According to the Nikkei Asian Review, Hitachi Capital Management has expanded its presence in China thanks to a new Hong Kong-based leasing subsidiary, which was established in June.

According to Nikkei, Hitachi’s new unit was lead manager on a syndicated ¥750 million yuan ($110 million) loan with Japanese banks, which is an unusual position for a leasing company.

The Nikkei reported that the Chinese government has been seeking capital from the private sector to facilitate infrastructure, healthcare and transportation projects, which are a primary areas of focus for Hitachi.