Group 1 - The conference hosted by China Chengxin International discussed the current "new situation" characterized by both challenges and opportunities in the bond market, emphasizing the need for innovation and optimization in service to the real economy [1][2] - The launch of the world's first global rating sequence based on RMB debt repayment capability was announced, which ranks domestic and international entities on their ability and willingness to repay RMB debts [2][3] - The global RMB sequence features a unique rating system that considers sovereign risk, industry risk, and environmental differences in domestic and international regulatory and market development stages, with over 60% of rated entities falling within the investment-grade category of BBB-gr and above [2][3] Group 2 - The global RMB sequence aims to provide a comparative benchmark for risk pricing in RMB-denominated financing, facilitating the internationalization of the RMB and enhancing China's capital market openness [3] - In the context of urban investment bonds, the balance between debt resolution and development is highlighted as a long-term challenge, with a focus on effective investment in key areas under macroeconomic adjustments [3]