Aircraft Leasing in Hengqin: Inside the 2026 Guangdong-Macao Support Measures
- On 9 September 2026, the Hengqin Guangdong-Macao In-Depth Cooperation Zone issued the Measures supporting high-quality development of the aircraft-leasing industry through Guangdong-Macao linkage, effective from 30 September 2026 and running to 31 December 2030.
2026 年 9 月 9 日，横琴粤澳深度合作区印发《琴澳联动支持飞机租赁产业高质量发展扶持办法》，自 2026 年 9 月 30 日起施行，有效期至 2030 年 12 月 31 日。
- The scheme covers a broad definition of aircraft-leasing objects — airframes, engines, landing gear, auxiliary power units, flight simulators and eVTOL aircraft above set thresholds — and treats both direct/finance leases and operating leases.
办法对飞机租赁标的物作了宽泛界定，涵盖飞机整机、发动机、起落架、辅助动力系统、飞行模拟器以及达到规定门槛的电动垂直起降无人驾驶航空器，并将直租与回租、融资租赁与经营租赁一并纳入。
- A “business landing + sustained operation” double incentive rewards bonded direct leasing and bonded sub-leasing by reference to actual rent collected: a 1.6% landing award per year and a half-month rent award for each 12 months of lease term.
“业务落地 + 持续经营”双重扶持按实收租金对飞机保税直租与保税转租赁给予奖励：业务落地奖励按每年实收租金（不含税）的 1.6% 计算，持续经营奖励按租期每满 12 个月奖励半个月实收租金。
- Four types of bonded operating-lease business receive a further 0.5‰ per annum award on the asset value on top of the base standard, encouraging cross-border aircraft-asset circulation and life extension.
四类飞机保税经营租赁业务可在基础扶持标准之上按租赁标的物资产价值、根据租期每年给予万分之五的额外奖励，鼓励航空资产跨境流转与盘活。
- Macao-linked leases are specially supported: a 0.5% per-year award for leases to Macao lessees, and a one-off RMB 150,000 per aircraft for qualifying Macao-delivered deals, with a dedicated incentive for two-way Hengqin-Macao sub-leasing.
涉澳租赁获专项扶持：面向澳门承租人的租赁按租期每年给予实收租金千分之五奖励，符合条件且在澳门完成交割的交易按每架飞机给予 15 万元一次性补贴，并对澳琴双向联动转租赁设专项扶持。
- Domestic aircraft leasing and the aviation aftermarket are encouraged, with dedicated support for leasing domestically made civil aircraft and for dismantling, modifying and reselling used aircraft and parts bought into the zone.
办法鼓励国产飞机租赁与航空后市场发展，对国产民航客机租赁给予专项扶持，并对在区内购置老旧飞机整机开展拆解、改装、二手航材销售业务予以扶持。
- Support is claim-based and retrospective: the financial-development authority runs one central application round each year for the prior year’s qualifying activities, with foreign-currency amounts converted at the year-end central parity rate.
扶持属事后补贴：金融发展局每年度组织一次集中受理，申报上一年度相关扶持资金，外币计价按申报所属年度最后一个自然日的人民币汇率中间价折算。
Aircraft Leasing in Hengqin: Inside the 2026 Guangdong-Macao Support Measures | 横琴飞机租赁扶持新政：2026 年粤澳联动支持措施解读
Overview
On 9 September 2026, the Financial Development Bureau of the Hengqin Guangdong-Macao In-Depth Cooperation Zone issued the Measures on Supporting the High-Quality Development of the Aircraft-Leasing Industry through Guangdong-Macao Linkage (Financial Development Bureau Normative Document No. 1/2026). The scheme takes effect on 30 September 2026 and remains valid through 31 December 2030. It comprises fifteen articles in three parts and is the zone’s instrument for cultivating an aircraft-leasing cluster, deepening the lease-finance linkage between Hengqin and Macao, and extending the chain toward domestic aircraft and aviation aftermarket services.
The policy sits within a wider stack of Hengqin incentives — the 15% corporate income tax for encouraged industries, duty-free imports of self-use equipment, and customs facilitation measures — and is positioned as a sector-specific add-on that lowers the unit economics of parking aircraft-leasing business in the zone. For foreign lessors, aircraft-trading houses and aviation-finance special-purpose vehicles, the practical question is how the cash incentives line up with the保税 (bonded) customs regime and the Macao platform.
Scope and defined business types
The Measures define aircraft-leasing business by reference to the leased object. The covered objects are aircraft as a whole — civil passenger aircraft, freighters, helicopters, business jets, trainer and other general-aviation aircraft — and, above a set threshold, electric vertical take-off and landing (eVTOL) unmanned aircraft that carry persons or cargo with a maximum take-off weight above 150 kilograms or a single-transaction value above RMB 10 million. Engines, landing gear, auxiliary power units and flight simulators, as aviation-specific equipment, are also covered leasing objects.
