Recently, JIC Leasing (shanghai) succeeded in borrowing 170 million Yuan from HSB, thus completing its first ever cross-border RMB financing, within a 1-year period.

Since its establishment, JIC Leasing (Shanghai) has energetically studied the preferential policies within the Shanghai Free Trade Zone (SFTZ). Given the RMB foreign debt which can double the registered capital of the company settling down in the SFTZ, JIC Leasing (Shanghai) made positive efforts in collaborating with the financial institutions like HSB, HSBC, and ICBC (Asia) to negotiate cross-border RMB financing plan. The successful financing from the HSB will help the JIC Leasing and its subsidiary in Shanghai to further create new ways of financing, diversify its financing channels, lower its financing cost, improve brand reputation, and lay a solid foundation in expanding its overseas financing operations.