Product Details
Because financial leasing companies have a banking background, they are generally included in the category of non-bank financial institutions. There are differences from general corporate financial leasing companies in terms of relevant foreign exchange management policies: First, the annual limit for borrowing short-term foreign debt by financial leasing companies requires approval by the foreign exchange authorities. , it is less difficult to obtain than domestic leasing companies, but medium and long-term foreign debt projects still need to be strictly approved by the National Development and Reform Commission. Second, foreign debt funds borrowed by financial leasing companies or their financial leasing project companies after approval are not allowed to be settled and used. Third, they can only be used for cross-border development. Financial leasing business cannot directly lend overseas, so financial leasing companies also have the defect that cross-border funds can only flow in one direction, and the demand for foreign exchange settlement of foreign debt funds is restricted. Fourth, financial leasing companies with a group background cannot achieve any goal under the current policy. This management form of centralized operation of foreign exchange funds. Fifth, in terms of cooperation with commercial banks, because they are positioned as interbank institutions, they cannot hedge capital risks by purchasing derivatives. Financial leasing companies transfer Shanghai names containing China
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