SFS Establishes own Leasing Company in China
Siemens Financial Services (SFS) is expanding its financing business into the Chinese market. The company announced the launch of a proprietary leasing company in China, the “Siemens Finance and Leasing Ltd” (SFLL). SFLL has been awarded the leasing licence by relevant government bodies and is one of the first 100 per cent foreign owned lessors in the financial services sector in China. Few international companies currently offer equipment leasing in this market. SFLL is a fully owned subsidiary of Siemens, China, headquartered in Beijing. The company will provide its services to customers of Siemens as well as to external vendor partners in China. “By entering China, we recognize the growing need for sales financing solutions in this important market,” commented Kari Kupila, head of the worldwide division, equipment and sales financing, at Siemens Financial Services.