CMB Financial Leasing Once Again Won the Innovation and Development Award of China Air Finance “Wan Hoo” Awards

On September 4, the 9^th China Air Finance Development (DFTP) Summit, also the 8^th China Air Finance “Wan Hoo” Awards Ceremony, was held in Tianjin, at which CMB Financial Leasing and Loong Air won the Innovation and Development Award of China Air Finance “Wan Hoo” Awards for their first direct rental project of aero-engine bonded area under customs remote supervision.

This project not only fills the gap in the customs remote supervision over aero-engines, but also is a major step in customs remote supervision over large aviation equipment (except aircraft) from "case-by-case review" to “comprehensive promotion”, and for the first time, an integrated financial leasing mode for bonded areas of engine bodies and accessories was established, which will effectively reduce the cost of the lessee and promote the diversified development of aviation leasing modes. Furthermore, the project is an important effort of financial institutions and government agencies to help aviation companies effectively control and fight against the COVID-19 pandemic. CMB Financial Leasing will continue to grow together with related enterprises.