JIC Leasing recently issued the 2023 Phase II Assets-backed Securities (“ABS”) with a size of RMB 1.3 billion and a record low interest rate on the Shanghai Stock Exchange.

This successful ABS offering has been met with strong encouragement and support from the Shanghai Stock Exchange and Asset Management Association of China. In April 2023, JIC Leasing received approval from the Shanghai Stock Exchange on the application of this RMB 8 billion shelf ABS. This was the highest shelf amount approved for JIC Leasing so far, laying a foundation for subsequent corporate business development. This ABS offering is the first offering and the first win of the above-mentioned RMB 8 billion shelf ABS.

Since the beginning of 2023, JIC Leasing has been able to accurately seize the timing of issuance, conducted in-depth research on investors' investment preferences for ABS products, held a number of transaction and non-transaction roadshows, continued to deepen and broaden communication with investors, and obtained good results. This ABS offering attracted the active participation of 27 investors, including banks and financial subsidiaries, securities, funds and trusts, reflecting the recognition JIC Leasing enjoys with market and investment institutions.

In the future, JIC Leasing will practice new development concepts, innovate financing methods, optimize financing structures, help the development of the real economy, and practice corporate responsibility.