JIC Leasing recently provided financial leasing services to a municipal heating enterprise in support of the stable operations and development of entities engaged in livelihood projects.

In the cold areas of northern China, winter heating is indispensable, and hence an important livelihood project. The heating enterprise financed for this project is located in an economically strong city in the north of the country. With a resident population of more than 8 million people, the city begins its central heating preparations every September. The enterprise is responsible for heat supply in the eastern urban area, and has a heating scale ranking among the top heating enterprises in the province. In order to support the preparations for municipal heating, the enterprise needs to carry out a series of preparatory work, including gathering fuel reserves, flushing, pressurizing and equipment commissioning. In recent years, heating fuel prices have remained high and the supply is increasingly tight. Therefore, in order to ensure timely heating and a warm winter for the local people, it is vital to have sufficient fuel reserves.

Fulfilling its social responsibility in this partnership, JIC Leasing provided liquidity support for the enterprise, so that its fuel reserve work for the winter can be smoothly carried out, guaranteeing heating for the people.