CHINA China's financial leasing sector posts steady expansion


China's financial leasing sector posts steady expansion


16:30, October 02, 2022

File photo: CGTN

BEIJING, Oct. 2 (Xinhua) -- China's financial leasing sector registered a steady expansion in 2021 despite COVID-19 shocks, a report from the China Banking Association showed.

As of the end of 2021, total assets of the country's financial leasing sector hit 3.58 trillion yuan (about 504.24 billion U.S. dollars), up 3.69 percent from a year ago, according to the report.

Products related to green development saw rapid growth last year. Data showed that the newly-added green leasing business expanded 81.75 percent year on year to 124.34 billion yuan in 2021.

The sector has also beefed up support to the real economy, with focuses put on strategic emerging and logistics sectors, according to the report.

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue