As the island-wide customs closure operation of the Hainan Free Trade Port steadily advances, policy benefits continue to be unleashed and market vitality further stimulated. As a key aviation hub of the Hainan Free Trade Port, Meilan Airport, under the umbrella of Hainan Holdings, has been persistently improving its financing system and broadening financing channels since its return to the state-owned enterprise system, achieving a significant increase in overall credit scale.
Simultaneously, the company has been optimizing financing costs through instruments such as syndicated loans and financial leasing, while actively researching the application of diversified financial tools like asset securitization to revitalize existing assets. These efforts provide financial support for the development of its core aviation business and the construction of major projects.
To meet the demands of airport infrastructure upgrades, route network expansion, and business development, Meilan Airport has continued to deepen bank-enterprise cooperation and coordinate the construction of its credit system. Currently, the company's partner financial institutions cover policy banks, foreign banks, and joint-stock commercial banks, including China Development Bank, Industrial and Commercial Bank of China, China Merchants Bank, Nanyang Commercial Bank, HSBC, Industrial Bank, Bohai Bank, Shanghai Pudong Development Bank, Hua Xia Bank, China Everbright Bank, Ping An Bank, Minsheng Bank, and Postal Savings Bank of China. This has gradually fostered a multi-layered and stable bank-enterprise cooperation framework.
In addition, the company has been smoothing cross-border fund settlement channels to provide financial support for the capital flows of overseas airlines and the expansion of international routes. Regarding financing for major projects, Meilan Airport has focused on the construction needs of key projects such as the second phase expansion of Meilan Airport. It closely monitors market interest rate trends, continuously optimizes financing arrangements, and collaborates with financial institutions like China Development Bank, Industrial and Commercial Bank of China, Bank of Communications, and BOCOM Financial Leasing to advance syndicated loans and financial leasing projects.
Through multiple rounds of consultations and negotiations, the interest rates on financing for these projects have been significantly reduced, effectively lowering financing costs and ensuring the stable and orderly progress of major engineering projects. While enhancing its traditional financing capabilities, Meilan Airport is actively exploring the application of capital market instruments in revitalizing existing assets. Focusing on infrastructure and existing operational properties, the company is researching the compliant use of asset securitization and other diversified financing tools. It also studies promoting projects such as Commercial Mortgage-Backed Notes (CMBN) based on asset conditions and market environment, further broadening financing sources and optimizing its debt structure.
Looking ahead, Meilan Airport will continue to seize the policy and development opportunities brought by the Hainan Free Trade Port construction. It aims to deepen cooperation with domestic and international financial institutions and capital markets, further improve its diversified financing system, and enhance asset operation and management capabilities. This will financially bolster its core aviation business, support the establishment of a regional aviation gateway hub facing the Pacific and Indian Oceans, and provide strong backing for the high-quality development of the Hainan Free Trade Port.