Business Description
Operating lease
Refer to the business activity in which tangible personal property or immovable property is transferred to others for use within agreed time, without change of the ownership of the leased property. The lessee using this way does not intend to finally own the leased property and will not reflect the property as fixed assets in his financial statement; the lessee can choose this way for the purpose of avoiding equipment risk or making off-balance sheet financing, or using some tax preference policies.
