Chengdu Xingcheng Group Was Selected as One of China's Top 100 Innovative Financial Brands of 2018

On September 23, the 2018 China Finance and Investment Forum & Annual China Finance and Investment Award Ceremony was held by China Business Herald, Market Observer Magazine and Business Financing Planning and Development Center in Beijing. Chengdu Xingcheng Group was selected as one of “China’s Top 100 Innovative Financial Brands of 2018” for its outstanding performance in innovation, quality control, integration of finance and industry, brand building, etc.

In the course of building Chengdu into a high-quality city that can fully demonstrate the new development idea, Chengdu Xingcheng Group firmly grasped the general trend of regional development and seized the opportunity of state-owned enterprise reform, made innovations in the investment and financing channels, gave full play to the group’s credit rating (domestic rating: AAA and international rating: BBB+) and accelerated the reform of asset securitization and business internationalization. The group successfully issued the offshore dollar bonds of 300 million and the offshore euro bonds of 500 million, thus becoming the first state-owned enterprise in Southwest China that successfully issued both the dollar bonds and the euro bonds. It also spared no effort to promote the establishment of funds, for example, it established through joint venture an industry fund with the first investment of RMB 100 billion and the long-term investment of RMB 300 billion and a m&a fund with the first investment of RMB 10 billion and the long-term investment of RMB 30 billion. Meanwhile, it accelerated the continuous issue of corporate bonds, medium term notes and renewable notes, providing sufficient funds to build the group into one of the global 500 top companies.

This award demonstrated that Chengdu Xingcheng Group was fully recognized by the finance and investment industry. This event gave the state-owned enterprises in Chengdu the opportunity to show in a bigger stage and also further expanded their influence and enhanced their reputation. Next, Chengdu Xingcheng Group will continue to optimize its distribution of assets and make innovations in investment and financing modes, endeavoring to provide sufficient funds to support the group to seize all development opportunities and contribute to the effort of building Chengdu into a financial center in southwest China.