| In 2005, total value of leasing contracts undertaken by the 22 members of the Taipei City Leasing Industry Association grew 7%, or NT$8.9 billion, to NT$136.2 billion, due mainly to the following factors: 1. The economy enjoyed steady growth. 2. Passenger-car leasing market continued to grow due to the active investments and marketing of member companies. 3. Due to the industrial transplantation, leasing market for machinery equipment, originally the mainstay of the domestic leasing market, has been gradually contracting and replaced by vehicle leasing.
In 2005, the Executive Yuan decided to switch the regulatory agency for the "Law for Financing Firms" to the Financial Supervisory Commission, from the Ministry of Economic Affairs originally, and the original contents of the draft legislation will be reviewed all over again. The passage of the law, long expected by the leasing industry, has become remote, as a result. |
