Chinese leasing industry prepares for regulatory shake-up

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Chinese leasing industry prepares for regulatory shake-up

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(180408) -- BEIJING, April 8, 2018 (Xinhua) -- Chinese Vice Premier Liu He (1st R), also a member of the Political Bureau of the Communist Party of China (CPC) Central Committee, attends the inauguration ceremony of the China Banking and Insurance Regulatory Commission in Beijing, capital of China, April 8, 2018. (Xinhua/Ding Haitao) (lx) | Ding Haitao/Xinhua News Agency/PA Images

The China Banking and Insurance Regulatory Commission (CBIRC) published draft rules for the country’s leasing industry on Wednesday. The tighter supervision is likely to have limited impact on large leasing companies, but could drive out the smaller ones.

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