On 7 May, JIC Leasing (Shanghai) successfully issued its first asset-backed medium-term note (ABN). RMB1.02 billion worth of ABN is issued with a weighted average interest rate of 4.60%, while the subscription ratio of preferred Class B note is 3.7 times that of the overall subscription ratio, proving its extensive market recognition.    

The successful issuance of the ABN has augmented the recognition of JIC Leasing (Shanghai) in the capital market, which is highly significant to expanding funding sources and reducing financing costs.