Following the joint release of the "Action Plan to Support the Construction of Shanghai as an International Financial Center" by the National Financial Regulatory Administration and the Shanghai Municipal Government—which explicitly states "continued support for financial leasing companies in the Shanghai Lingang New Area to conduct project company business innovation pilots, including financing leases for data center equipment, resource extraction equipment, industrial robots, simulators, and aviation materials through the establishment of project companies"—BOCOM Financial Leasing has responded promptly.
Recently, the company successfully executed the industry's first SPV (Special Purpose Vehicle) data center equipment financing lease project in the Lingang New Area, innovatively empowering the construction of computing power infrastructure.
The lessee for this project in the Shanghai Lingang New Area is a leading third-party data center operator in China. This operator has long been deeply involved in the construction and operation of computing power infrastructure and maintains an industry-leading position in key areas such as data center construction and delivery, green energy efficiency, and operations management.
The project site is located within a national computing hub node under the "East Data, West Computing" project. Downstream contracts are locked in with top-tier internet companies under customized lease agreements, ensuring clear demand, stable repayments, and strong self-liquidation capability. Additionally, the project's Power Usage Effectiveness (PUE) indicator is at an industry-leading level, effectively putting the concept of green and low-carbon development into practice.
Throughout the data center project's progression, BOCOM Financial Leasing fully leveraged the unique advantages of financial leasing, which combines "financing and asset management." By seizing the policy pilot opportunity, it precisely addressed the pain points of high upfront investment and long capital occupation cycles associated with data center equipment.
This not only provided robust financial support for enterprises to advance the construction of computing power infrastructure with high quality but also served as a vivid example for the Lingang New Area in building a financial innovation hub.
BOCOM Financial Leasing will continue to capitalize on the policy dividends from the expanded SPV business innovation pilot in the Lingang New Area. It aims to deepen the innovative application of the SPV leasing model in fostering new productive forces, leveraging its leasing expertise and professional service capabilities to empower the high-quality development of the Lingang New Area and the construction of Shanghai as an international financial center.
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