租賃業

Chinese leasing groups grease lending wheel

International Far Eastern Leasing, based in Shanghai, is set to be the first Chinese leasing company to go public after its filing with the Hong Kong stock exchange last month.

A successful listing – which people close to the company say could value the company at more than $1bn – would vindicate the early investments by its backers, Sinochem and a consortium led by KKR, the private equity group.

It turns the spotlight on a sector that has come to be an important source of funding for cash-starved small and medium-sized enterprises in China.

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