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Update: The China Equipment Leasing Market

By Jonathan L. Fales

The 10th annual China Leasing Summit, conducted by Duxes Information and Technology PLC was held June 8-9, 2017, in Beijing. As in past years, the summit included speakers from the Chinese equipment leasing industry, government officials, academics, and officials from various Chinese leasing associations.

This year's summit differed from past ones, however, as many attendees concluded that the industry is approaching an inflection point. Equipment leasing in China is highly fragmented, and, unlike most other regions of the world, there is no single association that speaks on behalf of the industry as a whole. As the Chinese government tightly regulates leasing, it is problematic that the industry has never been able to develop a unified position on important licensing, tax, capitalization, regulatory and other requirements. This needs to change if the industry is to continue to expand, particularly among small and medium enterprises.

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