Today White Clarke Group announces the expansion of its local presence in China. White Clarke Group builds a support structure for its CALMS platform to meet local China market needs, given the imminent go live with a large German automotive captive finance company based in Beijing.
White Clarke Group, today announced the opening of their new office in Beijing. The announcement is timed to coincide with publication of White Clarke Group’s latest industry white paper, China Asset and Auto Finance Country Survey 2013.
“China is huge opportunity that has nowhere near reached its full potential.” said Brendan Gleeson, Director of Global Business Development and Strategy for White Clarke Group. “All the key drivers are in place – huge market size, fast growth rate and low penetration of leasing. New business volumes are forecast to grow by 30-50% in 2013 and government incentives are in place to encourage leasing activities in infrastructure development, renewable energy, and leasing finance for SMEs in particular.”
“It is also the largest auto market in the world. Currently, car leasing has a market share of only 10%, offering huge potential for growth in auto rental, leasing and fleet services.”
White Clarke Group reports a rapid rise in requests for its services in the region, and is currently managing a major new implementation programme of its end-to-end technology platform system across China. Brendan Gleeson goes on to explain, “We believe there is an opportunity to work with Chinese partners to develop our new operation in the People’s Republic into a hub to serve South East Asia.”
China Asset and Auto Finance Country Survey 2013
This latest leasing industry white paper from White Clarke Group analyzes recent market trends in the Chinese asset and auto finance market. It features insights from leading Chinese asset finance providers, as well as commentary from the Tianjin Leasing Association. It is distributed free of charge to White Clarke Group’s customers, which comprise over 100 leading automotive and asset finance providers in 27 mature and fast-growing markets worldwide.
China is a huge opportunity that has nowhere near reached its full potential