Project financing for Lease service is a special type of financing accorded to financial institutions (a.k.a. lessors, which include financial departments of group corporations, trust and investment companies and leasing companies) engaged in leasing business with permission from the China Banking Industry Regulatory Commission. The loans are expected to used for the assignment of right to accrued rent from the lessor, or for the lessor to purchase assets to be leased to the lessee, while the rent payment by the lessee will be used to repay the financing.

Modes of Services
There are two modes for this service, namely, factor and Loans.

Compulsory Qualification for Institutional Lessors Applying for Project Financing for Lease Service
1.  With legal nature of business, highly efficient management, and normal operations;
2.  With quality assets and strong ability in risk control;
3.  With explicit market positioning, stable lease operation at moderate scales;
4.  With high credibility, good reputation, complete financial system, but no record of bad practices;
5.  Equipped with a team of competent professionals;
6.  With rich experience in project management.

Compulsory Qualification for Institutional Lessees Applying for Project Financing for Lease Service
1.  Corporate legal persons with normal production operations;
2.  Satisfactory financial status and complete financial system;
3.  Good reputation and band relations; no record of bad practices;
4.  In line with basic conditions deemed as necessary by the China Merchants Bank for loan
     business.

Documents Needed for Institutional Lessors to Apply for Project Financing for Lease Service

1.	Letter of application for factor or loans;
2.	Financial lease contract, pertinent agreements, and other valid document proofs;
3.	Purchase contract;
4.	Proof of property right to leasing object;
5.	Feasibility research report on leasing project;
6.	Financial statements in the previous year and recent times of the institutional lessor and lessee, audited by independent accounting firms;
7.	Documents proving the legality of the institutional lessor and lessee, which include business licenses, reports on verification of capital, permission for incorporation, corporate charters, proof of legal representative, legal person authorization letter, etc.;
8.	All documents pertaining to risk control measures taken by the institutional lessor;
9.	Other documents deemed as necessary by the Bank.