Recently, Excel (Tianjin) Leasing under JIC Leasing completed the signing and investment of its first to-customer automobile retail business. Completion of this business marks Excel Leasing’s official entry into automobile financial retailing. The automobile financial retail business will be developed together with the original automobile corporate business to gradually build Excel Leasing into a professional brand for automobile finance.

As an independent platform for JIC Leasing's professional development of car rental business, Excel Leasing has undergone intensive preparations since its establishment. At present, the core system for the retail car rental business has successfully launched to formally carry out the to-customer retail business.

 China is the world's largest passenger car market. Consumers have demonstrated strong potential demand in both the incremental and stock dimensions. The Research Report on China Automobile Financial Leasing Industry released in early 2019 still predicts that the scale of China's automobile financial market will experience compound growth at a rate of about 15% in the next three years. The Chinese automobile market is experiencing short-term pains and the future remains promising.

In this context, Excel Leasing is focusing on the professional development of car rental business. The automobile financial retail industry has various characteristics such as highly dispersed asset risks, diversified financial returns and flexible products, and Excel Leasing makes full use of these characteristics to actively respond to market changes, innovate its products and services, and leverage channel advantages, so as to build high-quality structured financial leasing assets in the platform of JIC Leasing.