The Measures for the Administration of Financial Leasing Companies stipulates the conditions for the establishment of financial leasing companies, and the establishment of domestic financial leasing companies shall meet the following conditions: (1) Having articles of association that conform to the Company Law of People's Republic of China (PRC) and the provisions of the China Banking Regulatory Commission; (2) Having promoters who meet the prescribed conditions; (3) The registered capital is a one-time paid-in monetary capital with a minimum amount of 654.38 billion yuan or its equivalent in a freely convertible currency; (4) There are directors and senior managers who meet the post qualifications, and the number of employees who have been engaged in finance or financial leasing for more than 3 years is not less than 50% of the total number; (5) An effective corporate governance, internal control and risk management system has been established. (6) It has established an information technology framework that meets the requirements of business operation and supervision, has a necessary, secure and compliant information system to support business operation, and has technologies and measures to ensure the continuous operation of business; (7) Having business premises, safety precautions and other facilities suitable for business operation; (8) Other prudential conditions as prescribed by the CBRC. When setting up domestic financial leasing companies, we should also pay attention to the different policies of different regions and choose the appropriate regions to submit registration applications. Article 7 of the Measures for the Administration of Financial Leasing Companies To apply for the establishment of a financial leasing company, the following conditions shall be met: (1) Having articles of association that conform to the Company Law of People's Republic of China (PRC) and the provisions of the China Banking Regulatory Commission; (2) Having promoters who meet the prescribed conditions; (3) The registered capital is a one-time paid-in monetary capital with a minimum amount of 654.38 billion yuan or its equivalent in a freely convertible currency; (4) There are directors and senior managers who meet the post qualifications, and the number of employees who have been engaged in finance or financial leasing for more than 3 years is not less than 50% of the total number; (5) An effective corporate governance, internal control and risk management system has been established. (6) It has established an information technology framework that meets the requirements of business operation and supervision, has a necessary, secure and compliant information system to support business operation, and has technologies and measures to ensure the continuous operation of business; (7) Having business premises, safety precautions and other facilities suitable for business operation; (8) Other prudential conditions as prescribed by the CBRC. Article 8 The promoters of financial leasing companies include commercial banks with independent legal person status registered inside and outside China, large enterprises registered in China whose main business is to manufacture products suitable for financial leasing transactions, financial leasing companies registered outside China and other promoters recognized by the CBRC. Other promoters recognized by the CBRC refer to other domestic legal person institutions and overseas financial institutions other than those stipulated in Articles 9 to 11 of these Measures.
Legal objectivity:
Article 4 of the Law on Foreign-funded Enterprises stipulates that the investment, profits and other lawful rights and interests of foreign investors in China shall be protected by the laws of China. Foreign-funded enterprises must abide by the laws and regulations of China and shall not harm the social interests of China.