Dongjiang free trade zone expands leasing portfolio

Dongjiang Free Trade Port Zone of Tianjin, the world's second-largest airplane leasing market following Ireland, completed its first automobile exports via financial leasing late May.

"The move is part of the zone's efforts to enrich its business portfolio in the leasing sector, which has seen a number of pioneering projects in China," the free trade zone said in a news release.

Up to 80 percent of the country's airplanes, vessels and offshore engineering facilities' leasing businesses were inked in Dongjiang.