1. Chengdu Jiaozi Financial Holding Group "BBB"+long-term local and foreign currency issuer rating
The long-term default rating (IDR) of local and foreign currency issuers of Huiyu Jiaozi Financial Holding Group Co., Ltd. (hereinafter referred to as "Chengdu Jiaozi Financial Holding Group") is confirmed as "BBB" and the outlook is "stable". At the same time, Fitch also confirmed the "BBB" advanced unsecured rating of Chengdu Jiaozi Financial Control Group. Under the guidance of Chengdu Municipal Government, Jiaozi Financial Holding Group provides a wide range of financial services, including holding shares in financial institutions, investing in shares, promoting financial technology entrepreneurship and asset management. It is the capital of Sichuan Province in southwest China. Chengdu Group has limited liquidity risk and diversified financing. By the second quarter of 2020, the unused credit line will be abundant, reaching 3 1 billion yuan (accounting for 104% of the adjusted debt in 20 19). Unlimited cash of about 654.38+06 billion yuan (654.38+0.7 times short debt) and further reduction of financing costs also reduced the debt burden.
2. Chengdu Jiaozi Financial Control Group intends to apply for a financial control license.
On June 23rd, Bank of Chengdu announced that, according to the requirements of Chengdu Municipal Party Committee and Municipal Government on further strengthening the standardized and professional management of financial funds in Chengdu, Jintang County of Chengdu plans to transfer the 0/00000,000 shares of Chengdu Bank/KLOC-held by its subsidiary Chengdu Tianfu Shuicheng Urban and Rural Water Construction Co., Ltd. to Xintianyi, a subsidiary of Chengdu SASAC, 10000.com/ for investment. At the same time, from the perspective of professional management of financial state-owned assets, the Chengdu Municipal Party Committee and Municipal Government authorized Chengdu SASAC to authorize Chengdu Jiaozi Financial Holding Group to perform some state-owned assets management duties for Chengdu Bank, apply for a "financial holding" license with Jiaozi Financial Holding as the main body, build a state-owned capital operation platform, prevent and resolve local economic and financial risks, and promote the healthy development of local financial enterprises.
Chengdu Jiaozi Financial Holding Group has 386 private equity fund management institutions and 885 managed funds, with the scale of managed funds reaching 1, 3 1, 6.74 million yuan and 306 investment projects 1, leading the central and western regions in venture capital activity. According to the China Venture Capital Industry Development Report issued by the Ministry of Finance of the National Development and Reform Commission and the China Venture Capital Committee over the years, Chengdu's venture capital industry has been ranked first in the central and western regions for many years. This year, the Chengdu Municipal Party Committee and Municipal Government issued a special policy of "20 venture capitals". There are indications that Chengdu is becoming an influential venture capital institution at home and abroad.