We act as a trustee to establish financing progrms and issue beneficiary certificates to qualified investors such as insurance institutions. The cash flows from the underlying assets shall provide as reimbursement support. The financing program requires that the property or its ownership should generate direct and sustainable cash flows. Moreover, the cash flows should fully cover both the payment of the expected interests and the repayment of the principal of the program.

Example Case: China Re – Orient & Baoying、 Orient & Baoshi Project Financing Program

According to the related regulation requirements  we have successfully issued China Re - Orient & Baoying and China Re – Orient & Jiushi  project financing programs. The  underlying assets of these two programs are undoubtedly of excellent quality, especially with  full guarantee of unconditional buyback at maturity  by China Orient Asset Management Company. Not only are these two programs rated  AAA by external credit rating agencies, but are also the first two China Re’s innovative products approved by the market-based review. We have paid numerous attention on the programs in order to meet regulation requirements in  underlying assets, transaction structures, risk management measures  and so on.