On August 9, JIC Leasing successfully issued the first tranche of 2024 asset-backed securities (ABS) worth RMB 1.28 billion. The weighted average interest rate also hit a new low for issuance of this type of securities. The interest rate for preferred A1 fell under "2%" for the first time, going down to 1.99%.

Since the beginning of this year, JIC Leasing has communicated its recent business development plans and strategic coverage to the market, continuing to analyze the capital markets. In this way, the company has seized the latest issuance opportunity, carrying out in-depth bond roadshows. This tranche of ABS attracted more than 20 investors, with a subscription ratio of 6.86, reflecting the strong recognition and outstanding support of capital market investors for the company.

The successful issuance of this tranche of ABS was guided and supported by the Shanghai Stock Exchange. In the future, China Construction Investment Leasing will continue to carry out in-depth macro capital market research, continuously improving the quality and efficiency of serving the real economy, expanding financing channels, and reducing costs.