On June 11, JIC Leasing (Tianjin) successfully issued its first asset-backed security (ABS) with an amount of RMB1.074 billion as another attempt to finance on an independent basis.    

JIC Leasing (Tianjin) was the debtor, and the assets in the pool were mostly from transportation and consumer service industries. The successful issuing was thanks to the market’s recognition of the company’s leased assets.

Year to date, JIC Leasing has continued to expand the financing channels in a bid to provide a solid backing for business growth.