According to Reuters, China Shipbuilding Industry Corporation (CSIC) will launch a financial leasing unit as early as next year in order to increase orders at its shipyards.

Reuters, which cited comments made by CSIC president Sun Bo, said that no details have been laid out detailing how the unit will be financed or how much it will spend.

Reuters also noted that China State Shipbuilding Corporation, CSIC’s primary rival, launched its financial leasing unit in 2012.