China Development Bank Financial Leasing CO.,LTD.

China Development Bank Financial Leasing Co., Ltd. ("CDB Leasing" or the "Company"), which was incorporated with the approval of the China Banking Regulatory Commission (CBRC), is a non-bank financial institution held and operated by China Development Bank (CDB). Registered in Shenzhen, it has a registered capital of RMB12.6 billion. The predecessor of CDB Leasing was Shenzhen Finance Leasing Ltd. which was established in 1984.

In early 2008, the Company was renamed as China Development Bank Leasing Co., Ltd. after CDB increased its investments in the Company to become its controlling shareholder. The Company, having more than 30 years of history since its incorporation, is one of the most longstanding and influential finance leasing companies in China. At the end of 2013, the Company was elected to assume directorship of the Finance Lease Committee of China Banking Association. Upholding the guiding philosophy of jointly developing specialization and business collaboration since its official establishment on 22 May 2008, CDB Leasing has achieved continuous expansion in business areas, continuous growth of assets and steady improvement of income, hence ranking at the forefront of the industry measured by key operating metrics. The Company adheres to the principle of innovative development and providing service for the real economy, engaging in leasing business in aircraft, infrastructure, ships, commercial vehicle and construction machinery and others, with operations across more than 20 countries and regions worldwide. Meanwhile, as a leasing business platform under the integrated financial service system of CDB, the Company plays an active role in coordinating with CDB to provide service for the national strategy, boosting the development of major areas including industrial transformation and upgrade and supporting international cooperation. The Company also plays important role in supporting the manufacturing of domestically made equipment and providing service for enterprises to "go abroad".

Over the years, CDB Leasing has always committed to "creating value for customers". CDB Leasing provides customized leasing services to clients and has created a financing model supportive of enterprises of varying size, assisting tens of thousands of enterprises to achieve healthy growth. China's economy has entered into new normal, and CDB Leasing will continue to take concrete actions to fulfill its social responsibilities of "improving people's livelihood and serving the real economy". Through continuous innovation, we will develop more finance leasing products that are conducive to developing and better facilitating capital and asset financing, striving to achieve greater efficiency for customers, making greater contributions to liquidizing remnant assets in the community and playing a more active role in economic transformation and upgrade.

  • 2016
    July 11, 2016, the National Bank of Leasing in the Hong Kong Stock Exchange listed on the Main Board, the registered capital of 12.642 billion yuan, becoming the strongest domestic capital of the leasing companies, open a new journey!
  • 2015
    The Company was reorganized into a joint stock company with limited liability, and was renamed as China Development Bank Financial Leasing CO., Ltd. The Company was approved by the PBOC to carry out foreign currency lending business in the national interbank lending market. The Company successfully entered into the credit information system of the PBOC. The Company was awarded the China Aircraft Finance Industry Promotion Award by the Fourth China Aircraft Finance Forum.
  • 2014
    The Company completed the purchase of 130 mainstream narrow-body aircraft. The Company received international credit ratings of A+ from Fitch, A+ from Standard & Poor’s and A1 from Moody’s.
  • 2012
    The total assets of the Company reached RMB100 billion, making it the first CBRC-regulated leasing company with total assets exceeding RMB100 billion. Witnessed by China’s President Xi Jinping and Governor General of Canada David Johnston, the Company and Bombardier Aerospace entered into a purchase agreement in respect of 15 C Series aircraft with a total order amount of approximately US$914 million. The Company completed the Japanese Taxation Financing Lease (JOLCO) structured financing in relation to three aircraft, which was recognized as the Best Taxation Financing Transaction of the Year 2012 by Airfinance Journal. This transaction was the Company’s first successful tax financing business.The Company successfully issued bonds with a principal amount of US$1.5 billion through an offshore SPC in the international capital market for the first time, which was awarded the Best Quasi-sovereign Bond of the Year 2012 by Asset Magazine.
  • 2010
    The Company entered into the national interbank lending market after obtaining approval from the PBOC.
  • 2009
    The Company accomplished the first acquisition of an aircraft asset portfolio, accompanied by a leasing contract with GE Capital Aviation Services, which was rewarded as the Best International Transaction of the Year 2009 by Airfinance Journal. Since then, the Company has formally entered the international market for aircraft leasing business. The Company completed the sale-and-leaseback project of Kunming-Shilin Expressway in Yunnan. The Company has since fully entered into the infrastructure leasing sector. The Company entered into its first commercial vehicle strategic cooperation agreement with Beiqi Foton Motor CO., Ltd. a leading manufacturer of commercial vehicles, making it the first PRC financial leasing company to carry out manufacturer leasing business.
  • 2008
    CDB became our Controlling Shareholder, and the Company was renamed China Development Bank Financial Leasing Company Limited, which was then the largest leasing company in terms of registered capital in the PRC.
  • 2006
    We pioneered the aircraft operating lease business among PRC financial leasing companies by entering into a leasing agreement with China Eastern Airlines Corporation Limited in respect of an A330 aircraft.
  • 2002
    We pioneered aircraft leasing business among PRC leasing companies by entering into a purchase agreement with Xi’an Aircraft Industry in respect of three MA60 aircraft.
  • 1984
    Our predecessor, Shenzhen Leasing Company Limited, was established.
  • Finance lease business

  • Transferring and acquiring assets subject to financial leases

  • Investing in fixed-income securities

  • Accepting lease deposits from lessees

  • Accepting fixed deposits of three months or more from non-banking shareholders

  • Interbank lending

  • Taking loans from a financial institution

  • Overseas borrowings in foreign currencies

  • Realization and disposal of residual values of leased properties

  • Economic consultancy

  • Establishment of project companies in domestic bonded zone to engage in financial

  • Providing guarantee for the external financing of holding subsidiaries and project

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