ICBC provides RMB1.7B equipment leases to SMEs in first 6 months

ICBC Leasing is giving tailored financial leasing solutions are provided to assist SMEs in production expansion and improvement.

Just within the first six months of this year, ICBC Leasing has provided equipment financial leasing of nearly RMB 1.7 billion to 62 small and mid-sized businesses, which are important for them to loom large.

The SME equipment leasing is a service in which the leasing company buys the equipments from suppliers stated by the SMEs or directly buys the equipments owned by the SMEs, and then rents the equipments to the SMEs as agreed in the contract and collects the rent.