Abstract: According to her commitments, China's aircraft leasing market has been fully open to foreign leasing companies, which have taken the place of dominant lessors in Chinese market. China has already ratified the Cape Town Convention and the Aircraft Protocol, which will make a significant impact upon competing interests in Chinese leasing market for aircraft. The dominance of foreign leasing companies, the rising of Chinese or Sino-foreign leasing companies, and gaming between the lessor and the lessee in the aircraft leasing market will all be affected by the Cape Town Convention and the Aircraft Protocol. These instruments have become effective to China since 1 June 2009, but no change has been made to the Chinese law so far. The paper argues that it is necessary to revise and improve Chinese domestic law thoroughly for the purpose of not only meeting China's international obligations, but also establishing a market order which maximizes the best interests of Chinese lessors and lessees.