Recently, International Far Eastern Leasing Co., Ltd. and Far East Horizon（Tianjin）Financial Leasing Co., Ltd. successfully issued the 2022 Far East Phase II (Agricultural and Rural Modernization) Asset Support Special Plan, with a total amount of 2.014 billion yuan. This is the first batch of asset-backed securities (ABS) issued by Far East Horizon in the aspect of agricultural and rural modernization, which fully demonstrates its active response to the national policy and its fulfilment of corporate responsibility by continuously giving preferences to relevant fields of agricultural and rural modernization with its own superior resources and empowering rural revitalization and agricultural and rural modernization.

Promoting Agricultural and Rural Modernization to Answer the National Call
 
Solving issues related to agriculture, rural areas and farmers is the top priority for the Communist Party of China, and a whole-of-the-Party, whole-of-society approach should be adopted to revitalize the rural region.
                                                                                                               --Xi Jinping

 
Where the granaries are full, the people follow appropriate rules of conduct, and when there is enough to eat and wear, the people know honor and shame. A nation can only be powerful when its agriculture is strong. This February, Opinions of the CPC Central Committee on Effectively Conducting the Priority Work of Comprehensively Promoting Rural Revitalization for 2022 was published as the No.1 central document. Since 2004, the CPC Central Committee has issued the No.1 central document with the theme of “agriculture, rural areas and farmers” for 19 consecutive years, emphasizing the status of issues related to agriculture, rural areas and farmers as the top priority in the period of China’s socialist modernization. In the new period, new goals are set for agriculture. As always, it is stressed that China should enhance the support of modern agricultural infrastructure, promote rural development with focus on industry, and take new steps to promote agricultural and rural modernization.

This time, Far East Horizon’s successful issuance of its first batch of asset-backed securities (ABS) in agricultural and rural modernization has benefited from the vigorous support of Shanghai Stock Exchange and the high approval from institutional investors. With underlying assets covering relevant fields including agricultural R&D, agricultural production, agricultural processing, agricultural transportation, agricultural warehousing and agricultural wholesale, it has practically and effectively provided financial support for the development of “agriculture, rural areas and farmers.”

Active Contribution with Continuous and Powerful Resource Guarantee

As a conglomerate spanning across finance and industry, Far East Horizon has always deemed it its own responsibility to contribute to China’s real economy and promote the well-being of the people. Actively advocating national strategies, it insists on boosting capital input in industries related to modernized agricultural production, and offering strong financial support for agricultural and rural development in certain regions, to continuously optimize rural employment structure, perfect industrial system and promote agricultural and rural development. 

Previously, Far East Horizon has launched a pilot program to issue China’s first sustainable development bonds, with funds used for sustainable development goals including supporting climate action, health and well-being, social equality and clean drinking water, to fulfil the due responsibility and obligations of a Chinese enterprise with practical actions.

In the future, Far East Horizon will continue to adamantly response to national strategies and actively fulfill its social responsibility by integrating domestic and overseas financial resource services to serve the real economy and making greater contributions to realizing rural revitalization, practicing green development and promoting common prosperity.