After three months of intensive preparation work, ZGC Sci-tech Financing Leasing Company (“Company”), a subsidiary of the ZGC Development Group, successfully obtained the “No Objection Letter of Transfer Listed in Shanghai Stock Exchange” for its first asset securitization product on August 4.  

The “Phase I of Guangfa Hengjin—a Special Asset Support Program of Company”, jointly created by Company and GF Securities Asset Management Company, has a total amount of 553 million yuan and a term of 3 years, in which AA## accounts for 70%. It will be listed in Shanghai Stock Exchange soon. Company promises to make up for the shortage of preferred principals and interests. 

As the first asset-backed security product with the concept of “sci-tech financing lease”, it marks that Company has been recognized by the capital market for its exploration in “innovating financing leasing modes and serving small and medium-sized sci-tech enterprises”. It will greatly enhance the financing capacity and brand influence of Company and even the ZGC Development Group.