200亿国资平台，爆雷了

Core Viewpoint - The announcement from the Industrial and Commercial Bank of China indicates that Dengfeng Construction Investment Group Co., Ltd. has experienced a significant debt default, raising concerns about its guarantee responsibilities and financial stability [2][4]. Group 1: Debt Default and Financial Situation - Dengfeng Construction Investment Group has defaulted on a loan guarantee for its subsidiary, with an overdue amount of approximately 37.12 million yuan [4]. - The company has total assets of 21.867 billion yuan and net assets of 14.85 billion yuan, but faces liquidity issues with only 3.665 million yuan in cash against short-term debts of 3.6 billion yuan [5][6]. - The company is actively communicating with relevant parties to arrange for subsequent payment despite the small amount involved, indicating a potential domino effect of debt risks across its subsidiaries [5]. Group 2: Broader Implications and Market Reputation - The default has led to Dengfeng Construction Investment being listed as a dishonest executor, which could severely damage its market reputation and ability to secure future financing [8][11]. - Other city investment companies have also been listed as dishonest executors, highlighting a trend that could lead to a vicious cycle of defaults and financing difficulties within the industry [10][11]. - The company has a guarantee balance of 1.575 billion yuan for its subsidiaries, which poses additional risks as it has not set up counter-guarantees [6][7].