On March 24, the First Leasing Industry Investment and Financing Summit Forum (2023) was held in tandem with the Shanghai Financial Leasing Industry 2022 Innovative Financing Award—Jinquan Award ceremony in Shanghai. JIC Leasing Shanghai was honored with the Jinquan Award for Best Exchange Finance Innovation of the Year for its 2022 Phase II asset-backed securities (ABS) project.

The Jinquan Award is the first authoritative award for innovation in the financial leasing industry. It aims to explore and exchange best practice cases in investment and financing among various institutions in the financial leasing industry. It is jointly sponsored by the Shanghai Financial Leasing Industry Association and Shanghai Securities News under the guidance of the Shanghai Local Financial Regulatory Bureau.

The award-winning ABS project was worth slightly over RMB 1.1 billion. With the vigorous support of the Shanghai Stock Exchange, the Asset Management Association of China and investors, JIC Leasing Shanghai overcame the impact of COVID-19 and successfully issued securities, providing a guarantee to better serve the national strategy and support the development of the real economy.

At the awards event, JIC Leasing Shanghai attended the signing ceremony for key financial leasing projects as a representative financial leasing institution. The associated financing projects involved credit financing, exchange financing and a dealers association, worth approximately RMB 250 billion in total.

As a vice president organization of the Shanghai Financial Leasing Industry Association, JIC Leasing Shanghai will continue to introduce innovative financial services, fulfill the responsibilities of financial enterprises, and boost the development of the real economy.