By transaction structure, the business splits into direct leasing and leaseback. By accounting treatment, it splits into finance leases and operating leases. The Measures further reference bonded leasing and bonded sub-leasing, whose definitions follow the General Administration of Customs rules on leased bonded goods. This definitional breadth means a single lessor can structure several qualifying products — a bonded direct lease to a domestic lessee, a bonded sub-lease of a leased-back aircraft, or an operating lease of a second-hand imported aircraft — and potentially stack incentives across them.
The support measures in detail
The core incentive for bonded direct leasing and bonded sub-leasing is a “business landing + sustained operation” double award calculated on actual rent collected (excluding tax).
- Business-landing award. For qualifying lessors, the landing reward is computed at 1.6% of the annual actual rent collected (excluding tax). The brief expressly encourages operators in the zone to conduct bonded direct leases to domestic lessees with a lease term of not less than 24 months.
- Sustained-operation award. For each 12 months of lease term reached, the lessor receives a reward equal to half a month of actual rent collected (excluding tax); a final period of less than 12 months is rewarded on a pro-rata basis.
- Sub-lease parity. A transferee that acquires an aircraft by leaseback and conducts a bonded sub-lease may be rewarded under the same standards.
On top of the base standard, four types of bonded operating-lease business receive a further award of 0.5‰ per annum on the asset value of the leased object, by reference to the lease term: (i) an overseas aircraft-leasing asset traded into the mainland with the lease continued; (ii) introduction of a second-hand overseas aircraft under operating lease; (iii) re-lease of an originally bonded mainland aircraft with a changed lease; and (iv) operating lease of a “passenger-to-freighter” (P2F) converted aircraft. The extra award is designed to enrich the zone’s business mix and accelerate aircraft-asset circulation and life extension.
Macao and Hengqin linkage support
The Measures give dedicated support to Macao-linked leases, reflecting the zone’s mandate to help diversify Macao’s economy.
- Leases to Macao lessees. For lessors conducting aircraft-leasing business for a Macao lessee, a reward of 0.5% of actual rent collected (excluding tax) per year of lease term is available.
- Macao-delivered deals. Where a lease in the zone has a term of not less than 24 months, a single aircraft purchased at a value above RMB 80 million, and actual delivery completed in Macao, the qualifying lessor receives a one-off subsidy of RMB 150,000 per aircraft.
- Two-way Hengqin-Macao sub-leasing. The Measures set a dedicated incentive for two-way linked sub-leasing between Hengqin and Macao, encouraging exploration of transaction architectures that use Macao’s international window and the zone’s cross-border finance strengths.
The linkage logic is consistent with the zone’s broader “Macao + Hengqin” industrial-integration strategy: aircraft-leasing business landed in Hengqin is meant to help Macao raise its airport-service capacity and plug into the global aircraft-asset allocation system.
Domestic aircraft and aviation aftermarket
The scheme reaches beyond leasing into two strategic extensions.
- Domestic aircraft. Leasing of domestically made civil passenger aircraft receives dedicated support, aligned with the national strategy of promoting home-built large aircraft.
- Aviation aftermarket. Operators are encouraged to achieve full-life-cycle management of aircraft assets in the zone. Buying an entire aged aircraft directly and conducting dismantling, modification and used-aircraft-parts sales business within the zone is supported, pulling together leasing, trading, maintenance, dismantling and parts circulation as a coordinated set of activities.
These provisions broaden the zone’s ambition from being a leasing domicile to being an aircraft-asset management and aftermarket hub.
Application mechanism
The support is retrospective and claim-based. The Cooperation Zone’s Financial Development Bureau organises one central application round each year. The various supports are ex-post subsidies: in a given year, an applicant applies for the support funds relating to the prior year’s qualifying activities. The Bureau will, in due course, formulate an application guide and publish it through the official website and the official WeChat account.
For items denominated in foreign currency, conversion uses the central parity rate of the RMB published by the China Foreign Exchange Trade System under the authorization of the People’s Bank of China on the last calendar day of the application year. Applicants should therefore keep per-lease records — lease contracts, rent-receipt evidence and, where relevant, delivery and customs documents — because the awards are computed on actual rent collected and are auditable.
Practical considerations for foreign lessors and SPV
The Measures are a cash-incentive layer; they do not by themselves change the underlying regulatory perimeter. Foreign lessors and aviation-finance vehicles weighing a Hengqin footprint should note several practical points.
