Recently, JIC Leasing obtained its first green cross-border loan from the DBS Bank. This loan will be granted to upstream manufacturers in a certain photovoltaic industry chain to support the transformation and upgrading of energy structure.

In accordance with the Green Loan Provinces of APLMA, this green cross-border loan’s investment fields comply with international green certification. In the external environment of increasing two-way fluctuations of the USD/RMB exchange rate, the withdrawal easing and rising interest rate expectations of the Federal Reserve, JIC Leasing and DBS Bank completed the green currency swap transaction, so as to effectively avoid the uncertainty of exchange rates and interest rates during the loan period. This loan not only reduces the JIC Leasing’s financing costs, but also effectively prevents exchange rate and interest rate risks.  

In an active response to the carbon peak and carbon neutrality strategies, JIC Leasing has continuously expanded its financing channels, actively introduced bank green credit products, advanced business model and product innovation, and allowed more direct funding to green assets via financing innovation. Practicing the green development concept and following the green and low-carbon development trend over the years, JIC Leasing has increased its support to clean energy, new-energy vehicles, industrial energy conservation, energy conservation and environmental protection, and fuel gas fields to contribute to green development.