Recently, Standard & Poor’s, one of the world-renowned rating agencies, granted the long-term rating “BBB+” and the short-term rating “A-2” to Shougang Fund, and the outlook for long-term rating was stable. After being granted A- and AAA by Fitch and Dagong Global Credit Rating Co., Ltd., it is another high rating granted to Shougang Fund is by an international rating agency and Shougang Fund is in a leading position in the rating among similar agencies.

Shougang Fund was jointly initiated and established by Beijing Municipal Government and Shougang Group. It is responsible for the management of 15 funds including the industrial investment fund of Beijing-Hebei collaborative development, with a total investment of 48 billion yuan. In its rapid development, Shougang Fund has received the support and recognition from all sectors of society. In the future, the Company will continue to uphold the concept of “not insisting on everlasting excellence among inferior companies”, and stick to creating value for investment companies and serving the real economy well.

Standard & Poor’s, Fitch, and Dagong Global Credit Rating Co., Ltd. are globally renowned international credit rating agencies. According to introduction, in August 2017, Fitch granted Shougang Fund Co., Ltd. the long-term Issuer Default Rating “A-” and the short-term Issuer Default Rating “F1”, and the outlook was stable. In September 2017, Global Credit Rating Co., Ltd. rated Shougang Fund Co., Ltd. as “AAA”, and its rating outlook was stable. The company credit rating AAA is the highest credit rating, indicating that the Company has a strong ability of meeting its liabilities, that it is basically not affected by the adverse economic environment, and that its default risk is extremely low.

In this rating, Standard & Poor’s believes that Shougang Fund will be the core in Shougang Group’s reforms in the next two years at least, and it will also play an important role in Beijing’s urban development. With the strong support of Beijing Municipal Government and Shougang Group, it is expected that Shougang Fund will continue to develop rapidly in the next few years and play a key role in the transformation of Shougang Group and Beijing from the old industries to the new industries.