The Central Financial Work Conference called for significant efforts in five key areas, i.e., technology finance, green finance, inclusive finance, elderly care finance, and digital finance. In particular, inclusive finance concerns numerous industries and sectors. The lack of access to financing and high financing cost are long-standing challenges for micro and small enterprises. In response, China Development Bank Financial Leasing (CDB Leasing), who has long been dedicated to its mission of serving the real economy, has committed hundreds of billions of renminbi to supporting the production and operations of micro and small enterprises. This is an evidence of the Company’s concrete action to fuel high-quality economic development.
From 2011 to the end of May 2024, CDB Leasing provided RMB100.6 billion worth of new lease financing to the construction machinery sector, supporting cumulative equipment leasing volume of over 155,000 units. These favorable and convenient financial leasing products and services have reached over 70,000 micro and small enterprises as well as individual customers.
The hundreds of billions of new lease financing in renminbi value highlights CDB Leasing’s steadfast commitment to inclusive financial services. To address difficulties in financing, i.e. lack of access, high cost and cumbersome procedures, faced by most purchasers of construction machinery, CDB Leasing has leveraged the close tie between the leasing sector and the real economy to cooperate with leading domestic manufacturers of construction machinery and integrate key resources and advantages along the industry chain. This has contributed to the creation of a vendor leasing model for retailing leasing products and the establishment of an efficient product model characterized by “centralized credit line at the source and batch delivery to end customers”. This has swiftly and effectively resolved the financing challenges for end customers.
Those who plan well ahead travel far, while those who take practical actions succeed in the end. CDB Leasing not only works to build effective financing channels for micro and small enterprises, but also focuses on improving the quality of its financial services. Acting on various supportive policies for micro and small enterprises, the Company continuously seeks to optimize its product solutions to precisely meet the needs of end customers, give more to end customers to lower their financing costs, and facilitate the steady and healthy development of its customers. Through heart-warming financial services, CDB Leasing endeavors to enhance the sense of gain concerning inclusive finance and make active contribution to advancing inclusive finance and serving the real economy.
