Bank of China Financial Leasing Corporation has completed the industry's first cross-border equipment-leasing deal in Australia for a leading Chinese mining group, leveraging Shanghai's Lin-gang Special Area's financial opening-up policies.

The transaction was facilitated through a special purpose vehicle (SPV) established in Lin-gang. Under the agreement, the SPV procured mobile crushers from domestic manufacturers and leased them directly to the mining group's project in Western Australia.

Australia, with its abundant mineral resources, is a key destination for overseas investment by Chinese mining companies. [Photo/Bank of China Financial Leasing Corporation]

Australia, known for its rich mineral resources, remains a prime target for Chinese mining companies seeking overseas investments. The successful project offers a scalable financing model that can be replicated for future international expansions and also promotes the export of advanced Chinese equipment.

It also marks a milestone for Lin-gang's expanded financial leasing pilot program, which has included data center equipment, resource extraction machinery, industrial robots, simulators, and aviation materials as eligible leased assets to ease financial constraints on advanced manufacturing and strategic emerging industries.