On May 26, JIC Leasing successfully issued the 2023 Phase I Corporate Bonds at a size of RMB 600 million, with a maturity date of 2 years from now; this represents a record low interest rate for corporate bonds with the same maturity on the Shanghai Stock Exchange.

The corporate bonds were first purchased by an overseas institutional investor—the Development Bank of Singapore, which further opened up the investment channel for overseas investment institutions to invest in Chinese corporate bonds and continuously optimized the investor structure. 

Since 2023, JIC Leasing has continued to carry out bond market research and looked into policies for RQFII and other foreign institutional investors to invest in Chinese bonds, accurately seizing the timing of issuance and strengthening the close communication and linkage with cooperative banks, thus improving market coverage and further reducing the issuance cost of long-term bonds.

JIC Leasing will continue to thoroughly study the relevant policies related to the bond market along with investors' investment preferences, and make full use of product innovation to serve the real economy.