29 October 2024
On 29 October 2024, the Office of Financial Commission of the CPC Committee of Shenzhen Municipality (“the authorities”) issued the “Notice of Issuing the “Implementation Plan for Promoting High-quality Development of Financial Leasing in Shenzhen Municipality”” (“the Implementation Plan”). The Implementation Plan supports eligible leasing companies to collaborate with Hong Kong in conducting financing leases, for such as aircrafts, ships, automobiles, and actively exploring cross-border leasing and cross-border transfer of leased assets. The authorities shall provide interest subsidy of up to 50% of the actual interest expenses incurred in purchasing equipment through financing leases, with a maximum subsidy of RMB 5 million.