China Development Bank Financial Leasing CO.,LTD.

China Development Bank Financial Leasing Co., Ltd., a national non-banking financial institution regulated by CBIRC, is the first listed financial leasing company in mainland China and the sole leasing business platform of China Development Bank. Its leasing assets and business partners reach throughout nearly 40 countries and regions around the globe. The Company enjoys relatively high international credit ratings, namely “A1” by Moody’s, “A” by Standard & Poor’s and “A+” by Fitch. Founded in 1984, CDB Leasing is a pioneer and a leader in the leasing industry in the PRC, and is among the first leasing companies established in the PRC. Adhering to the mission of “Leading China’s leasing industry, serving the real economy”, CDB Leasing is dedicated to providing comprehensive leasing services to high-quality customers in industries, including aviation, infrastructure, shipping, vehicle and construction machinery, new energy and high-end equipment manufacturing.

As one of the leasing companies with the longest history in the PRC, CDB Leasing has witnessed and participated in the development of the PRC leasing industry, experienced various economic cycles in the industry and regulatory reforms, and gained abundant experience in our exploration in business sectors, product innovation, risk management and control, operating management and other aspects. We have been continuously adhering to the balanced development of scale, quality and efficiency. Through exploration of different business sectors in a planned manner, continuous product innovation and business improvement as well as optimization of corporate governance, CDB Leasing outpaced peers in terms of asset scale, profitability and risk control, and formed a business development model with obvious advantages of core competitiveness and prominent sustainable development capabilities.

The continued improvement in marketization and internationalization of the PRC financial industry, the increasing customer demand for customized leasing products and services, and current policies of financial supply-side reform launched by the state for enhancing the financial service’s capability to serve the real economy have brought important opportunities to the leasing industry. We believe that our long operating history, market leading position, well-developed business model and premier brand will enable us to seize such opportunities, achieve sustained growth, and continue to maintain our leading position in the fast developing PRC leasing industry, constantly upgrade our business model, improve our professional service capabilities and strive to move forward for achieving the vision of building a world-class leasing company.

  • 2019
    As at June 30, 2019, total assets of the Group amounted to RMB240,195.6 million
  • 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 vehicle strategic cooperation agreement with Beiqi Foton Motor CO., Ltd. a leading manufacturer of 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