After more than 25 years of development, China's leasing industry has failed to play its role in social and economic development, instead, it faces such problems as small-scale, being weak and scattered and disordered development.
Experts said that the industry is far from meeting the needs of the country's economic development and huge market demand.
They have pointed out three major problems existing in the sector:
- Firstly multi-channel administration. At present, China has three types of leasing companies under administration of three different departments, which conduct examining, approving and management of the industry.
