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.