CHINA HUARONG FINANCIAL LEASING CO.,LTD.
China Huarong Financial Leasing Co., Ltd. is a financial institution approved by China Banking Regulatory Commission to run financial leasing business. We are one of the first financial leasing companies in China and have become one of the most famous brands in China’s financial leasing industry. The former body of Huarong Financial Leasing is Zhejiang Leasing Co., Ltd., which was founded and acquired License for Operation of Financial Business in 1986. It was restructured to Zhejiang Financial Leasing Co., Ltd. in 2001 and acquired by China Huarong Asset Management Corporation, the biggest state-owned financial company, in 2006. We are based in Hangzhou, Zhejiang Province and have branches in Ningbo and Jinhua and a wholly-owned subsidiary China Huarong Shipping Financial Leasing Company Limited in Shanghai Free Trade Zone.
China Huarong Financial Leasing mainly provides customized financial solutions through equipment-based financial leasing business. Our main business includes sale and leaseback, direct lease and operating lease. In the recent thirty years, supported by all circles of society, we have based in Zhejiang province and faced the entire country to provide financial leasing service to more than 5,700 companies by taking advantage of the strengths of financial lease such as borrowing fund and materials, promoting technology progress and industrial upgrade, which helped real economy, livelihood projects, promoted green lease and supported marine economy. We have accomplished leasing deals of over CNY 220 billion since 2006. Our business covers 31 provinces, regions and cities around China. We have made active contributions to the economic and social development. By the end of 2015, our total assets were CNY 83,698,000,000 and net assets CNY 10,099,000,000. A number of indices were in the front of that in the financial leasing industry in China.