Beijing Centergate Technologies Yanqing Park Investment Development Co., Ltd. ("Yanqing Park") has successfully issued its first tranche of privately placed corporate bonds for professional investors in 2025, with credit rating services provided by Far East Credit Rating Co., Ltd. The bond issuance amounted to 400 million yuan with a coupon rate of 2.30% and achieved an oversubscription rate of 2.45 times.
As a key investment, financing, and asset management entity in Beijing's Yanqing District, Yanqing Park undertakes crucial responsibilities including the operation of commercial assets in Centergate Technologies Yanqing Science Park, land development, infrastructure construction, and industrial investment platform development. The park serves as a distinctive innovation hub in northwest Beijing, focusing on modern horticulture, winter sports, new energy, energy internet, and drone industries. These sectors have contributed significantly to Yanqing's industrial output and economic growth in recent years.
In 2023, Far East Credit Rating pioneered the development of a "Credit Rating Methodology and Model for Local Industrial Investment (Operation) Companies." This innovative model addresses the transformation of urban investment platforms by evaluating companies based on their unique attributes of "government affiliation without complete dependence" and "market-oriented operations with government backing." The methodology breaks away from traditional approaches that overemphasize either local fiscal strength or pure profitability, offering comprehensive assessment criteria with forward-looking perspectives.
Far East Credit Rating has continuously refined its industrial investment rating system in line with national policies and market needs, establishing a distinctive service framework (Version 2.0) that provides precise and efficient credit services to support high-quality development of local industrial investment platforms. Moving forward, the company remains committed to its principles of independence, objectivity, and fairness, leveraging its professional expertise and research capabilities to bridge financial markets and the real economy. It will continue focusing on key sectors including industrial investment, urban development, technological innovation, green finance, and elderly care services, empowering state-owned platforms and diverse market participants to facilitate industrial upgrading and sustainable economic growth through professional credit services.
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