Cosco Shipping Leasing is aiming to raise cash and bring in new strategic investors through a listing plan in China.

The subsidiary of China Shipping Development (CSD) wants to float on the Shanghai United Assets and Equity Exchange, it said in a statement.

Cosco will retain control following the move, the size of which has yet to be announced.

It wants to "enhance the financial strength and promote the development of the leasing business," it said.