Financial leasing firms aim for bigger role in international market

China's financial leasing companies are enhancing their competitiveness in the global markets to give stronger support to the overseas expansion of Chinese companies and the exports of high-end equipment.

"International development has become an essential feature and core competence of our company," said Zhao Guicai, president of ICBC Financial Leasing Co Ltd, in Beijing on Friday.

By the end of 2015, total assets of the company reached nearly 300 billion yuan ($45 billion), with businesses in 40 countries and regions. Among the total, 40 percent was international business and 50 percent was denominated in US dollars.