Capital operation

Capital operation—CXIG has been making innovations in the financing mode and strengthening the capital operation, to guarantee funds required for project construction and the Group’s development. In 2016, the Group took the lead in entering the international capital market and successfully issued USD300 million of five-year corporate bonds at 3.25% in the overseas market. This is the first achievement of a state-owned enterprise based in Sichuan Province in the overseas bond market. Meanwhile, the Group captured the domestic direct financing market and raised nearly RMB20 billion through various bonds and medium-term notes. The credit line agreements of RMB50 billion and 80 billion respectively signed with Sichuan Branch of Agricultural Bank of China and Sichuan Branch of Industrial and Commercial Bank of China made the Group the fastest and most dynamic large state-owned investment platform in Chengdu.