2018 CICC Far East Phase I Asset-Backed Securities Listed on SSE
2018 CICC Far East Phase I Asset-Backed Securities were successfully listed on Shanghai Stock Exchange, On May 3rd 2018. CICC acts as the Plan Manager for the transaction. Shaotong Liu (Deputy General Manager of Shanghai Stock Exchange), Zhishan Sun (Deputy General Manager of Shanghai Stock Exchange Bond Market Center), Mingzhe Wang (Deputy General Manager of International Far Eastern Leasing Co., Ltd), Liwei Shen (General Manager of Treasury Department of International Far Eastern Leasing Co., Ltd), Wenchao Xu (Assistant General Manager of Treasury Department of International Far Eastern Leasing Co., Ltd), Weijiang Yu (Managing Director of CICC) and executive team members attended the listing ceremony.
The project was issued with a total offering size of RMB 2.449 billion, with International Far Eastern Leasing Co., Ltd and Far East Horizon (Tianjin) Financing Leasing Co., Ltd acting as the Originator and Servicer, and CICC acting as the Plan Manager and Sole Underwriter. The project is centered on the Belt and Road region and oriented to serve the real economy around the region, which shows the synergy effect of Shanghai Stock Exchange, Far Eastern Leasing and CICC in the contribution to the Belt and Road construction and capital financing.
During the ceremony speech, Mingzhe Wang, Deputy General Manager of International Far Eastern Leasing, mentioned that, International Far Eastern Leasing, as the leader in China's financial leasing industry, has been committed to serving the real economy with the vision of “Integrating global resources and promoting China’s industries”, and insisting on providing integrated finance, investment, trade, advisory and engineering services in healthcare, education, infrastructure construction, industrial machinery, consumption, transportation, urban public utility as well as other fundamental sectors. The listing of the asset-backed Securities is a manifestation of International Far East Leasing’s active response to national strategies and initiatives including the Belt and Road Initiative, compliance management and insistence on serving real economy for years. Furthermore, Robert Yu, Managing Director of CICC FICC, also emphasized that CICC is an active and persistent supporter of the Belt and Road Initiative, and has devoted to facilitating the development and financial integration of the Belt and Road. This project fully embodies the positive role played by Shanghai Stock Exchange, International Far Eastern Leasing and CICC jointly in the Belt and Road construction, as well as the excellent financial service capability of CICC.
As an investment bank adhering to the vision of “Chinese Roots, International Reach”, CICC will continue to support the Belt and Road Initiative, further strengthen cooperation and synergy with International Far Eastern Leasing and provide top-standard financial services by virtue of CICC’s profound understanding of domestic and foreign markets, rich international investment and financing experience, and professional service attitude.