Recently, the State Administration of Financial Supervision and Administration of China revised and released the "Measures for the Supervision and Rating of Financial Leasing Companies", which provides guidance for further optimizing the regulatory rating system of financial leasing companies, effectively implementing classified supervision, and promoting the industry of financial leasing companies to serve the real economy. The head of the relevant department of the State Administration for Financial Regulation stated that in recent years, with the acceleration of the transformation of financial leasing companies, the differences in development strategies, business models, and operational capabilities among companies have become more prominent. The original regulatory rating method can no longer meet the needs of high-quality industry development and classified supervision by regulatory authorities. The revised "Rating Measures" emphasize the importance of financial technology. The Rating Measures integrate the rating elements of "management quality" and the content of corporate governance regulatory evaluation into the "corporate governance" element, add the element of "information technology management", and form five rating dimensions of "corporate governance, capital management, risk management, professional competence, and information technology management", with score weights of 20%, 15%, 30%, 25%, and 10% respectively, forming a more distinct regulatory orientation. Dong Ximiao, Chief Researcher of Zhaopin and Deputy Director of Shanghai Finance and Development Laboratory, stated that the revised "Rating Measures" have added the element of "information technology management" as one of the five major rating dimensions, fully reflecting the high importance attached to strengthening information technology management for financial leasing companies. This move aims to guide and supervise financial leasing companies to strengthen information technology management, continuously improve information technology system construction, prevent information technology risks, do a good job in digital finance, and continuously improve the level of information management and service efficiency for the real economy. In addition, the "Rating Measures" further optimize the setting of regulatory rating levels. The regulatory rating results are divided into 1-5 levels and S levels from excellent to poor, with 2 and 3 levels further subdivided into two levels: A and B. Financial leasing companies that encounter significant risks are directly classified as level 5. Financial leasing companies that are undergoing restructuring, takeover, or market exit can be classified as S-level and will not participate in the regulatory rating for that year. Dong Ximiao stated that financial regulation will strengthen graded and classified supervision for financial leasing companies with different ratings, and adopt different regulatory measures and methods. This not only helps to implement differentiated regulation, promote the survival of the fittest among financial leasing companies, improve the quality and level of market competition, but also helps to save regulatory resources and enhance regulatory efficiency. How should the regulatory rating results of financial leasing companies be used as the main basis for comprehensively measuring their operating conditions, professional capabilities, risk management capabilities, and risk levels? In this regard, the relevant department heads of the State Administration for Financial Regulation believe that regulatory authorities will dynamically adjust regulatory intensity, allocate regulatory resources, and adopt differentiated regulatory measures based on regulatory rating results. At the same time, regulatory authorities also regard regulatory rating results as an important prudential condition in handling market access work such as financial leasing companies applying to adjust their business scope, establish institutions, and issue capital instruments. They support financial leasing companies with good regulatory ratings to prioritize pilot innovative businesses, better reflecting the concept of hierarchical and classified supervision. In addition, for financial leasing companies whose regulatory rating results have decreased and no longer meet the qualifications for special business, regulatory authorities may suspend their operation of one or more special businesses in accordance with legal procedures. To prevent the suspension of business from causing significant negative impacts on institutional operations, regulatory authorities may also set a one-year observation period based on actual circumstances. During this period, relevant business activities will not be temporarily affected. Financial leasing companies should promptly rectify and standardize relevant issues, and strive to restore the regulatory rating results to the corresponding level in the next year. Against the backdrop of increasingly stringent regulatory ratings, financial leasing companies need to strengthen risk management and internal controls, actively leverage their unique advantages, and better serve the real economy. Data shows that there are currently about 70 financial leasing companies in China. As a non bank financial institution mainly engaged in financial leasing business, financial leasing companies will play a positive role in alleviating the financing difficulties of small and medium-sized enterprises by leveraging their unique advantages of "financing+financing". The Rating Measures are practical, implement classified supervision, and promote financial leasing companies to better serve the real economy. Du Yang, a researcher at the Bank of China Research Institute, stated that financial leasing companies have played an important role in serving the real economy. Under the guidance of the Rating Measures, financial leasing companies should actively use financial technology to improve their operational efficiency. It is particularly important to continuously strengthen risk management capabilities, attach strategic importance to risk management, establish a sound risk assessment and monitoring mechanism, expand diversified leasing business, and promote innovative development of leasing products and services. (New Society)