On August 10, 2015, JIC Leasing offered its first asset-based security on the Shanghai Stock Exchange. This was designed to raise working capital for JIC Leasing at a weighted average coupon rate that hit a new low among the AAA asset-backed securities issued recently by financial leasing companies, which helped bolster JIC Leasing’s presence within the capital market.

JIC Leasing has been committed to a diversified, multi-level financing structure, issuing its first RMB 400 million commercial papers and RMB 900 million medium-term notes in April 2015. It has also now become a MOFCOM-approved financial leasing firm for public offering in the interbank market. The successful launch of ABS marks another breakthrough achieved by JIC Leasing. It broadens the company’s access to capital, with the lower issuing costs indicating the recognition the company has received in the capital market. This is a meaningful move that will help to revitalize stock assets, optimize the portfolio, and enable a better allocation of resources. It will also help to promote the company’s brand image. Looking ahead, JIC Leasing will closely monitor how policies and market evolve and it will continue to explore financing channels in both the bond and capital markets. This will help to further diversify its overall funding structure.