial leasing，Basically, it’s all about encouragement.。my country’s financial leasing companies were established around 1980，Since 2007，The scale of the industry begins to grow exponentially。As of the end of 2025，The total number of financial leasing companies nationwide is approximately 7,120。
"Two types and three types" of institutions and supervision separate domestic financial leasing institutions，Based on different approval and regulatory agencies，Can be divided into "two types and three types of institutions"，Although the business essence is similar，but are governed by different regulatory rules，Arisa Arimatsu，Regulatory arbitrage problems arise due to regulatory fragmentation。The first category is financial leasing companies，Established with approval from the China Banking Regulatory Commission，Qualified as a non-bank financial institution，Be regulated as a financial institution，Regulatory rules are stricter。
The second category is financial leasing companies，Qualified as a non-financial institution。Financial leasing companies are further divided into two types: domestic capital and foreign capital.，in，Domestic pilot financial leasing companies are established with approval from the Ministry of Commerce and the State Administration of Taxation.，Regulation is relatively loose；Foreign-invested financial leasing companies are subject to approval by the Ministry of Commerce and provincial commerce authorities based on the size of their registered capital.、supervision，Regulation is relaxed。
As far as these three institutions are concerned，Although financial leasing companies are strictly regulated，But it can be borrowed through the interbank market、Raise funds by absorbing time deposits of more than 3 months (inclusive) from non-bank shareholders, etc.，Can enjoy the dividends from financing channels。Regulation of foreign-invested financial leasing companies is relatively loose，In terms of overseas borrowing, it is more convenient than domestic leasing companies and financial leasing companies.，Allowed debt leverage is also higher。
Domestic financial leasing companies, on the other hand, do not have the same preferential treatment as domestic financing leasing companies.，There is also no convenience for foreign financial leasing companies in overseas financing.，at a competitive disadvantage。Ever since，Everyone is competing to set up foreign financial leasing companies。Among the 7,120 financial leasing institutions as of the end of 2025，6,857 foreign-funded leasing agencies，204 domestic financial leasing companies，59 financial leasing companies。
but，Since the shareholders of financial leasing companies are usually banks，Therefore, although the number of institutions is limited，But it is the one with the largest business volume among the three types of institutions.。
According to calculations by China Leasing Alliance and Tianjin Binhai Financial Leasing Research Institute，By the end of 2025，The balance of financial leasing contracts nationwide is approximately 5.33 trillion yuan，Financial leasing is about 2.04 trillion yuan，Accounting for 38.3%；Domestic leasing is approximately 1.62 trillion yuan，Accounting for 30.4%；Foreign leasing is approximately 1.67 trillion yuan，Accounting for 31.3%。
Business model evolution and risk accumulation in the development process of financial leasing business，In addition to direct leasing business，It also developed a sale and leaseback business。Take a house as an example，The owner sells the house directly to you，Then
Require
You rent the house to him for another 30 years。For landlords，Get the full payment for the sale of your house in one lump sum，It also locked in the right of residence for the next 30 years.，Essentially it is a financing function。
Go back to the business，It means that enterprises sell expensive equipment purchased by themselves to financial leasing companies.，Then rent it back，Lease for 20 years，One-time recovery of equipment payment，It does not delay the use of equipment for normal production.，It is a typical financing behavior。then，in practice，No matter what type of financial leasing company，Sales and leaseback businesses have begun to dominate。
In the sale and leaseback business，A leasing company functions more like a lending institution，Financial leasing is also more like a financing business。in fact，in practice，Many financial leasing institutions have also become lending institutions in disguise.。Since it has essentially evolved into a type of lending institution，In the context of overall risk prevention in the financial industry，Naturally, they must also undergo unified risk investigation and rectification.，This is the background for the Ministry of Commerce to issue regulatory opinions。
Understood the above knowledge，I believe you should read the relevant documents or news reports on financial leasing supervision.，There will no longer be any barriers to understanding。If you still have any questions，Welcome to leave a message
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