Financial leasing is the most common and basic form of non-bank finance in the world. It means that the lessor enters into a supply contract with a third party (supplier) at the request of the lessee (user), and according to this contract, the lessor invests to purchase the equipment selected by the lessee from the supplier. At the same time, the lessor enters into a lease contract with the lessee, leases the equipment to the lessee, and collects a certain rent from the lessee. Financial leasing means that the lessor purchases 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. If there is no agreement or unclear agreement on the ownership of 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, 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 is a new financial industry integrating financing and financial services, trade and technological innovation. Because of the combination of financing and finance, the leasing company can recycle and dispose of the leased property when there are problems, so the requirements for corporate credit and guarantee are not high when handling financing, which is very suitable for financing of small and medium-sized enterprises. Financial leasing is a new form of financial service that combines physical credit and bank credit under the conditions of modern mass production. It is a cross-disciplinary and cross-departmental industry integrating finance, trade and service. Vigorously promoting the development of financial leasing is conducive to changing the mode of economic development, promoting the integrated development of secondary and tertiary industries, and playing an important role in accelerating commodity circulation, expanding domestic demand, promoting technological innovation, alleviating the financing difficulties of small and medium-sized enterprises, and improving the efficiency of resource allocation. Actively developing financial leasing industry is an inevitable choice for China's modern economic development.