**Lingang New Area Expands Financial Leasing Pilot to 3.0 Phase, Signs 7 Billion Yuan in Projects**
On September 23, 2025, the Lingang New Area in Shanghai held its annual financial leasing innovation conference, announcing the third expansion of its SPV pilot policy. The new "3.0 phase" broadens eligible leasing assets to an "8+4+4" system including data centers, industrial robots, and mining equipment. Eleven key projects totaling nearly 7 billion yuan were signed, and two new platforms—a technology leasing service station and a research cooperation base—were launched. The policy is open to financial leasing companies nationwide.
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Lingang Leasing Innovation Enters 3.0 Phase with New Policies and 7 Billion Yuan in Projects
At the Lingang New Area Financial Leasing Industry Innovation and Development Conference on September 23, authorities announced a third round of policy expansion for financial leasing, expanding eligible asset categories to an '8+4+4' system covering data centers, industrial robots, and mining equipment. Eleven key projects totaling nearly 7 billion yuan were signed. Two functional platforms—the Lingang New Area Technology Leasing Service Station and the SUFE Dishui Lake Financial Leasing Research Center—were launched, marking the transition to a 3.0 phase of innovation. Lin He, deputy director of the Lingang New Area Management Committee's Financial Trade Division, stated that the area's leasing industry has achieved three landmark outcomes: leading institutional innovation, expanding business scale, and enhancing industrial empowerment. The new service station will offer integrated '随新租' services with products from banks including Bank of Communications Financial Leasing and Bank of China Financial Leasing. The area aims to deepen pilot innovations, facilitate more first-of-their-kind projects, and build a cross-border, offshore, and green leasing ecosystem.
Read sourceLingang Leasing Innovation Enters 3.0 Phase with New Policies and 7 Billion Yuan in Projects
At the Lingang New Area Financial Leasing Industry Innovation Conference on September 23, authorities announced a third expansion of financial leasing pilot policies, moving into a '3.0 phase' of business model innovation. The leasing scope now covers an '8+4+4' system, including data centers, industrial robots, and resource extraction equipment. Eleven key projects totaling nearly 7 billion yuan were signed, spanning data centers, industrial robots, cross-border equipment, and aircraft. Two new platforms were launched: a technology leasing service station and a research cooperation base. Officials stated that the policy expansion aims to deepen integration of finance with frontier industries, supporting 'Made in China' equipment going global and the 'East Data West Computing' project. The article highlights first-of-their-kind deals, such as the first SPV data center equipment lease by Bank of Communications Financial Leasing and a cross-border direct lease of mining equipment to Australia by Bank of China Financial Leasing. The new phase emphasizes using yuan settlement to hedge currency risks and building a full-service ecosystem for leasing companies.
Read source2026 Lingang Financing Leasing Innovation Conference Held, Focuses on Cross-Border and Aviation Leasing
The 2026 Lingang New Area Financing Leasing Industry Innovation and Development Conference was held in Shanghai on September 23. The event, themed 'Promoting Industry with Finance, Revitalizing Finance with Industry,' gathered industry enterprises, financial leasing institutions, airlines, and law firms to discuss cross-border leasing for Chinese manufacturing going global and global aviation asset allocation. Zhao Yihuai, a deputy director of the Lingang New Area Management Committee, stated that the area's GDP has grown from 41 billion yuan in 2019 to 136.6 billion yuan in 2025, an average annual growth rate of over 16%. Wang Chao from the National Financial Regulatory Administration announced a policy expansion allowing financial leasing companies nationwide to set up project companies in Lingang for leasing data center equipment, industrial robots, and aviation materials. The conference also saw the launch of a 'Technology Leasing Service Station,' the signing of 11 key projects totaling nearly 7 billion yuan, and the unveiling of an industry-academia-research cooperation base. Panel discussions highlighted that while cross-border leasing is a key tool for Chinese equipment exports, challenges remain in areas like foreign exchange, tax, and asset recovery. The event signals Lingang's acceleration from a policy pilot zone to a mature ecosystem for financing leasing innovation.
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Shanghai Lingang Zone Expands Leasing Policy, Opens Windows for Tech and Cross-Border Leasing
On September 23, 2025, the Lingang New Area in Shanghai held a financing lease innovation conference, announcing the third expansion of its financial leasing SPV pilot policy. The new policy, effective since June 2025, broadens eligible leasing assets to include data center equipment, resource extraction machinery, industrial robots, simulators, and aviation materials, adding to traditional aircraft and ships. It also supports foreign currency borrowing and cross-border RMB settlement. Lin He, deputy director of Lingang's Finance and Trade Office, stated the expansion aims to channel financial leasing into new productive forces like tech computing and high-end equipment. Examples cited include Bank of Communications Financial Leasing's first SPV data center project and Bank of China Financial Leasing's cross-border mining equipment lease to Australia. Eleven new projects totaling nearly 70 billion yuan were signed. The conference also launched a tech leasing service station and a research base with Shanghai University of Finance and Economics to support the ecosystem.
Read sourceShanghai Lingang Expands Financial Leasing Pilot to Cover Data Centers, Robots, and Aviation Equipment
On September 23, 2025, the 2026 Lingang New Area Financing Leasing Industry Innovation and Development Conference was held at Dishui Lake Financial Bay, where authorities announced the third expansion of the financial leasing (jinzu) pilot program. The expansion, supported by the National Financial Regulatory Administration and Shanghai regulators, allows national financial leasing companies to set up project companies in Lingang for leasing data center equipment, resource extraction equipment, industrial robots, flight simulators, and aviation materials. This marks the 3.0 phase of local financial leasing innovation. The Lingang Science and Technology Leasing Service Station was also launched, with founding members including Bank of Communications Financial Leasing, Bank of China Financial Leasing, and Changjiang United Financial Leasing, offering standardized products such as Kuaiyizu, Xinyizu, Keyizu, and Xinzhizu. Zhang Lei, assistant general manager of Shanghai Lingang New Area Economic Development Co., stated that Dishui Lake Financial Bay serves as the core hub for the leasing industry, leveraging Lingang's special economic zone advantages to attract head leasing institutions to set up SPV project companies for cross-border and offshore leasing. The article notes that 'leasing globally in Lingang' is gradually becoming a reality.
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