Bank of China Financial Leasing Co., Ltd. was established in 1984. It is a national non-bank financial institution supervised by the China Financial Supervision and Administration. It is the only leasing business platform under the China Development Bank and the first listed financial leasing company in China, with a registered capital of RMB 12.64,238 billion. The Group is a pioneer in the leasing industry in China. It is committed to providing comprehensive leasing services to high-quality customers in the fields of aircraft, ships, regional development, inclusive finance, green energy and high-end equipment manufacturing. It has leased assets and business partners in more than 40 countries and regions around the world, and has always maintained quasi-sovereign international ratings (Moody's A1, S&P A and Fitch A+). Since its listing in 2016, the Group's asset size has continued to grow, profitability has increased steadily, the non-performing asset ratio has remained below 1%, and the average return on equity (ROE) has remained above 10%. The Group actively carries out the responsibilities of state-owned financial enterprises, adheres to the fundamental requirements of financial services for the real economy, and continues to help high-quality development. The Group is the first domestic leasing company to promote the marketization and international operation of aviation leasing, established the first professional aviation subsidiary overseas, and ranked 11th in the world in terms of active fleet value. The asset quality, profitability and professional management level of the ship leasing business are in a leading position in the industry. The regional development leasing business focuses on the country's major regional development strategies, enhances the energy efficiency of regional financial services, and helps the high-quality development of the regional economy. The green energy and high-end equipment leasing business actively serves the country's “dual carbon” goals, promotes green energy transformation and structural optimization, and supports the development of advanced manufacturing and strategic emerging industries. The inclusive finance business responds positively to the national call, implements social responsibility, provides convenient financial services to micro, small and medium-sized customers, and promotes the in-depth development of construction machinery and vehicle leasing business. The Group will unswervingly follow the path of financial development with Chinese characteristics, closely follow the roots of leasing, and continue to inject financial momentum into the development of new types of productivity around the “Five Major Articles” on finance. As the country gradually establishes a modern industrial system, the Group has always adhered to the strategic position of “marketization, specialization, internationalization and digitalization”, continuously promoted product and business transformation and innovation, continuously improved the level of corporate governance, improved professional service capabilities, and formed a business development model with obvious core competitive advantages and outstanding sustainable development capabilities. In the future, the Group will continue to promote effective improvement in “quality” and reasonable growth in “quantity”, maintain steady development and leading edge in the industry, and continue to build a “world-class financial leasing company”.
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