The Guangdong-Macao In-Depth Cooperation Zone in Hengqin made a significant breakthrough on April 10 in its aviation finance sector through the zone's first bonded leasing transaction for an imported aircraft, involving a Boeing 737-800 delivered to Hainan Airlines.
This operation was conducted under the guidance of the local Financial Development Bureau and supported by the Zhuhai Branch of the People's Bank of China, Hengqin Customs, and the Local Taxation Bureau.
The transaction utilized a Special Purpose Vehicle (SPV) established within the cooperation zone to facilitate the acquisition of the aircraft from overseas markets.
A key highlight of the deal was the implementation of remote supervision by Hengqin Customs in coordination with Haikou Meilan Airport Customs. By allowing the aircraft to be delivered directly to the airline's base rather than physically passing through the zone, the logistics and ferry flight costs were significantly reduced.
This streamlined approach bridges two of China's major "tiered management" policy zones—Hengqin and the Hainan Free Trade Port—creating a new corridor for cross-regional industrial synergy.
Since the second half of 2024, Hengqin's aircraft leasing industry has evolved rapidly. The sector has transitioned from leasing individual components, such as engines, to full airframes, while diversifying its business models to include duty-paid leasing, bonded leasing, and cross-border offshore leasing. This latest success marks the maturation of a diversified aviation leasing ecosystem within the region.
Looking ahead, Hengqin will continue to foster the local aviation financial environment. By encouraging more innovative leasing models and application scenarios, Hengqin aims to further consolidate its position as a burgeoning hub for modern financial services with increased regional influence.
Reporter | Guo Chuhua
Photo | Hengqin Online
