Shanghai Lingang New Area has released a new policy on financial leasing, expanding the scope of gold lease SPV business to new energy and other fields.

Recently, the Shanghai Lingang New Area has been advancing high-level institutional opening, and has announced the new policy of expanding the business scope of the "Lingang New Area Financial Leasing Project Company Pilot". This pilot project will expand the scope of leased assets of the original financial leasing project company to include four types of equipment such as new energy, power batteries, intelligent manufacturing, and industrial mother machines. The business entity will also be expanded to SPVs established by national financial leasing companies in Lingang. This is another strong innovative measure supported by the China Banking and Insurance Regulatory Commission to promote the development of financial leasing in Lingang New Area. Six financial leasing companies, including Bank of Communications Financial Leasing, Agricultural Bank of China Financial Leasing, China Merchants Financial Leasing, Taiping Petrochemical Financial Leasing, Industrial Bank Financial Leasing, and Changjiang Financial Leasing, have officially signed contracts as the first batch of pilot enterprises.