China's leasing industry, which has total fixed assets of 51.4 billion yuan (US$6.4 billion) at present, is likely to enter a relatively rapid growth period, as 12 new leasing companies have been approved for operation this year, and a considerable number of foreign-funded leasing companies have also entered the China market. China's leasing industry offers bright prospects for the future since infrastructure required for its development, such as accounting and taxations are already availible in the country. The penetration rate of China's leasing market is only 2% lower than the world average of 17%. The rate has reached as high as 33% in the US and also exceeded 20% in Japan and Europe. Experts hold that the rate should go up to 20% in China. Such a big gap also means a huge development potential.
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