Translator：Wang Yichun

On November 9, 2023, Shanghai Landing Law Offices, serving as the issuer's legal advisor, played a pivotal role in facilitating Bank of Communications Financial Leasing Co., Ltd.'s first issuance of a green finance bond in RMB in the national inter-bank bond market. The bond raised a total of 3 billion RMB, featuring an historically low three-year fixed interest rate of 2.80% for the company and setting a record low for the year in the financial leasing sector. This issuance represents the largest green finance bond by a non-banking financial institution this year, with proceeds earmarked for green industry initiatives, including clean energy, energy efficiency, and urban rail transit projects.

Founded in December 2007 with a 20 billion RMB capital, BoCom Leasing is among the inaugural batch of bank-affiliated financial leasing companies sanctioned by the State Council and a wholly-owned subsidiary of the Bank of Communications. Since its establishment, the company has pioneered several innovative transactions in the Shanghai Free Trade Zone, including various firsts in aircraft and ship leasing and overseas borrowing by a non-bank financial entity. Moving forward, BoCom Leasing is dedicated to embodying the mission of state-owned financial institutions, adhering to the "Three New, One High" mandate, robustly supporting the real economy, and leveraging its leasing expertise across key sectors such as aviation, maritime, infrastructure, energy, consumer needs, and manufacturing. The company is geared towards reinforcing the new development paradigm anchored in domestic circulation and complemented by international engagement.

In this significant project, senior partners Tang Xiang and Zhou Wenjia, accompanied by team members Gong Lingxia and Wu Xiaowen, provided comprehensive legal services. Their contributions included meticulous domestic due diligence for the issuer, legal advisory on the bond issuance under Chinese law, document reviews, guidance on necessary authorizations for issuance, and the formulation of a legal opinion under Chinese law for the issuer.