- Entity and tax framing. The awards are computed on rent collected in the zone, so the location of the leasing entity, the lease documentation and the rent-flow booking matter. The zone’s 15% CIT rate for encouraged industries and duty-free self-use-equipment rules are separate levers that should be modelled together with the leasing awards.
- Bonded customs interface. Because the headline incentives attach to bonded direct leasing and bonded sub-leasing, the structuring must sit cleanly inside the customs bonded-leasing framework. The definitions track the General Administration of Customs rules on leased bonded goods, so customs classification and the import/transfer mechanics of the aircraft need to be settled with the customs authority before rent accrues.
- Macao-linkage path. The Macao premiums reward real Macao nexus — a Macao lessee, or delivery completed in Macao. Deals should document that nexus (lessee residency, delivery evidence) to qualify for the higher rates and the per-aircraft subsidy.
- Aftermarket build-out. The aged-aircraft dismantling and parts-resale support rewards actual in-zone activity, not passive holding; operators should plan the physical presence, licences and qualified-personnel footprint needed for dismantling and parts trading.
- Timing and documentation. With one annual round and ex-post settlement, the discipline is to capture qualifying rent and supporting documents continuously and to watch the published application guide for windows and formats.
Sources
- 横琴粤澳深度合作区（政策解读）：《琴澳联动支持飞机租赁产业高质量发展扶持办法》解读：https://www.hengqin.gov.cn/macao2022/content/preview.html?id=3939361
- 粤港澳大湾区门户网（办法全文）：《横琴粤澳深度合作区琴澳联动支持飞机租赁产业高质量发展扶持办法》：https://www.cnbayarea.org.cn/policy/policyrelease/policies/content/post_1338147.html
- 横琴粤澳深度合作区官网（动态新闻：给力！横琴出台新政，扶持飞机租赁产业）：https://www.hengqin.gov.cn/macao_zh_hans/hzqgl/dtyw/dtxx/content/post_3939599.html
- 横琴粤澳深度合作区官网（政策与信息公开入口）：https://www.hengqin.gov.cn/
- 海关总署（保税货物租赁相关规定）：http://www.customs.gov.cn/
横琴飞机租赁扶持新政：2026 年粤澳联动支持措施解读
概述
2026 年 9 月 9 日，横琴粤澳深度合作区金融发展局印发《横琴粤澳深度合作区琴澳联动支持飞机租赁产业高质量发展扶持办法》（第 1/2026 号金融发展局规范性文件）。办法自 2026 年 9 月 30 日起施行，有效期至 2030 年 12 月 31 日。全文共十五条，分三部分，是合作区培育飞机租赁产业集聚、深化琴澳融资租赁联动、并向国产飞机与航空后市场延伸产业链的政策工具。
该政策位于横琴一揽子优惠之上——即鼓励类产业 15% 企业所得税、自用设备进口免税、海关便利化措施——是降低在区内落地飞机租赁业务单位经济性的专项叠加。对境外租赁公司、飞机贸易商与航空金融特殊目的载体而言，实务问题在于：现金奖励如何与保税海关监管、澳门平台相衔接。
界定范围与业务类型
