China Huirong sets up joint ventures with Guochuang Technology to enter aircraft leasing
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China Huirong Financial Holdings Limited (01290) announced on September 24, 2026, that its indirect wholly-owned subsidiaries, Huifang Investment and Huifang Technology, have entered into a joint venture agreement with Guochuang Technology. The agreement establishes two joint ventures: a Hong Kong company (49% owned by Huifang Investment, 51% by Guochuang Technology) with a share capital of HKD 50,000, and a China company (49% owned by Huifang Technology, 51% by Guochuang Technology) with a registered capital of USD 2.5 million. The China JV also involves a guarantee commitment of USD 14.42 million and shareholder loans of USD 3.68 million, with the group's total consideration and guarantees amounting to approximately RMB 68.1445 million. The joint ventures aim to acquire and lease aircraft, generating stable rental income and potentially selling aircraft to realize asset disposal gains. China Huirong views this as an extension of its special asset investment business, leveraging Guochuang Technology's expertise to diversify its asset allocation and support long-term strategic development.
Source report
Hong Kong, September 24, 2026 — China Huirong Financial Holdings Limited (Stock Code: 01290) announced today that its two indirect wholly-owned subsidiaries, Huifang Investment and Huifang Technology, have entered into a joint venture agreement with Guochuang Technology.
Joint Venture Structure
Under the agreement, two joint venture companies will be established:
- Hong Kong Joint Venture: Held 49% by Huifang Investment and 51% by Guochuang Technology
- China Joint Venture: Held 49% by Huifang Technology and 51% by Guochuang Technology
Both joint ventures will engage in the acquisition and leasing of aircraft.
Capital and Financial Commitments
| Item | Amount | Contribution Ratio | |------|--------|-------------------| | Hong Kong JV issued share capital | HKD 50,000 | 49% (Huifang Investment) / 51% (Guochuang Technology) | | China JV registered capital | USD 2.5 million | 49% (Huifang Technology) / 51% (Guochuang Technology) | | China JV guarantee commitment | USD 14.42 million | 49% (Huifang Technology) / 51% (Guochuang Technology) | | China JV shareholder loan | USD 3.68 million | 49% (Huifang Technology) / 51% (Guochuang Technology) |
The total consideration and guarantee commitments payable by the Group in connection with the establishment of the joint ventures amount to approximately RMB 68.1445 million.
Strategic Rationale
Through the establishment of the joint ventures, the Group aims to leverage Guochuang Technology's experience and expertise to gain access to the aircraft leasing business.
The joint ventures will acquire and lease aircraft to generate stable rental income. In line with cyclical changes in the aviation industry, the Group will also seek potential buyers to sell aircraft at opportune times, thereby realizing asset disposal gains and enhancing overall investment returns.
The aircraft leasing business is viewed as a further extension of the Group's special asset investment operations. By partnering with Guochuang Technology, an experienced aircraft management specialist, the Group intends to explore new development opportunities in aviation asset investment, diversify its asset allocation structure, implement a diversified business strategy, and support its long-term strategic development.
Source
智通财经Eastern
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China Huirong forms joint ventures with Guochuang Technology for aircraft leasing