CALC’s ABS Listed on Shanghai Stock Exchange

CALC’s Huatai Securities Asset Management – CALC Phase I Asset-backed Securities Program – China’s first asset-backed security (ABS) denominated and settled in a foreign currency, US dollars, and the first ABS in aircraft leasing in the public placement market, has successfully listed on the Shanghai Stock Exchange. China Asset Leasing Company, a company registered in Tianjin by CALC, is the issuer of this ABS, which owns the aircraft as its underlying assets, while Huatai Securities (Shanghai) Asset Management, is the manager for this ABS program. CALC says that this ABS product adds diversity to the types of financial products available