HONG KONG, 30 October 2025 – Lianhe Ratings Global Limited (“Lianhe Global”), an international credit rating company, has assigned ‘A’ global scale Long-term Issuer Credit Rating to Qingdao Ronghui Wealth Investment Holding Group Co., Ltd. (“QDRH” or “the company”). The Outlook is Stable.
The Issuer Credit Rating reflects a high possibility that the People’s Government of Shibei District, Qingdao City (“Shibei government”) would provide very strong support to QDRH if needed. This mainly considers the Shibei government’s direct majority ownership of QDRH, QDRH’s strategic position as an important local investment and development company (“LIDC”) responsible for state-owned asset operation and equity investment in Shibei District (“Shibei”). The linkage between the local government and QDRH is strong, including management supervision, strategic alignment, and ongoing operational and financial support. In addition, the local government may face significant negative impact on its reputation and financing activities should QDRH encounter any operational or financial difficulties.
Shibei is one of the core urban areas of Qingdao City (“Qingdao”). In 2024, Shibei’s GDP grew steadily by 4.8% to RMB125.7 billion, while its budgetary revenue decreased by c.10% to RMB8.6 billion.
The Stable Outlook reflects our expectation that QDRH’s strategic importance would remain intact while the Shibei government will continue to ensure QDRH’s stable operation.