Chengdu Jiaozi Financial Holding Group Co., Ltd. (“Chengdu Jiaozi Financial Holding”) successfully priced and issued a 5-year USD 200 million bond on March 31, 2021, with a coupon rate of 2.6% (the lowest rate among bonds issued by local state-owned enterprises in Western China) and a subscription ratio of 3.5 times. As the issuer, Chengdu Jiaozi Financial Holding directly issued the USD bond, the issuance of which applies to the Category 1 of Regulation S. The bond has been affirmed the BBB+ rating by Fitch Ratings (the international credit rating agency), and it is Southwestern China's first bond listed simultaneously on the Stock Exchange of Hong Kong and Chongwa (Macao) Financial Asset Exchange CO., Ltd.

Under the background of integrating local financial resources and enhancing the competitiveness of local financial institutions which are the goals of Chengdu Municipal Committee and Chengdu Municipal People’s Government, Chengdu Jiaozi Financial Holding, a large municipal state-owned enterprise, is founded on October 31, 2008 with a registered capital of RMB 5 billion. The company invests in a wide range of fields such as banking, securities, insurance, financial assurance, petty loan, financial leasing, pawn, industry fund, venture capital, property right market, asset management and financial services.

As the Chinese legal adviser to the underwriter, Jingtian & Gongcheng's legal team provided one-stop, end-to-end legal services for the issuance, including offering legal advice to the underwriter in accordance with local laws, reviewing the related parts of the offering circular and transaction documents, conducting Chinese legal due diligence on the company's Chinese business and subsidiaries, as well as offering legal opinions in accordance with Chinese laws. Previously Jingtian & Gongcheng has also provided legal services for Chengdu Jiaozi Financial Holding to issue a USD 300 million bond on the Stock Exchange of Hong Kong in November 2019.