Guian Industrial Development Holding Group, a State-owned enterprise in Guian New Area, Southwest China's Guizhou province, became the first enterprise in Guian to receive a credit rating of AA+ on July 17.
The credit rating is an overall evaluation of the group's comprehensive strength and core competitiveness. Higher credit ratings are based on an enterprise's good credit, business operations, profitability, contractual capacity, and debt-paying ability.
The group was established in July 2020 and business spans city infrastructure construction, industrial park development, finance, commerce services, tourism, and industrial manufacturing.
It also focuses on the emerging information, intelligent, health, and service industries.
Since its establishment, the group has been involved in construction projects such as data centers, industrial parks, and commercial complexes.
The group will work to strengthen its market-oriented business capacity and aims to exceed 100 billion yuan ($15.44 billion) in assets and 50 billion yuan in net assets by 2025.