Recently, JIC Leasing issued a finance lease to a lorry-mounted crane manufacturer and provided financial services to its construction machinery terminal C customers. Cumulatively JIC Leasing helped about 200 customers purchase about 250 lorry-mounted cranes and mixer trucks, and assisted the manufacturer to recover the funds, supporting the development of the equipment manufacturing industry while helping the development of inclusive finance.   

China is the largest construction machinery consumer market, with a market size of more than RMB 350 billion in 2020. As a large number of construction machinery products are consumed by individual customers, there is a strong demand for financing. Therefore, financial leasing is increasingly combined with construction machinery product sales with its natural advantages in equipment financing. Financial leasing is not only an important means of sales for manufacturers, but also an important way to meet the capital needs of terminal customers. Take the industry leaders for example. In 2020, the sales amount of Zoomlion under the financial leasing model reached RMB 20.671 billion, accounting for 33.68% of the revenue of the construction machinery sector, while the sales amount to revenue ratio of Xugong Group Construction Machinery and Liugong was 22.62% and 55% respectively.

In an active response to the call for enhancing financial inclusiveness put forward by the 14th Five-year Plan, JIC Leasing has worked to expand its service sector, increase its support to equipment manufacturing, give play to its financial strength, and support the development of the real economy.