Upon the approval of Tianjin Local Financial Supervision Bureau and Tianjin Municipal Tax Service of State Taxation Administration, Excel (Tianjin) Leasing Co., Ltd. (hereinafter “Excel Leasing”), the auto leasing arm of JIC Leasing, has been recently included into the pilot programme of authorizing Chinese-funded leasers to do financial leasing business in China (Tianjin) Pilot Free Trade Zone, thus becoming the first Chinese company authorized to provide financial leasing service after the adjustment of regulatory policies.

Founded in April 2019, Excel Leasing is an independent platform for market-oriented business, and aims to fully engage in the development of auto leasing business in line with the specialized development strategy of JIC Leasing, and create high-quality structured financial leasing assets for JIC Leasing by virtue of the characteristics of auto financial leasing assets – decentralization of risks, diversification of returns and flexibility of products.

To stand out in China’s fierce auto financial leasing market, Excel Leasing will stick to the competitive differentiation guideline, find a niche in the segment and give play to the channel advantages for prudent operation on the basis of stable funding sources, flexible products, solid fintech foundation and professional team. In the next three years, Excel Leasing will expand into key regions, provide a wide array of auto financial products and services effectively, and gradually build a specialized, trustworthy brand image of auto finance.