No, Shandong Guo Hui Investment Holding Group Co., Ltd. was established in June 20 16. Established with the approval of Shandong provincial government, SASAC shall perform the responsibilities of investor. In September 2020, the company's management system was adjusted and it became an important state-owned backbone enterprise managed by the provincial party Committee. The company is positioned in two platforms: optimizing the layout structure of state-owned capital and serving major projects of transforming old and new kinetic energy. Emerging industries are the main body of investment operation with leading demonstration effect, and are state-owned capital investment companies with high degree of marketization, strong investment, financing and capital operation capabilities, mature development model, outstanding industrial characteristics and remarkable competitiveness. The company holds 20% of the shares of some state-owned enterprises owned by the State-owned Assets Supervision and Administration Commission of Shandong Province, and wholly owns or controls 65,438+05 directly affiliated enterprises such as Guotai Leasing, Shandong Salt Industry, Luyin Investment, Sanyang Shares and Guo Hui Fund. At present, the registered capital of the company is 30.05 billion yuan, the total assets are 65.438+06.475 billion yuan, and the total owner's equity is 65.438+0006./kloc-0.6 billion yuan, which has won the credit rating of AAA domestic entities and the international entity rating of Fitch BBB+ and Moody's Baa2.