December 03, 2018

A new lease of life for transport

More airplanes and ships will be available in the city’s free trade zone for financial leasing after a one-stop service platform was established Thursday.

Ten companies, including China Eastern Airlines, China Southern Air Leasing and China Development Bank Leasing, signed cooperation agreements with the Shanghai Pilot Free Trade Zone and Lujiazui financial hub in the Pudong New Area.

The newly-established financial leasing industry development service center will integrate providers and government departments to offer a one-stop service to financial leasing companies.

The service will expand to the Yangtze River Delta.

Pudong also released a new set of policies yesterday. They include simplified procedures in leasing of imported planes and awarding money to financial leasing companies in fields of aviation and key equipment.

By the end of September, 1,804 financial leasing parent companies have registered in Pudong.