Tianjin becomes center for financial leasing

ICBC Financial Leasing Co Ltd, the largest financial leasing company by assets in Tianjin and established in 2007, will continue to strengthen its efforts to innovate in the field of financial leasing.

The company helped Ningbo Meishan-Island International Container Terminal Co Ltd to purchase equipment from other countries and took innovative measures to reduce taxes for the company in Sept 2015.

"This is done by duty-free leasing, a new type of leasing possible between companies in duty-free zones," said Tao Mei, vice-president of ICBC Financial Leasing.