Anrong Rating Invited to Attend the 2025 Foshan Conference on Leveraging the Capital Market to Promote High-Quality Economic Development
On February 28th, the "Capital Empowerment, New Beginnings" , 2025 Foshan Conference on Leveraging the Capital Market to Promote High-Quality Economic Development was grandly held. Anrong Credit Rating Co., Ltd. (referred to as "Anrong Rating") was invited to attend as the only credit rating agency, both domestically and internationally, to participate in the event.
Dr. Zhou Yuanfan, Chief Economist of Anrong Credit Rating Co., Ltd. and Director/RO of Anrong (Hong Kong) Credit Ratings Co., Ltd., attended the conference as a guest speaker. He was accompanied by Mr. Zeng Yingfeng, Vice President of Anrong Rating and General Manager of the Hong Kong-Shenzhen Headquarters, Mr. Zeng Zhengxin, General Manager of the Shenzhen Branch, and Mr. He Guozhi, Deputy General Manager of the Financial Markets Department, among other team members. Their participation underscored Anrong Rating's strong commitment to this prestigious event and its firm dedication to deepening its presence in the Guangdong-Hong Kong-Macao Greater Bay Area's capital market.
The conference focused on key topics related to the deep integration of the capital market in driving Foshan’s high-quality economic development, attracting widespread attention from various sectors. Senior officials from Guangdong Province, including Ni Quanhong, Deputy Director of the Guangdong Provincial Financial Supervisory Authority, and Huang Wanghou, Deputy Director of the Guangdong Securities Regulatory Bureau, attended the event. Foshan’s Mayor Bai Tao, along with Liu Jie, Member of the Standing Committee and Vice Mayor of Foshan, also participated. Additionally, numerous entrepreneurs, representatives from investment institutions, experts, scholars, and regulatory officials gathered to discuss the development of the capital market, explore new industry opportunities, and map out future strategies. Professor Ba Shusong, Managing Director and Chief Economist of the Hong Kong Stock Exchange, delivered a keynote speech titled "Leveraging Hong Kong’s International Financial Strengths to Promote High-Quality Financial Development in the Greater Bay Area". His address provided an in-depth analysis of Hong Kong’s unique advantages and its leading role in the region’s financial development.
As a powerhouse in the manufacturing sector, Foshan has long placed great emphasis on capital market development, yielding remarkable achievements. Since its first listed company was established in 1993, Foshan has made significant strides in the capital market. The city now boasts 83 domestically and internationally listed enterprises, with a cumulative fundraising total nearing 500 billion RMB and a total market capitalization exceeding 1.2 trillion RMB, ranking first among all prefecture-level cities in China. Foshan’s bond financing sector has also seen outstanding growth. In 2024, non-financial enterprises in the city experienced an explosive surge in bond issuance, with 43 issuances raising 31.23 billion RMB, marking a 10.35% year-on-year increase. Beyond the expanding scale, the quality of issuers has significantly improved. INFORE ENVIRO and Haisheng Financial Leasing successfully attained “AAA” rating, while Nanhai Shishan Investment Holdings, Shunkong City Investment, and five other town-level entities achieved “AA” rating or above, marking breakthroughs in bond financing for township-level state-owned enterprises. Additionally, Guicheng Investment successfully issued 500 million RMB in corporate bonds, while Nanhai High-Tech Investment issued 670 million RMB in rural revitalization bonds. Foshan has also seen continuous innovation in bond products. Nanhai Holdings Group and Nanhai Industrial Group successfully issued multiple technology innovation bonds, while Sanshui Investment Development Group and Nanhai Lianda Investment Company issued green bonds in overseas capital markets, demonstrating Foshan’s dynamic and innovative approach in both domestic and international capital markets.
During his speech at the conference, Mayor Bai Tao emphasized Foshan’s commitment to its Manufacturing Powerhouse Strategy. With an industrial output exceeding 3 trillion RMB and 10 industry clusters each valued at over 100 billion RMB, Foshan’s strong industrial foundation provides a solid platform for capital market development. He encouraged entrepreneurs to leverage market opportunities, utilize policy support, and actively participate in capital market activities such as IPOs, refinancing, mergers & acquisitions, and bond issuances to achieve breakthrough growth.
The conference reached its climax with a series of high-profile signing ceremonies, covering corporate mergers and acquisitions, industrial fund collaborations, and strategic partnerships between financial institutions and local governments. These agreements injected fresh momentum into Foshan’s high-quality economic development.
As the only credit rating agency invited to the conference, Anrong Rating’s participation is not only a strong recognition and endorsement of its professional capabilities by the capital market but also a testament to its deep commitment to the Guangdong-Hong Kong-Macao Greater Bay Area and its dedication to providing precise financial services for the regional economy. Foshan has achieved outstanding results in capitalizing its regional economy, and Anrong Rating has actively responded by establishing a specialized credit rating team for the Greater Bay Area and launching its Hong Kong-Shenzhen Headquarters on January 9th, 2025. Moving forward, Anrong Rating will focus on developing three differentiated services:
1. Developing the "Intelligent Manufacturing Industry Chain Credit Rating Model". This will enable the precise identification of potential value in technology and innovation enterprises, providing strong support for their development.
2. Establishing a Regional Economic Credit Database. By comprehensively integrating economic data at the district, county, and town levels, this initiative aims to facilitate the industrial transformation of local financing platforms.
3. Building a Cross-Border Credit Rating Standard Conversion System. This will remove rating barriers in cross-border financing, helping domestic enterprises expand internationally.
Looking ahead, Anrong Rating will fully leverage its professional expertise to integrate more deeply into Foshan’s capital market, support corporate bond financing, and contribute to Foshan’s transition into a new stage of high-quality economic development. Together with Foshan, Anrong Rating aims to create a new era of industrial and financial prosperity in the Greater Bay Area.