办法以租赁标的物界定飞机租赁业务。覆盖的标的物包括飞机整机——民航客机、货机、直升机、公务机、教练机等通用航空飞机——以及达到规定门槛的电动垂直起降无人驾驶航空器：最大起飞重量超过 150 千克或单笔金额超过 1000 万元的载人或载货机型。发动机、起落架、辅助动力系统、飞行模拟器等航空专用设备，同样属于覆盖的租赁标的物。
按交易结构划分，业务分为直租与回租；按会计核算划分，分为融资租赁与经营租赁。办法另参照海关总署关于保税货物租赁的相关规定，界定保税租赁与保税转租赁。这一宽泛的定义意味着，同一家出租人可以设计多种符合条件的产品——面向境内承租人的保税直租、对回租取得飞机开展的保税转租赁，或对进口二手飞机开展经营租赁——并可能在多项业务上叠加享受扶持。
扶持内容详解
对飞机保税直租与保税转租赁的核心扶持，是按实收租金（不含税）给予的”业务落地 + 持续经营”双重奖励。
- 业务落地奖励。 对符合条件的出租人，按每年实收租金（不含税）的 1.6% 计算落地奖励。办法明确鼓励区内各类经营主体面向境内承租人开展租期不少于 24 个月的飞机保税直租业务。
- 持续经营奖励。 租期每达到 12 个月，出租人获得相当于半个月实收租金（不含税）的奖励；末期不满 12 个月的，按等比例给予。
- 转租赁同标。 以回租方式取得飞机、再开展飞机保税转租赁的转租人，可按前述标准获得奖励。
在基础扶持标准之上，四类飞机保税经营租赁业务可根据租期每年按租赁标的物资产价值的万分之五给予额外奖励：其一，境外飞机租赁资产交易至境内延续租约；其二，境外二手飞机经营租赁引进；其三，原境内保税飞机再租变更租约；其四，”客改货”飞机经营租赁。该额外奖励意在丰富合作区业务类型、加快航空资产跨境流转与盘活。
涉澳与澳琴联动扶持
办法对涉澳租赁给予专项扶持，契合合作区促进澳门经济适度多元的使命。
- 面向澳门承租人的租赁。 对符合条件的出租人面向澳门承租人开展飞机租赁业务的，按租期每年给予实收租金（不含税）千分之五的奖励。
- 在澳门完成交割的交易。 对在合作区开展、租期不少于 24 个月、单架飞机购入价值超过 8000 万元且实际在澳门完成交割的飞机租赁业务，对符合条件的出租人按每架飞机给予 15 万元一次性补贴。
- 澳琴双向联动转租赁。 办法对澳琴双向联动转租赁业务设置专项扶持，鼓励探索发挥澳门国际窗口功能与合作区跨境金融优势的交易架构创新。
联动逻辑与合作区”澳门+横琴”产业一体化战略一致：在横琴落地的飞机租赁业务，意在助力澳门提升空港服务能力、融入全球航空资产配置体系。
国产飞机与航空后市场
办法将扶持从租赁延伸至两项战略延展。
- 国产飞机。 对国产民航客机租赁业务给予专项扶持，与推动国产大飞机战略相衔接。
- 航空后市场。 鼓励在合作区实现飞机资产全生命周期管理。对直接购置老旧飞机整机并在区内开展拆解、改装、二手航材销售业务的，予以扶持，将租赁、交易、维修、拆解及航材流通带动为协同业态。
这些规定将合作区的目标由”租赁注册地”拓展为”飞机资产管理与后市场枢纽”。
申报机制
扶持属事后补贴。合作区金融发展局每年度组织一次集中受理。各类扶持为事后补贴性质：当年申报上一年度相关扶持资金。金融发展局将适时制定申报指南，并通过官方网站和微信公众号发布。
以外币计价的，按申报所属年度最后一个自然日中国人民银行授权中国外汇交易中心公布的人民币汇率中间价折算。申请人因此应留存逐笔租赁记录——租赁合同、租金收取凭证，以及交割与海关单证（如涉及）——因为奖励以实收租金为计算基础，且可接受审计。
对境外租赁公司与特殊目的载体的实务提示
办法是一层现金激励，本身不改变底层监管边界。衡量在横琴落地的境外租赁公司与航空金融载体，应注意以下实务要点。
- 主体与税务架构。 奖励以区内收取的租金为计算基础，因此租赁主体的所在地、租赁文件的签署地与租金流的记账地均很重要。合作区鼓励类产业 15% 企业所得税、自用设备进口免税属另一类杠杆，应与租赁奖励一并测算。
- 保税海关衔接。 由于头部奖励附着于保税直租与保税转租赁，交易架构须干净地落在海关保税租赁框架内。相关定义参照海关总署关于保税货物租赁的规定，故飞机的海关归类及进口、转关 mechanics 须在租金产生前与海关确定。
- 涉澳路径。 涉澳加成奖励真实的澳门关联——澳门承租人或澳门完成交割。交易应留存该关联证据（承租人居民身份、交割证明），以适用更高比例及每架补贴。
- 后市场布局。 老旧飞机拆解与航材销售扶持奖励区内真实经营活动，而非被动持有；经营者应规划拆解与航材交易所需的实体存在、许可与专业人员配置。
- 时点与留档。 每年一轮、事后结算，纪律在于持续抓取符合条件的租金与佐证材料，并关注发布的申报指南以确定受理窗口与材料格式。
来源
- 横琴粤澳深度合作区（政策解读）：《琴澳联动支持飞机租赁产业高质量发展扶持办法》解读：https://www.hengqin.gov.cn/macao2022/content/preview.html?id=3939361
- 粤港澳大湾区门户网（办法全文）：《横琴粤澳深度合作区琴澳联动支持飞机租赁产业高质量发展扶持办法》：https://www.cnbayarea.org.cn/policy/policyrelease/policies/content/post_1338147.html
- 横琴粤澳深度合作区官网（动态新闻：给力！横琴出台新政，扶持飞机租赁产业）：https://www.hengqin.gov.cn/macao_zh_hans/hzqgl/dtyw/dtxx/content/post_3939599.html
- 横琴粤澳深度合作区官网（政策与信息公开入口）：https://www.hengqin.gov.cn/
- 海关总署（保税货物租赁相关规定）：http://www.customs.gov.cn/