Financial leasing, also known as equipment leasing or modern leasing, means that the lessor buys the leased property from the supplier and rents it to the lessee according to the specific requirements of the lessee and the choice of the supplier. The lessee pays the rent to the lessor by installments. During the lease period, the ownership of the leased property belongs to the lessor, and the lessee has the right to use the leased property.
After the lease term expires, the rent has been paid, and the lessee has fulfilled all the obligations as stipulated in the financial lease contract, if the ownership of the leased property is not agreed or clearly agreed, it can be supplemented by agreement.
If a supplementary agreement cannot be reached, it shall be determined in accordance with the relevant provisions of the contract or trading habits. If it is still uncertain, the ownership of the leased property belongs to the lessor.
Financial leasing companies should be positioned as asset management institutions serving finance, trade and industry. It is a service with more technical services in service trade.
Although it also involves funds, the main line is to serve investors, rather than the venture capital business in which all its own funds are occupied and locked in the project. Therefore, the leasing company is neither a bank nor a loan company, nor an investment company, but a knowledge service technology company.
The bond investment business of financial leasing companies is to provide financing services for lessees, which has the nature of financial services. However, it is not necessarily financial institutions that provide financial services.
Whether the financial leasing company itself is a financial institution depends entirely on the background of shareholders and the business scope obtained by the company in accordance with the relevant laws and regulations of market access standards.
If its shareholder background is financial institutions such as banks, insurance, trusts, securities, etc. and reaches a certain shareholding ratio, or the company is established according to the laws and regulations on market access promulgated by the competent financial department, and can engage in other financial businesses such as deposit absorption, loans, interbank borrowing, etc. in addition to the financial leasing business, the financial leasing company is an investment management institution with the nature of a financial institution.
If its shareholder background is a financial leasing company established by a manufacturer or a general industrial and commercial enterprise or a non-financial investment institution, and the business scope of the enterprise does not involve other financial businesses such as deposit taking, then this financial leasing company obviously should not be defined as a financial institution.