Support the establishment of professional subsidiaries in the free trade zone.
The "Implementation Opinions" pointed out that the free trade zone should be supported to try first and promote the agglomeration and development of the financial leasing industry. In terms of service support, continue to increase support for the financial leasing industry and set up special funds; Promote the construction of innovative bases for financial leasing services; Support the establishment of a financial leasing asset trading service platform.
Some clauses such as "exploring the establishment of financial leasing industry development fund" and "building a trading platform for financial leasing assets" were also involved in the Opinions on Promoting the Healthy Development of Financial Leasing Industry in Pudong New Area issued by Pudong last year.
At the same time, the "Implementation Opinions" support qualified financial leasing companies to set up professional subsidiaries and special project companies to carry out leasing business such as aircraft, ships and major equipment. Financial leasing companies are allowed to set up special project companies such as single machine and single ship by absolute holding. Special project companies such as single machine and single ship belonging to the same parent company are allowed to implement centralized residence registration, which is the same as that of the parent company. Financial leasing companies are allowed to set up specialized subsidiaries such as aircraft and ships, and can continue to operate multiple projects such as aircraft and ships.
Leasing companies such as Bank of Communications Leasing and CMB Leasing have set up professional subsidiaries in Shanghai Free Trade Zone. The relevant person in charge of Bank of Communications Leasing recently attended the symposium on the summary and evaluation of the third anniversary of Shanghai Free Trade Zone, and said that after the listing of Shanghai Free Trade Zone, Bank of Communications Leasing was the first to be approved to set up a specialized air transport subsidiary in the zone, and its registered capital has now increased to1.500 million yuan. "According to the regulatory requirements, the project company can be established in China or overseas, but the assets are managed by specialized subsidiaries of the Free Trade Zone, and the new business exceeds the sum of the businesses before the establishment of the Free Trade Zone three years ago."
Allow the development of local and foreign currency pools.
Taking advantage of the policy advantages of the Shanghai Free Trade Zone, the Implementation Opinions also support domestic-funded financial leasing pilot enterprises to use foreign debts, which can be transferred into China and deposited in foreign debt accounts, and can be settled by payment or willingness. At the same time, financial leasing companies are encouraged to carry out RMB cross-border financing business.
The "Implementation Opinions" also allows financial leasing companies to carry out local and foreign currency fund pool business, and centralize the foreign debts and foreign lending quotas of domestic member companies by opening master accounts of domestic and foreign foreign exchange funds, so as to realize unified allocation of domestic and foreign funds. In addition to the scope of domestic foreign currency transfer allowed by the current regulations, we should actively explore new modes of domestic foreign exchange fund transfer management. On the premise that the transaction is true and reasonable, the transfer of foreign currency funds between the financial leasing parent company and the domestic special project company can apply to the Shanghai Branch of the State Administration of Foreign Exchange.
In order to speed up customs clearance and facilitate financial leasing companies to carry out leasing import and export business, the "Implementation Opinions" clearly pointed out that financial leasing companies registered in the special customs supervision area of the Free Trade Zone should make efforts to coordinate supervision in different places and facilitate customs clearance procedures on the premise of ensuring effective supervision and implementation of existing relevant tax policies.
Encourage the merger and reorganization of the financial leasing industry.
In terms of cultivating the market, the "Implementation Opinions" also proposes to continuously expand the field of financial leasing services, encourage and guide domestic and foreign capital to set up financial leasing companies in Shanghai, and support financial leasing companies with advantageous industrial backgrounds to set up professional subsidiaries; Encourage financial leasing companies to expand their scale and business through mergers and acquisitions, capital increase and share expansion, and form a number of leading enterprises with core competitiveness; Support powerful financial leasing companies to carry out cross-border leasing and cross-border mergers and acquisitions, and cultivate transnational financial leasing groups; Support the establishment of financial leasing intermediary service institutions, and accelerate the development of professional consulting, technical services, evaluation, asset management, asset disposal and other related industries that provide supporting services for financial leasing enterprises.
By the end of June this year, there were 1772 financial leasing enterprises in Pudong New Area, an increase of 239 compared with the end of last year.
The "Implementation Opinions" pointed out that a communication and coordination mechanism for municipal financial leasing management departments will be established, and the Municipal Commission of Commerce and the Municipal Finance Office will take the lead in coordinating all relevant departments to accelerate the implementation of this implementation opinion. All relevant departments should further strengthen the division of labor and cooperation, implement the leaders and responsible persons in charge, refine policies and measures, do a good job in connecting with relevant state departments, and actively strive for the support of relevant state departments.
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