Core Viewpoint - Xiangjiang Group has achieved breakthroughs in innovative financing models and revitalizing existing assets, particularly through the establishment of the "CICC - Xiangjiang Group Rental Housing Asset Support Special Plan" (similar to REITs), which has garnered significant attention from various media outlets [1] Group 1: Financing Innovations - The successful establishment of the asset support plan has been widely reported by mainstream media and industry experts, highlighting Xiangjiang Group's exploration in asset securitization [1] - Since 2018, Xiangjiang Group has built a comprehensive and multi-layered industrial financial service system, establishing 45 funds with a total scale of 46.7 billion yuan [21] - The group has successfully issued various innovative financing projects, including the first CMBS in Hunan Province and the first REITs project for state-owned enterprises, significantly broadening financing channels [25] Group 2: Economic Impact - Xiangjiang Group's financial support has enabled the growth of technology companies like Hunan Huisi Optoelectronics, which received 30 million yuan to overcome funding bottlenecks and expand production capacity [19] - The group has effectively driven social capital exceeding 30 billion yuan through various funds, fostering dozens of technology enterprises and strengthening key industrial chains in Changsha [21] - The total assets of Xiangjiang Group have doubled in less than six years, with revenue and profit increasing more than fivefold, reaching over 127 billion yuan by the end of 2024 [28] Group 3: Risk Management and Credit Ratings - Xiangjiang Group has maintained a strong credit rating matrix, achieving a domestic AAA rating and international investment-grade ratings from major agencies, which supports its market-based financing efforts [22] - The group has implemented a dual-driven model of market-based financing and policy-based funding, optimizing its financing structure and reducing costs significantly since 2018 [26]