Shipbuilding giant China Shipping Industry Corp (CSIC), the “Northern group” of China’s state-owned yards, has become a late entrant into the increasingly crowded financial leasing sector.

Despite deep pockets and a willingness to invest in competitive third-party lease financings within shipping and in other sectors as well, the new CSIC Leasing Co Ltd is still building a team and not in a position to do deals yet, although observers believe one in-house deal is already lined up with a CSIC group yard.

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