The 100th leased aircraft in Xiamen Free Trade Zone was successfully delivered. (Data picture)
Xiamen Free Trade Zone continues to give play to its advantages to build an important financial leasing industry cluster in China. The picture shows the Songyu Wharf of Xiamen Port. Photographed by Shi Chenjing
On the 7th, the first FTZ Industry Leasing Summit Forum was held in Xiamen. As the largest and highest financial leasing industry summit in China in the past five years, the event also focused on Ludao again.
Financial leasing is a bridge connecting the real industry and financial "living water", and it is also the emerging financial force closest to the real economy. Since the establishment of Xiamen Free Trade Zone, financial leasing has been listed as one of the key construction platforms, relevant supporting development measures have been introduced, and the mode has been continuously innovated to form an important national financial leasing industry cluster.
As of February this year, there were about 400 financial leasing enterprises registered in Xiamen Free Trade Zone, covering aircraft leasing, integrated circuit leasing, film and television equipment leasing, new energy and other fields. The total amount of existing leasing assets exceeded 100 billion yuan. Since this year, the financial leasing enterprises in Xiamen Free Trade Zone have focused on building construction, photovoltaic construction, new energy commercial vehicles and other fields, and continued to increase their business expansion efforts. It is expected that the business growth in the first quarter will exceed 50%.
Breaking the Problem of "Bonded+"——
Rooting in "Experimental Field" and Cultivating "Characteristic Seedlings"
Aircraft financial leasing is the earliest and most outstanding business in the financial leasing of Xiamen Free Trade Zone, and has always played a leading role in the financial leasing of the pilot free trade zone.
"As one of the major imported large-scale equipment in China, aircraft has the characteristics of high value, complex import links, long service life, etc. With the rapid expansion of the civil aviation fleet, more and more airlines tend to 'rent aircraft' to reduce capital occupation and enhance the flexibility of fleet management." The relevant person in charge of the Finance Bureau of the Management Committee of Xiamen Free Trade Zone said.
As early as 2014, when Xiamen actively applied for the pilot free trade zone, it began to promote the development and innovation of characteristic business by "applying while innovating", tap the "bonded+" function of the bonded zone, and develop aircraft leasing business from scratch by "boldly pioneering, boldly trying, and independently reforming".
In September 2015, Xiamen Aircraft Leasing Co., Ltd., the first aircraft leasing and asset management enterprise in China with second-hand aircraft as the main business, successfully settled in Xiamen Free Trade Zone.
The main person in charge of the company said that with the transaction and disposal of second-hand aircraft market gradually ushering in a peak period, the layout of old aircraft business in advance is of far-reaching significance for revitalizing the assets of domestic airlines, enriching the financial leasing business structure of Xiamen Free Trade Zone, and improving the aircraft leasing industry chain.
Rooted in the Xiamen Free Trade Zone for many years, Xiamen Aircraft Leasing Co., Ltd. has continued to lead the domestic peers in the field of aircraft disposal, and the disposal methods have gone further from complete aircraft disposal, aircraft disassembly to engine disassembly. At the same time, relying on the basis of Xiamen's leasing industry and aviation maintenance industry, more and more leasing enterprises and their customers choose to complete rent return inspection, customer to cargo, aviation materials import and export, etc. in Xiamen, which has strongly promoted the development of the entire industrial chain of aircraft leasing in Xiamen.
Today, Xiamen Free Trade Zone has become the fourth largest aircraft financial leasing cluster and the largest used aircraft financial leasing cluster in China, and the first region in South China to simultaneously carry out operational and financial leasing, local and remote airline leasing, aircraft and engine leasing. Aircraft leasing has formed a brand effect with national influence.
"Give full play to the policy advantages of the comprehensive bonded zone, we will continue to implement innovative measures such as cross customs area entrusted supervision and formal customs declaration, encourage characteristic financial leasing enterprises to expand the import of high-end equipment, support financial leasing enterprises to extend the" bonded+"function, and support cost reduction and efficiency increase in the whole life cycle of equipment from import, lease, maintenance to later disposal." Relevant person in charge of Xiamen Free Trade Zone Management Committee said.
"Innovation+" empowerment——
Introducing "financial water" to irrigate the industry
Taking a key step from 0 to 1, Xiamen Free Trade Zone gives full play to a series of policy advantages, such as "bonded import", "cross customs area remote entrusted supervision", "bonded goods transaction free of VAT", to lead and drive the development of financial leasing industry.
With the support of the policy, Xiamen Free Trade Zone has continued to innovate to empower and boldly explore the diversified financial leasing model.
The chip design industry is a typical technology, capital and talent intensive industry. Design enterprises have intangible assets with great commercial value and use value, such as invention patent rights, trademark rights, copyrights, etc., but it is difficult to obtain financing support in traditional financial institutions such as banks due to difficulties in value determination and low pledge rate.
In March 2020, with the support of Xiamen Free Trade Zone Management Committee, Xiamen Municipal Finance Bureau and other departments, Xinxin Financial Leasing (Xiamen) Co., Ltd. in the zone carried out financial leasing business with the technology patents (intangible assets) of Ziguang Zhanrui, a subsidiary of Ziguang Group, as the lease object, and invested 1.45 billion yuan to Ziguang Zhanrui in the form of leaseback as technology research and development funds, It has become the first large intangible asset finance leasing project in Xiamen Free Trade Zone.
