How will the tax rebate policy apply to financial leasing companies operating in the FTZ?
A: Financial leasing companies registered in the FTZ or those having a subsidiary in the FTZ, both foreign-owned and Chinese-owned, can enjoy the tax rebate policy. A foreign-owned financial leasing company should be licensed by the Ministry of Commerce. A domestic company should be licensed both by the Ministry of Commerce and the State Administration of Taxation to enjoy the policy. A subsidiary, also called special-purpose vehicle (SPV), refers to the legal entity set up for the specific purpose of isolating risks and obtaining overseas funds.