Agricultural Bank of China Financial Leasing's branch in the Lin-gang Special Area has recently delivered a Pratt & Whitney engine to a domestic airline, marking the area's first imported engine financing lease.

Pratt & Whitney engine. [Photo/WeChat ID: shlgguanweihui]

Leveraging its policy, institutional, locational, and industrial advantages, the Lin-gang Special Area is fostering a burgeoning financial ecosystem with a focus on financing leasing.

The area has seen significant growth in leasing activities, particularly for aircraft and ships, maintaining an average annual growth rate of 20 percent.

Notable achievements include China's first special purpose vehicle integrated circuit financing lease and China's first renminbi settlement for the export lease of a domestic aircraft.

In March, Lin-gang Special Area launched a one-stop financing leasing service platform, collaborating with foreign exchange, customs, maritime, aviation, taxation, and market regulation authorities to enhance service levels in the leasing sector.