The sale and leaseback model of intangible assets expands the subject of financial leasing from fixed assets to intangible assets, reflecting the progress of intellectual property protection and the further smooth flow of patent transfer. Since its establishment in 2018, Xinxin Financial Leasing has invested nearly 8 billion yuan in integrated circuit enterprises. Its financing targets are mainly integrated circuit production equipment, R&D patent intangible assets, etc.
Watering the development of integrated circuit industry with financial water is just a microcosm. China Film Huaxia Financial Leasing, a joint venture established by China Film Corporation and Huaxia Film Distribution Co., Ltd., two leading film companies in China, focuses on the film and television industry. Since its establishment for more than two years, it has provided services for more than 130 domestic film and television industry chains. At present, it has achieved the full industrial chain coverage of "production, publicity, distribution and release" of film and television.
The relevant person in charge of the Management Committee of Xiamen Free Trade Zone said that the financial leasing industry is the link between the financial industry and the real industry, which is conducive to promoting the transformation of new and old drivers and supply side reform, and serving the "4+4+6" modern industrial system of Xiamen. Since the establishment of the zone, hundreds of financial leasing enterprises from multiple sub industries have successively settled in, from logistics vehicle leasing to construction machinery leasing, to aircraft leasing, ship leasing, large-scale equipment leasing, and green leasing. Financial leasing has become an effective channel for financial capital to serve the real economy.
"Service+" quality improvement——
Do a good job of "caring people" to help high quality
From scattered business to system integration platform, and inject vitality into the development of the real economy, the prosperity of the financial leasing industry in Xiamen Free Trade Zone is inseparable from the careful cultivation of policies and services.
"Thanks to the innovation of the" chain customs clearance "model in Xiamen Free Trade Zone, the turnover process of enterprises has been shortened and the urgent needs of enterprises have been solved," said the relevant person in charge of Hangzhou Yuantong Cargo Airlines.
It turned out that last year, the company had a batch of B757 aircraft that were converted from passengers to cargo in the area. These aircraft were held by the overseas entities of Yuantong Freight Cooperation. After the conversion, they would be delivered to Yuantong Freight Operations, and the ownership would be transferred to the name of Yuantong Freight's SPV company in Dongjiang.
According to the traditional customs clearance process, these aircraft should leave Xiamen, enter Tianjin Dongjiang and finally land in Hangzhou after modification. Having learned the actual situation that the business needs of enterprises are urgent, the Management Committee of Xiamen Free Trade Zone acted as a "bridge" between enterprises and customs, formed a special business promotion working group of "government, customs, enterprises, customs affairs", communicated and coordinated with the General Office of Xiamen Customs and Xiamen Airport Customs for many times, and immediately discussed the customs clearance process, declaration form, maintenance material supervision The filling of declaration form and other contents shall be clarified.
Finally, on the premise of ensuring effective supervision and implementation of the current tax policies, Xiamen Customs took the lead in promoting, Tianjin and Hangzhou Customs cooperated, and formulated the plan of "Xiamen customs declaration, Tianjin accounting, Hangzhou landing", which realized the whole process of "chain customs clearance", effectively helped enterprises reduce costs and increase efficiency, and greatly shortened the turnover process.
In the past few years, the Xiamen Free Trade Commission has continued to promote innovation and breakthroughs in the financial leasing platform industry: to facilitate large-scale medical device leasing business licensing, and to introduce reform measures and declaration service mechanisms; Promote the inclusion of intangible assets with clear ownership, such as invention patents, into the category of leased items, and support the implementation of the first large amount intangible asset leasing and other technological leasing innovation projects; Promote the implementation of VAT preferential policies for financial leasing, solve the problems of immediate collection and refund of financial leasing and balance tax payment, and support leasing enterprises to implement the effectiveness of tax rebate policy
"Efficient and active service is a part of the whole process of services we provide to the financial leasing companies." The relevant person in charge of Xiamen Free Trade Zone said that the zone has been committed to building a "nanny style+expert" financial leasing platform service team, introducing professional talents, establishing a platform operation service company, and providing policy advice, Strive to provide full process services for enterprise operation.
In addition, the FTC has also set up a financial leasing leading group to establish a rapid linkage and coordination mechanism. At the same time, the Xiamen Free Trade Zone Financial Leasing Professional Committee was established to encourage financial leasing enterprises to rely on industry associations for business exchanges, industry self-discipline and standardized development.
The good environment has also attracted more and more "Golden Phoenix". Last year, Zhongxin International Financial Leasing, the first Taiwan funded financial leasing institution in Xiamen Free Trade Zone, was launched. "The policy advantages of first try and high-quality business environment let us choose to settle in the Free Trade Zone. From intention to settle down to formalities handling, staff provide warm and meticulous services for enterprises. Here we feel at home, and enterprises are full of confidence in future development." said Liao Huijun, director of Zhongxin International Financial Leasing.
(Liao Liping and Zhou Ying)
