Recently, the Shanghai branch of JIC Leasing signed an agreement with Shanghai-based China Grand Enterprise (CGE) Financing & Leasing Co., Ltd. to establish a financing cooperation for the factoring of parallel-import cars. The agreement will give JIC Leasing access to supply-chain financing  of high-end parallel-import cars.

Parallel importation of cars is an effective anti-monopoly measure that the government adopted in the automotive field. Along with the establishment of free-trade zones, parallel-imported cars have become increasingly better known to the public.Companies in this sector pay greater attention to services instead of assets- a characteristic of financial service providers in the industrial chain.

JIC Leasing joined hands with CGE in giving full consideration to customer demands and starting a factoring business for parallel-import cars, entering the supply chain financing field. The company is fully committed to this opportunity and sharing its offerings in this field.