1. Market Research
  2. > Manufacturing
  3. > Shipbuilding Market Trends

Research on Financial Leasing Industry in China, 2015-2020

  • April 2015
  • 66 pages
  • Huidian Research
Report ID: 1161230

Summary

Table of Contents

During the “12th five-year plan” period (2011-2015), the balance of financial leasing business has reached considerable scale, and the financial leasing in China has changed from arithmetic growth to exponential growth. In 2014, the financial leasing industry in China developed rapidly with asset scale hitting CNY 2 trillion and over 600 enterprises, in which, the total asset scale in 20 financial leasing enterprises stood at CNY 800 billion, accounting for over 50% of total assets in financial leasing industry.

The financial leasing industry scale increased from CNY 70 billion in 2007 to CNY 1.2 trillion in June 2012, increasing by 16 times within 5 five years with compound annual growth rate of 90%, it is predicted that by 2020, the industry scale of financial leasing in China will be close to CNY 10 trillion with compound annual growth rate of about 30%, and the leasing penetration rate can be expected to exceed 10%. Like the developed countries in Europe and America, the financial leasing industry has become an important supplement for bank credit and security financing in Beijing, Shanghai, Tianjin, Shenzhen, Hangzhou and Xiamen etc, where the scientific and stable capital supply system has been formed gradually.

Excerpt:

6. Key Fields of Financial Leasing Industry in China

6.2 Ship Financial Leasing in China

6.2.1 Development of Shipbuilding Industry

In recent years, the global market shares of China’s shipbuilding Industry increased obviously and have exceeded South Korea and Japan, China has become one of key shipbuilding centers in global.

From Jan. to Dec. in 2014, the accomplished shipbuilding output in China was 39.05 million DWT, down 13.9% over the same period of last year, and the newly-received shipbuilding order was 59.95 million DWT, down 14.2% over the same period of last year, in which the marine ship was 19.34 million CGT. By the end of December, the shipbuilding order had been 148.8 million DWT, up 13.7% over the same period of last year (2013), in which, the marine ship was 46.4 million CGT, and the exported ships accounted for 95.9% of total output.

In 2014, the market shares of three largest shipbuilding indexes: accomplished shipbuilding output, newly-received order and holding order, continue to keep leading position in world, accounting for 41.7%, 50.5% and 47.1% respectively by DWT, in which the newly-received order increased by 2.6% over 2013.

The industry concentration ratio was improved further, the accomplished shipbuilding output of top 10 enterprises accounted for 50.6% of total output in China, up 3.2% over 2013; the newly-received shipbuilding orders continue to concentrate toward superior enterprises, in which the newly-received orders in top 10 enterprises accounted for 55.5% of total one in China.

Fig.29: Three Largest Shipbuilding Indexes and Market Shares in World, 2014

Source: Clarkson Research Studies

Fig.30: Comparison of Three Largest Shipbuilding Indexes in China, 2008-2014

Source: China Association of the National shipbuilding Industry

6.2.2 Ship Leasing Market

China has not established a complete ship leasing market. Participators involve in shipbuilding transaction in different degrees and cannot undertake the increasing demands for shipbuilding in respects of knowledge, capital and experiences independently.

It is only two or three years to carry out large-scale ship financial leasing business in China, mainly serving for domestic customers. at present, one obvious trend is that the financial leasing from bank system with powerful capital background is becoming another mainstream channel of ship financing gradually.

Fig.31: Statistics on Market Shares of Ship Financial Leasing, 2014

Source: Huidian Research

6.2.3 Characteristics of Ship Financial Leasing Business
Since the beginning of 2014, China has issued a serial of micro-stimulation policies, which makes the market capitals among banks become relaxed obviously, especially, the fast decline of short-term capital interest rate creates sound financing opportunities for ship industry. China State Shipbuilding Corporation (CSSC) issued two terms of Super & Short-term Commercial Paper (SCP) of CNY 5 billion with annual interest rate of only 4.65%, which reduced financing cost. The Export-Import Bank of China provided CNY 90 billion of preferable interest rate floating capital loan for CSSC to release CSSC’s capital pressure and support its development. Meanwhile, the ship financial leasing business develops fast and has become the main channel of ship financing, only followed by bank loan. Statistics suggests: have only Minsheng Financial Leasing Co., Ltd, BCM Financial Leasing Co., Ltd and China Ship (Hong Kong) Aviation Leasing Co., Ltd built over 4 million DWT of ship and contributed large-amount of orders for shipbuilding industry in China by financial innovation.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Veronica helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

Global Marine Valves and Actuators Market 2017-2021

  • $ 3500
  • Industry report
  • June 2017
  • by Infiniti Research Limited

About Marine Valves and Actuators Valves in marine applications are devices that regulate, control, and direct the flow of fluids such as liquids, slurries, gases, and fluidized solids by closing, opening, ...

Global Shipbuilding Market Report: 2017 Edition

  • $ 800
  • Industry report
  • May 2017
  • by Koncept Analytics

The shipbuilding industry is responsible for the design and construction of oceangoing vessels all around the world. The shipbuilding industry is involved in the construction and modification of ships ...

Ship Repairing and Conversion in China - Industry Market Research Report

  • $ 1090
  • Industry report
  • March 2017
  • by Ibisworld

Ship Repairing and Conversion in China Businesses in the Ship Repairing and Conversion industry in China are primarily engaged in the conversion, dismantling and repair of metal and nonmetal ships, as ...


ref:plp2015

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.