Core Viewpoint - The successful issuance of the asset-backed securities by Shanghai Fengfa Group highlights the recognition of Shenwan Hongyuan's sales strength and lays a solid foundation for future business cooperation between the company and the issuer [1] Group 1: Asset-Backed Securities Issuance - The issuance scale of the asset-backed securities is 1.4737 billion yuan, with a bond term of 18 years and a coupon rate of 2.15% [1] - The issuer, Shanghai Fengxian Landscaping Engineering Co., Ltd., is a state-owned enterprise established in 1998, primarily engaged in landscaping engineering design, construction, and maintenance [1] - The company has multiple professional qualifications, including special design qualifications for landscape construction and a level three general contracting qualification for housing construction [1] Group 2: Company Profile - Shanghai Fengxian Landscaping Engineering Co., Ltd. has expanded its business scope to include housing construction, municipal engineering, and river and lake remediation [1] - The company holds four patents in areas such as landscaping construction, maintenance, and special design [1] - The corporate culture emphasizes the creation of a beautiful living environment for humanity, aiming to enhance urban greening [1]