Founded in 1984, China Development Bank Financial Leasing Co., Ltd., a national non-banking financial institution regulated by the NFRA, is the only leasing business platform under China Development Bank and the first listed financial leasing company in China, with a registered capital of RMB12.64238 billion. The Company is a pioneer in the leasing industry in the PRC. The Company is dedicated to providing comprehensive leasing services to high-quality customers in fields including aircraft, shipping, regional development, inclusive finance, green energy and highend equipment manufacturing, with leasing assets and business partners reaching throughout over 40 countries and regions all over the world, and consistently maintains quasi-sovereign international ratings, namely “A1” by Moody’s, “A” by Standard & Poor’s and “A+” by Fitch. Since its listing in 2016, the Company’s scale of assets have continued to grow and profitability has steadily improved, the non-performing asset ratio has maintained at 1% or below, and the average return on equity (ROE) has maintained over 10%.
The Company proactively fulfill its responsibilities as a state-owned financial enterprise, adhering to the basic requirement of financial sector serving the real economy, and continuously contributing to the national high-quality development.The Company was the first leasing company to promote the marketization and international operation of aviation leasing in China and set up its first professional overseas aviation subsidiary, ranking Top 11 in the world in terms of the value of its active fleet. The asset quality, profitability and professional management of the ship leasing business are at the leading position in the industry. The regional development leasing business focuses on major regional development strategies of the State, and continuously improves the regional financial service capacity to better assist the high-quality development of the regional economy. The green energy and high-end equipment leasing business proactively serves the national “dual carbon” strategy, promotes the green transformation of energy and optimization of structure and increases support for advanced manufacturing and strategic emerging industries. The inclusive finance business proactively responds to the call of the country by fulfilling its social responsibility and providing the support to facilitate small and micro-sized enterprises, continuously promoting the deep development of construction machinery and vehicle leasing business.
The Company keeps pace with the times, continues to upgrade its business model, constantly improves its professional service capability, actively promotes the development of emerging industries, and at the same time, in line with the national development map, firmly follows the path of financial development with Chinese characteristics. With the gradual establishment of a modern industrial system in China, the Company has always insisted on the development goal of “marketization, professionalization, internationalization and digitization”, continued to promote product and business innovation, continuously improved corporate governance, and formed a business development model with obvious core competitive advantages and outstanding sustainable development capabilities. In the future, the Company will strive to achieve effective improvement in “quality”and reasonable growth in “quantity”, maintain steady development and industry-leading advantages, and continue to build a “world-class financial leasing company”.
The Company integrated financial technology resources to set up a technology leasing division.
The Company pioneered in digital transformation in the industry. Total assets exceeded RMB300 billion; it established the development strategy of “market-oriented, professional, internationalized and digitalized operation”; the technology leasing division was established.
The Company established three divisions of inclusive finance, new energy & equipment and ship leasing.
The Company moved into the newly built office building “CDB Finance Center”.
The Company got listed on the main board of HKEX and became the first listed financial leasing company subject to regulation by the CBIRC (Stock code: 1606.HK). It has obtained approval from the CBIRC to set up a subsidiary specializing in aviation finance overseas—China Development Bank Aviation Finance Leasing Co., Ltd.
The Company was reorganized into a joint stock company with limited liability, and renamed China Development Bank Financial Leasing CO., Ltd.
The Company completed the purchase of 130 mainstream narrow-body aircrafts from Boeing and Airbus, and received from Moody’s and Fitch international credit ratings that were the same as China’s sovereign ratings.
Upon approval by the China Banking and Insurance Regulatory Committee (CBIRC), China Development Bank (CDB) became a 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.
The Company obtained approval from the People’s Bank of China to conduct financial business.
The predecessor, Shenzhen Leasing Company Limited, was established.
Leading China’s leasing industry, serving the real economy
Build a world-class financial leasing company
Prudence, professionalism, trustworthiness, mutual benefits
professional, market-oriented, internationalized operation and Digitalized
Balance among scale, quality and cost-effectiveness
Congruity of shareholder value, company value and employee value
Risk favors no one; everyone is responsible for risk control
A platform for career development, a stage for self-actualization
Shareholders' general meeting is the organ of the authority of the Company comprising all Shareholders. The Shareholders' general meeting is responsible for deciding on the operational policies, strategic development plans and investment plans of the Company; electing and replacing Directors (being not employee representative) and deciding on matters concerning their remuneration...
The Board of Directors shall exercise the following functions and powers according to law:
(1)To be responsible for convening the general meeting of shareholders and reporting the work to the general meeting of shareholders;
(2)To implement the resolutions of the shareholders' general meeting;
The company has a board of supervisors, which is the supervisory body of the company, which is responsible to the general meeting of shareholders, and supervises the company's finance, the directors and the president to prevent them from abusing their power and infringing upon the shareholders' rights and interests.
Articles of association
Rules of Audit Board
Working Rules of Nominating Board
Social Responsibility Award of the Year
Gold medal tally of Chinese financial institutions-the most competitive leasing company of the year
Most Influential Financial Leasing Company
The 7th China Air Finance Wan Hoo Awards – Best Transaction of the Year
The 7th China Air Finance Wan Hoo Awards – Ten-year Industry Contribution Award of China Aviation Finance
Shenzhen City corporate social responsibility evaluation level certificate (Samsung)
The Company has obtained international quasi-sovereign credit ratings assigned by Fitch, Standard & Poor’s and Moody’s and maintained the highest credit ratings in the Chinese leasing industry. It is also one of the most creditworthy leasing companies in the world. These credit ratings help the Company further enrich the financing channels.