China Economic and Trade News (recommended by Cheng Jingshen) On the afternoon of February 25, 2022, through the unified organization and coordination of Secretary Liang Xiaoice of Yuwan Chamber of Commerce, in order to implement the spirit of the meeting between Mayor Wang Zhizhi of Nanyang City and Secretary Xin Linhua of Henan Branch of China Orient Asset Management Company on November 7 last year, Bi Guangli, deputy general manager of Henan Branch of China Orient Asset Management Company, led Lin Zong, manager of Henan Branch of Oriental Jincheng Company, and Chen Zong of Dongxing Securities Company, under the careful communication of Wang Zhijun, vice president of Yuwan Chamber of Commerce, Negotiated with Nanyang Investment Group and Nanyang Production and Investment Group respectively to help the construction of Nanyang sub-central city. Yang Zhenzhong, secretary of the party committee and chairman of nanyang investment group, and Xie Xianqing, general manager of nanyang production and investment group, respectively led the team members and conducted in-depth exchanges and cooperation on investment and financing related businesses for the construction of Nanyang sub-central city.
The two meetings jointly discussed in depth the cooperative disposal of non-performing assets in Nanyang, the issuance of bailout bonds, and the cooperative establishment of equity innovation investment funds. It has laid a solid foundation for nanyang's non-performing asset bailout, state-owned asset revitalization, issuance of bailout bonds, establishment of innovation and entrepreneurship equity funds, and financial service consulting for the two companies' declaration of AAA enterprise ratings.
Bi Guangli said, first of all, thanks to the Nanyang Municipal Party Committee and Municipal Government has been supporting Oriental Assets, since the last Yuwan Chamber of Commerce Liang Xiaoice Secretary, the company's Secretary Xin Linhua and our Municipal Party Committee and Municipal Government docking, the company system attaches great importance to it, in order to actively respond to the relevant work deployment of the Nanyang Municipal Party Committee and Municipal Government, with the high-quality development of Nanyang Municipal State-owned Enterprises and fully grasp the national policy orientation to use the capital market financial tools, promote the development of key areas such as urban renewal and industrial upgrading in Nanyang City. China Orient Asset Management Co., Ltd. (hereinafter referred to as "China Orient") is willing to actively play the advantages of the full financial license, and provides comprehensive financial services for the Nanyang Municipal Government and state-owned platforms with its financial service subsidiaries such as Dongxing Securities and Oriental Jincheng Rating.
China Orient Asset Management Co., Ltd. is one of the four state-owned financial asset management companies directly under the Ministry of Finance. The business covers non-performing assets, insurance, banking, securities, trust, credit rating and international business, is the first asset management company in mainland China fully licensed financial holding group, with a total of more than 64,000 employees, service network covering the whole country, is committed to resolving financial risks, supporting the real economy, and providing partners with a full range of financial services. Specific service directions include:
1. Restructuring and disposal of non-performing assets. With many years of experience in non-performing asset business and non-standard business, Orient Asset Management co-designs a package of personalized financing and dilemma solutions for customers, meets the diversified financing needs of customers, and solves the restructuring and disposal services of existing and new non-performing assets for customers. The capital appreciation operation and debt-to-equity swap relief plan for the disposal of specific non-performing assets are designed by China Orient according to the actual situation and needs of Nanyang City.
Second, in Nanyang Municipal state-owned enterprises state-owned assets restructuring, securities issuance, financial consulting, securities rating and other fields to introduce professional teams, the specific plan is proposed to provide traditional and innovative bond issuance services. (1) It is to do a good job in financing planning, broaden direct financing channels, and enrich the variety of bond financing, in addition to traditional corporate bonds, corporate bonds, medium-term notes, short-term financing bonds, directional tools and ABS, ABN and other asset securitization products; (2) it is to make good use of national policies, through combing project resources, actively explore carbon neutrality, green bonds, rural revitalization bonds, REITS, fund bonds, double creation bonds and other financial products to support the industrial development of Nanyang City.
Lin Yu, general manager of the Henan branch of Orient Jincheng International Credit Appraisal Co., Ltd., said that it is one of the major credit rating agencies in China, and the company was established in 2005 with a registered capital of 125 million yuan. Oriental Jincheng has been recognized by all regulatory departments and self-regulatory institutions in the bond market such as Chinese Minmin Bank, China Securities Regulatory Commission, National Development and Reform Commission, China Banking and Insurance Regulatory Commission, And Interbank Dealers Association, etc., and can rate all bond categories issued by domestic and foreign issuers in the Chinese bond market, and provide services for domestic and foreign investors to participate in the Chinese bond market. Orient Jincheng has established a credit service network with 20 branches as the carrier nationwide, and Oriental Jincheng Henan Branch is located in Zhonghua Building, Zhengdong New District, Zhengzhou City, providing organizational and personnel guarantee for efficient rating services.
Chen Huan, general manager of the bond business department of Dongxing Securities, said that Dongxing Securities Co., Ltd., with a registered capital of 2.758 billion yuan, was issued and listed on February 22, 2015, becoming the first listed asset management company in China to be a securities company. Dongxing Securities has rich experience in asset integration and bond issuance and underwriting of platform companies, and maintains smooth communication channels with regulators, which can help local governments complete platform construction and high-quality financing in the capital market.
