JIC Leasing recently provided financial leasing services to a leading enterprise in construction security in support of the engineering construction of a core project of a company under the China State Construction Group. Located in the Guangdong-Hong Kong-Macau Greater Bay Area, the project will further help energize the Greater Bay Area and unleash the potential momentum.

A latecomer to the construction security market, China has long been plagued by issues such as extensive management methods and safe production training during construction being a mere formality. In June 2017, the Ministry of Housing and Urban-Rural Development issued the Notice on the Promotion and Application of and Restriction and Prohibiting of the use of Technology in the Construction Industry during the 11th Five-Year Plan Period, which listed smart security equipment and supporting software systems as one of the first batch of technology for promotion and application. It provides a powerful policy guarantee for the rapid development of the smart security industry. In the context that the current market capacity development is less than 24%, there is huge potential in the smart security industry.

This partnership will vigorously promote the infrastructure construction of the Greater Bay Area. JIC Leasing will continue to stick to financial leasing and support the high-quality economic development of the Greater Bay Area.