Recently, JIC Leasing Shanghai unfolded its Phase 3 cooperation with a vocational college in Northern China by providing financial leasing funds to support the development of vocational education. 

The vocational college is the only higher vocational college rated excellent in the annual inspection for five consecutive years in the province. Its financial accounting specialization is one of the specializations with the greatest number of students and the best training conditions among the higher vocational colleges in the province. To seize the high quality development trend of vocational education and satisfy the requirements of upgrading to a vocational undergraduate university, the vocational college has actively prepared for the construction of the new campus since 2018. To solve the fund raising problem for the vocational college at the beginning of construction, JIC Leasing Shanghai has given play to its strength of financial leasing and provided funds to liquidize the remnant assets of the vocational college, enhance its asset utilization ratio, and relieve its financial stress.

Since JIC Leasing Shanghai initiated its Phase 1 cooperation with this vocational college, the total enrollment of students has increased by 80% and operating revenue has grown by 68.75%. Now included in the list of colleges to be upgraded to undergraduate universities in the province in the 14thFive-year Plan Period, this vocational college is expected to be one of the first vocational colleges upgraded to undergraduate universities in the province.

JIC Leasing Shanghai continues to provide funds for the cultural education sector to support the development of vocational education. Thus far, JIC Leasing Shanghai has applied this financing model to other reconstruction and expansion projects of other higher vocational colleges, and has helped about ten higher vocational colleges achieve infrastructure upgrading.