Yang Zhenzhong, Secretary of the Party Committee and Chairman of Nanyang Investment Group, first expressed his gratitude to Secretary General Sima Heng and The Investment Group to Liang Xiaoice Secretary of Yuwan Chamber of Commerce for leading Wanshang and introducing trillion-level enterprises China Orient Asset Management Co., Ltd. for supporting the construction of a sub-central city in his hometown, and also thanked Mr. Bi for leading the systematic team of China Oriental Assets to help Nanyang Investment Group do large-scale assets, strengthen the group economy and enhance the company's AAA rating, and expressed gratitude for the large-scale economic assistance of Nanyang's economic development. Under the leadership of the Nanyang Municipal Party Committee and Municipal Government, especially secretary Zhu Shixi, the Nanyang Investment Group led the team and Mayor Wang Zhizhi to seek the well-being of the people of Nanyang day and night. Since last year, the investment group has been adhering to the enterprise spirit of "loyalty and responsibility, integrity and efficiency, innovation and excellence, vitality and openness", practicing the work concept of "party building leading, project as king, financing as the key, credit as the basis, efficiency first, cooperation as the path, and efficiency as the basis", facing challenges head-on, turning crises into opportunities, seeking opportunities in crises, polishing the golden signboard of "striving for the first" and "creating the only one", and handing over an exciting and brilliant answer sheet. On the basis of the stable outlook of the domestic entity credit rating AA+, the Group completed the international credit rating work and obtained the rating results of the long-term entity rating BBB and the independent credit status B+, which greatly enhanced Nanyang's international popularity, reputation, radiation and influence. In the face of the impact of the new crown pneumonia epidemic, Nanyang Investment Group insisted on the combination of direct financing and indirect financing, the combination of medium and long-term financing and short-term financing, the combination of domestic and international markets, the combination of project financing and the pursuit of funds in the financial budget, seeking breakthroughs in the dangerous situation, with an annual financing of 6.573 billion yuan. Due to its outstanding performance in financing work, especially in direct financing to achieve new breakthroughs, it was honored by the Nanyang Municipal Government as a collective third-class merit. The implementation of the "group leadership subcontracting, collective on-site office, employee resident service" working mechanism, the annual total of 8.578 billion yuan of funds raised and allocated, to ensure that "two parks", "two rivers", "two factories", "two centers", "two hospitals", "one forest and one library" and "six districts" and a large number of key projects set sail.
Today, with the arrival of Mr. Bi, Mr. Lin and Mr. Chen, Nanyang Investment Group has received systematic support from China Oriental Assets, coupled with the support of President Wang on behalf of Yuwan Chamber of Commerce to lead the national Wanshang merchants to return to their hometown to invest in the industry and the support of domestic and international leading financial enterprises and industrial resources, Nanyang Investment Group will surely develop faster, better and stronger under the unified leadership and deployment of the Municipal Party Committee and Municipal Government!
Wang Ke, chairman of the board of supervisors of Nanyang Investment Group Co., Ltd., member of the party committee, deputy general manager Li Xinzhong, member of the party committee, financial director Cui Tianjie, director of the office Wang Yan, manager of the financial department Zhu Yunxiao, deputy manager of the financial business department Zhang Yongxin, deputy manager of the investment department Li Xing and others attended the talks.
Xie Xianqing, general manager of Nanyang Production and Investment Group, saw that everyone was happy to say that Secretary Yu Wenhai attached great importance to receiving instructions from Secretary General Sima Heng. First of all, thank you Secretary Liang and Mr. Xin for their attention to the construction of Nanyang sub-central city, providing professional financial support for the economic development of Nanyang; in addition, Mr. Bi and Oriental Assets are good friends and partners of our production and investment group, and production and investment purchased a part of the assets from Oriental Assets last year, and in the new year, we must strengthen deeper cooperation in many aspects such as non-performing assets, debt financing, project investment, company rating, etc.; In addition, President Wang is also our old friend. Thank you to the Yuwan Chamber of Commerce for coordinating the national financial and industrial resources to contribute to the development of the hometown! I also hope that Nanyang Production and Investment will contribute to the Zhongyuan Dream City project!
Li Xiangdong, deputy general manager of Nanyang Production and Investment Group, Yang Yongzeng, executive director of Nanyang Production and Investment Asset Management Company, Li Jing, deputy general manager of the strategic investment department of Nanyang Production and Investment Group, and Yu Qingtao, financing management department of Nanyang Production and Investment Group, attended the talks.
Wang Zhijun, vice president of Yuwan Chamber of Commerce, and Sun Hehui, director of Henan Deyi Law Firm, on behalf of Secretary Liang Xiaoice and Secretary Xin Linhua respectively expressed their gratitude for their support for the work of The Nanyang Municipal Party Committee and Municipal Government and extended New Year wishes! I also express my sincere greetings to the arrangements of Secretary General Sima Heng and the leadership team of Nanyang Investment Group and Nanyang Production and Investment Group!
The two talks have yielded great results. Qian Xuesheng, Executive General Manager of CIC CDB Fund, Mu Lin, Senior Manager of the Second Operation Department of China Orient Asset Management Co., Ltd. Henan Branch, Liu Shaoheng, Manager of the Second Operation Department of Henan Branch of China Orient Asset Management Co., Ltd., Zhang Zhenrong, Senior Manager of the Fourth Department of The Bond Business of Dongxing Securities Co., Ltd., Fang Wenyi, Senior Manager of the Fourth Department of the Bond Business department of Dongxing Securities Co., Ltd., Li Xiaoyang, Deputy General Manager of the Institutional Business Department of the Zhengzhou Sales Department of Dongxing Securities Co., Ltd., Wang Yafei, manager of Henan Branch of Oriental Jincheng International Credit Appraisal Co., Ltd., Wang Lihua, lawyer of Henan Deyi Law Firm, and Cheng Jingshen, director of the Industry-Education City Integration Committee of Yuwan Chamber of Commerce, attended the talks.