China’s Financial Leasing Assets Reach 5.23 Trillion Yuan as Tech Surges

China's financial leasing industry reached 5.23 trillion yuan ($726 billion) in total assets by the end of 2025, growing 7.89% year-on-year, according to data from the China Banking Association published by People's Daily. The sector's expansion was driven by rapid growth in technology-focused leasing, particularly computing power assets, which surged 109.89% to 97.262 billion yuan, and energy storage assets, which rose 154.66% to 56.732 billion yuan. Meanwhile, overall asset quality improved as the non-performing financing leasing asset ratio fell steadily to 0.91%.

The triple-digit growth in computing power and energy storage leasing shows that financial leasing institutions are serving as key funding pipelines for China's high-tech physical infrastructure and energy transition.

China's financial leasing sector expanded steadily through late 2025, supported by a sharp acceleration in direct funding for high-tech infrastructure and green energy hardware, according to figures released by the China Banking Association and reported by People's Daily. Total assets across the national financial leasing industry reached 5.23 trillion yuan by the end of 2025, marking a 7.89% year-on-year increase. Asset quality across the sector also showed improvement, with the non-performing financing leasing asset ratio dropping steadily to 0.91%. Industry reports highlighted that risk governance efforts have yielded positive outcomes, enhancing the sector's overall resilience against financial default. A primary growth engine for the sector has been its alignment with China's national policy emphasis on developing target high-tech sectors. Financial leasing firms have increasingly pivoted away from legacy real estate and municipal funding mechanisms toward technology and industrial innovation. According to the association's report, leasing assets dedicated to computing power reached 97.262 billion yuan at the end of 2025, surging 109.89% year-on-year. Similarly, leasing asset balances for new energy storage systems expanded by 154.66% year-on-year to hit 56.732 billion yuan. The report noted that financial leasing institutions are actively expanding application scenarios into additional emerging sectors, including commercial spaceflight and the low-altitude economy. By deploying structured asset finance to reduce upfront capital requirements for end users, financial leasing has established itself as a significant funding mechanism for high-tech physical hardware across the country.