JIC Leasing was recently approved as an asset-backed optimized approval issuer on the Shanghai Stock Exchange (“SSE”). This approval is a reflection of SSE’s recognition of JIC Leasing’s market and industry status, and also represents a great encouragement from the regulatory authorities to JIC Leasing’s financing in the capital market. This further established the company’s high-quality image among regulatory authorities and in the capital market.

According to the “No. 3Applicable Guidelines on the Listing Condition Confirmation Rules for Asset-Backed Securities—Classification Review (SSE [2022] 166)” issued by the SSE at the end of 2022, approval is primarily provided for high-quality enterprises with significant industry status, good market recognition, an advanced corporate governance structure, sound financial status, varied experience in asset securitization financing, and with mature information disclosure mechanisms.

In recent years, JIC Leasing and its subsidiaries, as original equity holders of asset-backed securities (“ABS”) projects, have issued multi-phase ABS financial leasing products, which have been well received by market investment institutions. The approval reflects JIC Leasing’s continued stability and good credit qualification, and will further improve the issuance efficiency of other ABS products.

In the future, JIC Leasing will continue to increase its financial offerings, optimize financing structures, inject fresh vitality into the capital market, and help the development of the real economy.