Recently, JIC Leasing was officially named vice president of the China Association of Small and Medium Enterprises (CASME). This will further enhance the company’s ability to serve small and medium companies, and improve its role in alleviating financing difficulties and costs for such enterprises.

Founded in 2006, the CASME is a national small and medium enterprise public service demonstration platform, and a 5A association. It has 230,000 members across China, mostly in advanced manufacturing, new generation electronic information technology, biomedicine, new energy and new materials and other industries, including Specialized, Fined, Peculiar and Innovative small and medium enterprises. These are all highly consistent with the showcase industries of JIC Leasing’s five strategic business areas. As vice president of CASME, JIC Leasing will deepen its cooperation, give play to its strengths, integrate resources, expand the channels and capabilities of small, medium and micro enterprises, and enhance service quality and efficiency.

As the “blood capillaries” of the national economy, small, medium and micro enterprises are the main force in stabilizing the market and ensuring employment. Their financing problems are the main pain points and challenges to be addressed when advocating inclusive financing in China. Actively shouldering its responsibility as a state-owned enterprise, JIC has continuously increased its financial leasing service efforts for small, medium and micro enterprises, and cumulatively issued over RMB 50 billion in funds since 2019.

In 2022, JIC Leasing rolled out a number of new projects serving small, medium and micro enterprises. For instance, in order to meet the business research and development needs of a data center service provider in Beijing, JIC Leasing provided RMB 25 million, using the servers, storage controllers and other equipment as leased property to support the development of the latest generation of cold cloud storage systems for enterprises. After the system has been implemented, energy consumption and storage costs can be significantly reduced. JIC further provided financial leasing services to a phase II production line technical improvement project of a small and micro enterprise in the new environmental protection and energy saving building materials industry. As part of this, the company issued RMB 15 million for newly purchased equipment as leased property, in order to support the project’s development and promote energy conservation and carbon reduction in green buildings.

JIC Leasing has primarily increased support to Specialized, Fined, Peculiar and Innovative enterprises. With their strong innovation and growth capabilities, these enterprises are an important force for research and innovation in science and technology, and a vital prop for driving China’s high-quality economic development. As described in the 2022 Government Work Report, efforts should be made to “primarily foster Specialized, Fined, Peculiar and Innovative enterprises, and vigorous support should be provided in terms of capital, talent and incubation platforms”. In recent years, JIC Leasing has provided financial leasing services to small and micro Specialized, Fine, Peculiar and Innovative enterprises in such areas as new infrastructure, energy conservation and environmental protection, aerospace and aviation, new energy, new materials, advanced manufacturing and security, in order to support their ongoing development.

Committed to reducing financing costs for small, medium and micro real enterprises, JIC Leasing has actively responded to the national call for stabilizing the overall economic market and providing benefits to these types of enterprises in response to the macroeconomic slowdown and recurrent epidemic outbreaks. More business resources have been provided to small, medium and micro enterprises, with client pricing reduced and additional resource support provided, including green channels for review and priority delivery. For clients with temporary production and operations difficulties due to the epidemic, suitable support measures, including default interest reduction, rent postponement and rent adjustment schemes, have been implemented to help these enterprises tide over their difficulties.