HZBank(SH:600926) Sou Hu Cai Jing·2025-08-14 06:19Core Viewpoint - The credit rating agency China Chengxin International has assigned an "AAA" rating to Hangzhou Financial Investment Group Co., Ltd, citing the city's strong economic development and fiscal strength as key supporting factors [1][3]. Group 1: Company Overview - Hangzhou Financial Investment Group Co., Ltd, originally established as Hangzhou Investment Holding Co., Ltd in August 1997, operates under the authorization of the Hangzhou municipal government [2]. - The company has a registered capital of 700 million yuan and is primarily engaged in the management and operation of state-owned assets [2]. - As of January 2024, the Hangzhou municipal government transferred 90.59% of its shares in the company to the Hangzhou Finance Bureau, changing the actual controller to the Finance Bureau [2]. Group 2: Financial Performance - The company's revenue sources include financial services such as trade, trust, and guarantee businesses, as well as citizen card services, with significant contributions from high-quality financial assets [2]. - The total operating revenue for the company was 21.584 billion yuan in 2024 and 1.031 billion yuan in the first quarter of 2025 [2]. Group 3: Credit Rating and Outlook - China Chengxin International believes that the credit level of Hangzhou Financial Investment Group will remain stable over the next 12 to 18 months [3].