JIC Leasing has recently entered into a finance lease amounting to 200 million yuan with a certain rail-transit company to help it speed up its production of subway cars and facilitate the development of the rail-transit industry.

The company is a leading company in the rail-transit industry in Sichuan Province. It provides systematic solutions for urban rail-transit development, and its low-floor streetcars, for which it holds the absolute intellectual-property right, have received the product certification from China Railway Construction Corporation. Meanwhile, its core technology for new-generation middle-to-low-speed maglev trains is internationally leading.

The rail-transit industry, as the only field in which new and old infrastructure construction overlaps, is a key direction of new-infrastructure construction. It is expected to be the area with the largest overall investment among the seven major industries involved in China’s new-infrastructure construction between 2020 and 2025. As urbanization furthers in China, the so-called tier-two and -three cities in the country are entering a period of rapid urban rail-transit expansion. Chengdu in Sichuan Province has added another 106 kilometers to its rail operations in 2019, and over 450 kilometers are currently under construction, placing the city ahead of the rest of the country in both categories.

JIC Leasing actively takes advantage of localized marketing and closely follows the progress of new-infrastructure construction. The Company supports the development of the real economy through the provision of finance-leasing services, as it drives the development of the rail-transit industry in Chengdu.