Research On Development Of Financial Leasing Industry In Tianjin Free Trade Zone

Financial leasing, also known as finance lease, is a special form of transaction which integrates financing and melting as a whole. Lessor provides capital and required equipment to lessee. Financial leasing, integrating trade, finance, service as a whole, is the second-largest financing tool preceded only by bank credit. China's financial leasing industry started in the Reform and Opening period. It maintains a good momentum of development since started. In 2014,the State Council approved the establishment of Tianjin Free Trade Zone, which includes East Bonded Port Area, Tianjin Port Free Trade Zone and Binhai New Area Central Business District. The FTA exerts the EBPA's radiation effects to the fullest to power the development of Tianjin and its surrounding areas. The East Bonded Port Area becomes our country's veritable aircraft and ship financial leasing industry cluster. Firstly, this paper expounds basic concepts of financial leasing. It includes definition, category based on the industry and business development, 8 formal leasing modes and it classification, contrast with bank credit and commercial standing. Then the paper analyses how financial leasing stimulates investment demand, drives GDP growth, promotes technological progress and the mechanism. Lastly, this paper points out that there exists 4 obstacles which restricts the development of FTA financial leasing industry:the tax system is imperfect, the regulatory system is defective, short of financing channels and The market exit mechanism is not perfect. Based on the above issue, the paper put forwards 4 targeted proposals.