China Country Baner 2015 540x200

 

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tick China’s leasing market has grown at a near-exponential rate since 2007, although the introduction of tighter monetary controls in 2011 and a temporary change in VAT regulation in 2013 briefly slowed the rate of growth.
tick China is the world’s largest car market and sales volume continue to rise, driven by a burgeoning, wealthy middle class. However, whilst awareness of leasing is relatively high, uptake of leasing as a financing option is very low, as ownership remains a powerful status symbol.
tick The current downturn in China's economy marks a shift to a lower but still relatively rapid growth path. This is likely to be more sustainable than the recent breakneck rate, and has been termed the ‘new normal’.
tick Growth remains driven largely by investment, but rapid bank and non-bank credit growth has fuelled financial stability concerns. The share of services has now overtaken that of manufacturing, but a pick-up in productivity in all sectors is needed.
tick FULL SUMMARY OF FINDINGS - SEE PAGE 3 OF THE SURVEY
 
INCLUDES LEADERS' INSIGHTS 
 
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  • Don Chan, director, IAA-Advisory
  • David Chen, head of Sales & Marketing, Société Générale Equipment Finance
    Greater China
  • Jeff WZ Chen, DFS program manager, Dell DFSi China
  • Paul Errington, chief executive officer, Connaught Finance Investments
  • Colin Fleischmann, director, White Clarke Group
  • Brendan Gleeson, group executive vice president, White Clarke Group
  • Alan Leesmith, international director, IAA-Advisory
  • Simon Liu, partner, KPMG in China
  • Yanping Shi, program director, Lease Research Centre; and professor in Finance,
    University of International Business and Economics, Beijing
  • Joh Sim Khuang, partner, LehmanBrown International Accountants, Beijing
  • Diwakar Singhal, senior vice president, Genpact
  • Richard Taylor, chief executive officer, Siemens Finance Services in China
  • Conrad Turley, senior manager, KPMG in China
  • Markus Weinseiss, president, CIT Asia
  • Lachlan Wolfers, partner, KPMG in China
  • Haitian Yang, chairman, China Leasing Alliance Institute of Tianjin Finance Lease
 

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