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Juxin Leasing Attended the Industrial Forum and Got New Awards for Asset Backed Securities (ABS) Prod

2017.09.19

On September 15, the "3rd Annual Structure Finance and ABS Summit" & "2016-2017 ABS Jiefu Award Ceremony" organized by www.caishiv.com was held in Shanghai, at which Juxin Leasing was invited to be present and granted the "Award of 2016-2017 Leasing ABS Products Most Favored by Investors".  

The forum invited nearly 400 industrial participants from banks, leasers, original ABS equity owners, brokers, trusts, asset managers, law firms, raters and other organizations to share information, exchange experiences and explore the direction of industry development. After the end of the forum, the ABS Jiefu Award Ceremony was held, at which Juxin Leasing was granted the "Award of 2016-2017 Leasing ABS Products Most Favored by Investors" due to outstanding performance in the ABS business.

With the rapid development of the financial leasing industry, it is essential for a leasing enterprise to possess efficient and stable financing capacity. ABS as a financing model, with the strong support of the State Council and the regulatory authorities, is gradually becoming a widely used financial innovation instrument. Since the commencement of this business in 2015, Juxin Leasing has obtained rich experience of practical operation as well as plenteous achievements. In the end of  August this year, we have successfully issued 11 phases of structured products, RMB14.2 billion accumulatively. Among them, we issued the first phase of ABN products in August that were highly recognized in the market, marking our breakthrough in issuing structured financing instruments at the new trading platform.

The current award-winning product was the "First Phase of ABS of Juxin International Leasing in 2017", which was issued with a size of RMB2.11 billion on March 2nd , 2017. Huatai Securities Asset Management Co., Ltd. acted as the administrator of this plan. Assets in pool are leasing assets from the education, medical treatment and utility sectors, which enjoy operational stability and strong anti-cyclical risk capacity, with a high degree of dispersion and reasonable product structure design. All levels of these assets are favorably and externally rated. This industrial authoritative recognition to the product is a demonstration of Juxin Leasing's core competitiveness and good reputation in the ABS market.