Booming leasing business

By Vera Ye | January 12, 2016, Tuesday |

Online Edition

HONG Kong-based Merdeka Financial Services Group Ltd has teamed up with local investment companies to develop financial leasing business, in an effort to grab a piece of the booming industry on the Chinese mainland market.

Merdeka, Shanghai Xunli Investment, and Shanghai-based investment holding company Guozhou Capital signed a cooperation agreement to further expand financial leasing businesses for state-owned enterprises and listed companies that are seeking to optimize financial structure and lower financing costs.

Under the agreement, Guozhou Capital will make cash injection into Merdeka to become its shareholder, the trio said, without providing financial details.

Merdeka and Xunli Investment have already set up a joint-venture financial leasing company Gangesriver Leasing (Shanghai) Co Ltd in 2012. By the end of last, the joint venture has realized more than 1 billon yuan (US$154 million) worth of financial leasing contracts.

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Booming leasing business

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