Translator：Wang Yichun

In a recent development, Shanghai Landing Law Offices successfully assisted CCCC Finance Leasing Co., Ltd. in registering a 3 billion RMB ultra-short-term financing bond, followed by the official recording and successful issuance of the CCCC Finance Leasing Co., Ltd. 2023 Third Issue Ultra-Short-Term Financing Bond" with the National Association of Financial Market Institutional Investors. The SCP project raised 1 billion RMB with a tenure of 180 days. Future issues of ultra-short-term financing bonds will be subject to additional registration and issuance, contingent upon the issuer’s requirements and market dynamics.

Landing Law Offices, serving as the exclusive legal advisor for this SCP project, delivered comprehensive legal services including project evaluation, legal due diligence, and the preparation of legal opinion letters. The firm is committed to providing ongoing legal support in line with the SCP project's evolving registration and issuance processes.

The legal team for this SCP project's issuance, led by Landing Law Offices, comprised Liu Zhaofu, Li Jinchang and Xu Xinyuan. They provided expert and efficient legal counsel, embodying Landing's ethos of "Specialized Services." Landing remains dedicated to offering a broad spectrum of professional legal services to its clientele.

CCCC Finance Leasing Co., Ltd., strategically situated in the China (Shanghai) Pilot Free Trade Zone, stands as a pivotal entity within the financial division of China Communications Construction Company, boasting a substantial registered capital of 9 billion RMB. Since its inception, the company has steadfastly fulfilled four integral roles: as a Catalyst in Main Business Growth, a Collaborator in Equipment Resource Consolidation, an Identifier of Industrial Chain Value, and a Pioneer in Nurturing Emerging Industries. It has been instrumental in providing financial support for significant national strategic initiatives, regional economic advancement, and the nurturing of nascent industries. The firm has established partnerships with over 700 diverse entities, including subsidiaries within the China Communications Construction Company, prominent state-owned enterprises, and peers in the leasing sector. This collaboration has yielded an impressive annual compound growth rate exceeding 20% across new contract amounts, fund allocations, and asset volume. By June 2023, CCCC Finance Leasing Co., Ltd. had successfully negotiated new contracts exceeding 260 billion RMB, funneled nearly 230 billion RMB in funding, and amassed total assets surpassing 70 billion RMB, securing its status as an industry frontrunner.