"The development of financial leasing business of medical devices can reduce investment costs and enhance profitability. With the help of financial capital, it can drive the upstream and downstream in-depth development of the medical and health industry, and can build a whole industry chain of high-end medical treatment, health care, medical device manufacturing, and drug manufacturing." On the 18th, at the conference on financial leasing of medical devices held in Xiamen Free Trade Zone, the relevant person in charge of the management committee of Xiamen Free Trade Zone said.
With the development of the economy, increasing population, and aging society, the medical device industry has become one of the fastest growing industries in the world today. According to preliminary statistics, as of July this year, the national medical device leasing amount is close to 150 billion. The relevant person in charge of the Xiamen Free Trade Zone Management Committee expressed the hope of fully utilizing the policy advantages of the free trade zone, allowing more leasing companies to establish professional subsidiaries or SPV companies in Xiamen to carry out business, and promoting the formation of a financing leasing industry cluster.
It is reported that since its listing on April 21, 2015, the Xiamen Free Trade Zone has vigorously promoted the construction and development of a regional financial leasing industry cluster, built a platform for integrating industry and finance, identified the financial leasing industry as a key supporting industry, and introduced a series of policy support measures. As of July this year, there are 127 financing leasing companies in the Xiamen Free Trade Zone, and a large number of central enterprises, state-owned enterprises, listed companies, and large private enterprises have established financing leasing companies in the Xiamen Free Trade Zone. The financing leasing industry has formed a clustering effect in the Xiamen Free Trade Zone.
At present, the Xiamen Free Trade Zone is actively encouraging innovative financing leasing business models, enhancing the function of financial services for the real economy, and encouraging financing leasing companies to carry out bonded leasing business, simplifying the import customs declaration and filing process for large medical equipment purchased from overseas. At the same time, we are actively building a "nanny style+expert" financial leasing service team, and preparing to establish a financial leasing association to provide policy consultation, tracking services, and other work.
The reporter learned that in the next step, the Xiamen Free Trade Zone will actively create a gathering area for medical leasing companies, introduce supporting policies for medical device financing leasing, leverage the capital support advantages of financing leasing, and form the characteristics of medical leasing in the Xiamen Free Trade Zone. In addition, a comprehensive financial service platform featuring medical leasing will be established, gradually developing the Xiamen Free Trade Zone into a comprehensive financial service platform featuring medical leasing, integrating financial services such as medical enterprise investment, medical innovation, research and development achievements transformation, information sharing, financing leasing, and commodity trade, creating a complete industrial chain of medical industry clusters.
Special Purpose Vehicle, abbreviated as SPV. In the securities industry, SPV refers to special purpose vehicles, also known as special purpose institutions/companies, whose function is to purchase, package securitized assets and issue asset-backed securities based on them in the process of offshore asset securitization, in order to raise funds from foreign investors. It refers to a special entity that accepts the asset portfolio of the initiator and issues securities backed by it.
The business scope of SPV (Special Purpose Vehicle) is strictly limited, so it is a high credit rating entity that generally does not go bankrupt. SPV holds a special position in asset securitization, as it is the core of the entire asset securitization process, and all participants will work around it. SPV has two main forms of expression: Special Purpose Company (SPC) and Special Purpose Trust (SPT). Generally speaking, SPVs do not have a requirement for registered capital and generally do not have fixed employees or office space. All functions of SPVs are pre arranged to be dispatched to other professional institutions. SPV must ensure independence and bankruptcy isolation. When an SPV is established, it is usually owned by charitable or unrelated organizations, so that the SPV operates in accordance with established legal provisions and does not generate conflicts of interest and favor one party. The assets and liabilities of SPV are basically equal, and its surplus value is basically negligible. SPV can be a legal entity. SPV can be a shell company. SPV can also be an intermediary with national credit.