Company Profile

Professional and international management development

Founded in December 2007, the Bank of Communications Financial Leasing Co., Ltd. (hereinafter referred to as BoCom Leasing) is one of the first five financial leasing companies approved by the State Council and is the wholly-owned subsidiary of Bank of Communications, with a registered capital of RMB 14 billion.

As the extension of financial brands and services of "A century of BoCom, your wealth management bank", BoCom Leasing, relying on the advantages of the Group's platform, adhering to the development strategies of "focusing on professionalization, internationalization, differentiation, and specialization", based on a new stage of development, and committed to new ideas of development, actively fulfill its responsibilities as a state-owned financial enterprise, firmly serves the real economy, and gives full play to original features of leasing. Its business scope covers key industries and fields such as aviation, shipping, transportation infrastructure, public utilities, energy and electricity, and machinery and equipment, so as to fully serve the new development pattern taking the domestic great cycle as the main body and where the domestic and international dual cycles support each other.

As the first financial leasing company approved to set up a professional subsidiary in Shanghai Pilot Free Trade Zone, the Company successively achieved several "first order" businesses and innovation achievements, such as the first aircraft financial lease business, the first aircraft operating lease business, the first ship operating lease business, the first aircraft asset transfer transaction, and the first overseas loan business of non-bank financial institutions.

By the end of June 2022, the Company's total assets were close to RMB 350 billion, with the leasing asset size of more than RMB 300 billion. The Company's total assets, the leasing asset size, and other main business indicators hold the lead and are in the leading position in the industry. With the continuous expansion of brand influence and recognition, the Company is now the fifth director unit of the China Banking Association Financial Leasing Committee and the director unit of the Joint Meeting of Financial Leasing Agencies in Shanghai of Shanghai Banking Association.

Supporting National Strategies

In the respect of serving and supporting national strategies, the Company continuously improves its ability to serve the real economy with the characteristics of "financing and leasing-assets", makes full use of its business advantages in infrastructure fields including "big transportation", actively fulfills the concept of green and low-carbon economic development, continue to help the construction of a strong country with strong transportation network and build a modern comprehensive transportation system. The Company has established long-term strategic cooperation with COSCO Shipping, CSIC, Air China, China Eastern, China Southern Airlines and China State Railway Group Co., Ltd. The Company also actively participates in the development of new infrastructures such as high-speed rail transit, extra-high voltage and big data centers. It maintains long-term extensive and good cooperative relations with central government-owned enterprises and their subsidiaries such as China Huaneng Group, State Power Investment Corporation, China Baowu Steel Group, and China Communications Construction, and expedites the transformation and upgrading of emerging industries such as high-end equipment manufacturing, new energy, new materials, energy conservation and environmental protection with the strength of financial leasing, actively connects with the national and regional development strategies such as coordinated development of Beijing-Tianjin-Hebei region, regional integration of the Yangtze River Delta, Guangdong-Hong Kong-Macao Greater Bay Area and the construction of the Yangtze River Economic Belt, providing precise service for the spatial arrangement of China's financial reform and opening up.

Company Strength

The Company opened the path for professional and international transformation in the field of shipping and aviation at an earlier stage, based on which it has constantly shown and consolidated its specialized characteristics and leading advantages. Its business scope covers 32 countries and regions in five continents, with more than 70 international customers, including Maersk, MSC, CMA-CGM, and other top international shipowners, and Vale, Trafigura, Shell, and other leading cargo owner enterprises, as well as Air Holland, Emirates Airlines, and other famous high-quality airlines worldwide. In addition, the Company also takes the initiative to connect domestic and overseas customers with advanced local manufacturing enterprises such as COMAC and China State Shipbuilding Corporation Limited through leasing products, so as to promote domestic and international capacity cooperation and strongly support the introduction of "Made in China" to the world. At present, the Company, with 432 ships and a scale of shipping leasing assets exceeding RMB 100 billion, is the largest leasing company in the domestic merchant fleet, and its newly increased financed amount of shipping ranks first in the world for two consecutive years. It owns and manages 269 fleets, and the scale of aircraft leasing assets ranks among the top three in China.

Vision

In the future, BoCom Leasing will actively fulfill the mission and responsibilities of a state-owned financial institution, implement the requirements of "new development stage, new development concept, new development pattern, and high-quality development", provide solid service for the real economy, and give full play to the original characteristics of leasing. The businesses of the Company contain aviation, shipping, transportation infrastructure, energy and electricity, people's livelihood and consumption, equipment manufacturing and other key industries and fields, and it will spare no effort in serving the dual circulation development pattern, in which domestic and overseas markets reinforce each other, with the domestic market as the main body.