Jining Renxing Investment Co., Ltd. is a state-owned enterprise established by rencheng district Municipal Government, which is responsible for coordinating with China Development Bank, China Construction Bank and Agricultural Bank, enhancing the flexibility of cooperation with commercial banks and developers, and giving play to the role of revitalizing existing assets, absorbing bank credit and gathering social funds.
Bottom line: government companies-government businessmen-use state-owned assets as collateral, borrow money from banks, and serve the Gai Lou government.