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Shanghai Free Zone Moves To Launch Investment Platform

by Mary Swire, Lowtax.net, Hong Kong
25 June, 2014

The Shanghai Pilot Free Trade Zone plans to set up an international assets and equity trading platform for financial leasing companies to diversify the financial services they offer from the zone.

The platform – the first of its kind in China – will enable domestic and overseas financial leasing companies to trade property rights, and debt and equity in leased assets.

Jian Danian, deputy director of the zone's administration, said the platform will provide an open trading environment through transparent evaluation and pricing systems, and a standard trading procedure. "It's an extension of the zone's financial functions. It will help financial leasing companies improve asset management and expand fundraising channels," he said.

Yan Hao, assistant general manager of CMB Financial Leasing, said an open trading market is good for the industry as it enables companies to liquidize assets more efficiently and thus boost cash flows.

Ten financial leasing companies have so far signed agreements to list assets and equities on the platform, including HNA Capital Holding Co, International Far Eastern Leasing Co, Shanghai Guojin Leasing Co, and CMB Financial Leasing Co.

Since opening in September 2013, 225 financial leasing firms have been set up in the free zone.

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