Core Viewpoint - The report from China Chengxin International indicates that Guoxin Financing Leasing Co., Ltd. has received an "AAA" rating for its public bond issuance aimed at professional investors in 2025, highlighting the company's strong shareholder background and asset quality, while also noting potential risks from macroeconomic factors and industry concentration [1]. Group 1: Company Overview - Guoxin Financing Leasing Co., Ltd. was officially established on December 15, 2016, and is located in the Tianjin Free Trade Zone [2]. - The company was jointly funded by Guoxin Capital Co., Ltd. and Guoxin Holdings Hong Kong Co., Ltd., with an initial registered capital of 2 billion RMB [2]. - As of March 2025, the registered capital of Guoxin Leasing has increased to 10 billion RMB, with paid-in capital of 8.75 billion RMB [2]. - Guoxin Capital holds a 77.14% stake, while Guoxin Holdings Hong Kong owns 22.86% of the company [2]. - Both Guoxin Capital and Guoxin Holdings Hong Kong are wholly-owned subsidiaries of China Guoxin, which is a central enterprise directly under the State-owned Assets Supervision and Administration Commission of the State Council [2]. Group 2: Business Operations - The primary business scope of Guoxin Leasing includes financing leasing, leasing services, purchasing leasing assets domestically and internationally, and handling the residual value and maintenance of leasing assets [2]. - The company also engages in related factoring business and provides consulting services for financing leasing [2].