CIMC to add RMB8bn financial leasing business this year

Shanghai: China International Marine Containers (CIMC), a major container manufacturer, is expanding its financial leasing business through its subsidiary CIMC Financial Leasing.

“CIMC is expected to add RMB8bn financial leasing business this year,” said Zeng Beihua, managing director of CIMC Financial Leasing.

According to Zeng, currently CIMC Financial Leasing currently manages about RMB10bn worth of assets. It is also offering financial service to 14% of the total business volume of CIMC and has become an important growth point of the group. [18/07/14]

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