1、Default Footer text on all slides is“S&P Global Ratings”to change/remove use Insert Tab Header&Footer Enter/change text Click Apply All.Always copy slides into a new presentation using Paste Options/Paste Special Use Destination ThemeThis report does not constitute a rating actionChina Equipment Lea

2、se ABS Market OverviewStructured Finance Ratings TeamMarch 7,2023Default Footer text on all slides is“S&P Global Ratings”to change/remove use Insert Tab Header&Footer Enter/change text Click Apply All.Always copy slides into a new presentation using Paste Options/Paste Special Use Destination ThemeT

3、odays Agenda2Default Footer text on all slides is“S&P Global Ratings”to change/remove use Insert Tab Header&Footer Enter/change text Click Apply All.Always copy slides into a new presentation using Paste Options/Paste Special Use Destination Theme3Finance Lease Market Dynamics In ChinaDefault Footer

4、 text on all slides is“S&P Global Ratings”to change/remove use Insert Tab Header&Footer Enter/change text Click Apply All.Always copy slides into a new presentation using Paste Options/Paste Special Use Destination ThemeIncreasing Penetration Rate Over The Past Decade 4 Growth in leasing balance slo

5、wed since 2018 Leasing penetration rate increased to around 10%in 2020Default Footer text on all slides is“S&P Global Ratings”to change/remove use Insert Tab Header&Footer Enter/change text Click Apply All.Always copy slides into a new presentation using Paste Options/Paste Special Use Destination T

6、heme5Default Footer text on all slides is“S&P Global Ratings”to change/remove use Insert Tab Header&Footer Enter/change text Click Apply All.Always copy slides into a new presentation using Paste Options/Paste Special Use Destination Theme7Type of Lease OriginatorsNumber of Leasing Companies in Chin