Secondary companies below Chengtou

The level of the second-tier companies below the city investment is AA. According to the strategic planning and decision-making arrangements of Chengtou Group and the comprehensive analysis and evaluation by well-known domestic credit rating agencies, Chengtou, a subsidiary of the Group, obtained a long-term AA rating. The full name of City Investment Company is City Investment Company, which is a state-owned platform company funded by local governments or departments at the city and county levels. There are two main responsibilities, one is to manage the preservation and appreciation of state-owned assets. For fixed assets or business service projects that are not suitable for the full custody market, the government will inject a certain amount and hand them over to the city investment company for operation to ensure both economic and social benefits. Second, it will invest in packaging projects. The establishment of the city investment company is the main purpose of the government.