Zhitong Finance App learned that on December 5, the State Financial Supervision and Administration issued a notice to issue the “Administrative Measures on Financial Leasing Business of Financial Leasing Companies”. It points out that financial leasing companies should establish leased property and tenant entry management policies and update them regularly in accordance with national policies and regulatory regulations, in line with their own business development plans and risk appetite. Financial leasing companies should establish due diligence systems and management systems, standardize due diligence operation procedures, clarify due diligence work requirements, and ensure the independence, authenticity and effectiveness of due diligence. Financial leasing companies shall conduct objective, impartial, and careful investigations of leases, tenants, guarantors, collateral, etc. through effective methods and regulatory procedures, grasp the ownership and value of leased property, understand the operating, financial and credit status of tenants, guarantors and other credit-enhancing entities, and ensure that the financial leasing business is real and risk-manageable.

Zhitong Finance App learned that on December 5, the State Financial Supervision and Administration issued a notice to issue the “Administrative Measures on Financial Leasing Business of Financial Leasing Companies”. It points out that financial leasing companies should establish leased property and tenant entry management policies and update them regularly in accordance with national policies and regulatory regulations, in line with their own business development plans and risk appetite. Financial leasing companies should establish due diligence systems and management systems, standardize due diligence operation procedures, clarify due diligence work requirements, and ensure the independence, authenticity and effectiveness of due diligence. Financial leasing companies shall conduct objective, impartial, and careful investigations of leases, tenants, guarantors, collateral, etc. through effective methods and regulatory procedures, grasp the ownership and value of leased property, understand the operating, financial and credit status of tenants, guarantors and other credit-enhancing entities, and ensure that the financial leasing business is real and risk-manageable.