Your current location >> Press Release
On
November 27, 2020, the Shanghai Jing'an People's Court (the "Court")
held a symposium on optimizing the business environment of the finance lease
industry and to release the 2019 white paper on the trial of financial cases.
Vice President Zhu Jianguo briefed about the relevant situation.
According
to the White Paper, from 2014 to 2019, the Court concluded a total of 4,712
cases concerning finance lease contracts, including 4,599 (97.60%) cases
involving vehicle financing and leasing contracts, which have a compound annual
growth rate of 123.45%. Most of the cases are about sale-leaseback of vehicles,
especially of new ones.
To
reduce disputes over vehicle financing and leasing and optimize the business
environment, the White Paper offers the following suggestions: one, increasing
the publicity of the finance lease industry and strictly controlling the credit
review of potential customers; two, making sure that the text and format of
contracts are proper and that the whole online signing process is trackable;
three, accelerating the establishment of online registration platform to
promote the information sharing among related industries; four, enhancing the
supervision of the finance lease industry and regulating the practices in
related industries; five, promoting the sound development of the finance lease industry
by doing business in strict accordance with the law.
