Huzhou Communications Investment Group Co.,Ltd - Fitch Research

Huzhou Communications Investment Group Co.,Ltd

Huzhou Communications Investment Group Co.,Ltd - Fitch Research
Huzhou Communications Investment Group Co.,Ltd
Published Nov 13, 2019
4 pages (2211 words) — Published Nov 13, 2019
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Brief Excerpt:

...Strategic Importance to Municipality: Fitch Ratings assesses Huzhou Communications Investment Group Co.,Ltd. (HCIG) under its Government-Related Entities (GRE) Rating Criteria. This reflects Huzhou municipality's control and support of the entity via the State- owned Assets Supervision and Administration Commission (SASAC) of Huzhou. Fitch also factors in the strategic importance of HCIG to Huzhou, a city in eastern China. `Very Strong' Status, Ownership and Control: HCIG was established as a limited liability company under China's company law. The local government maintains full ownership and strong control over the company via Huzhou SASAC by appointing senior management, approving major investment and financing plans, and monitoring operating and financial performance. `Strong' Support Record and Expectations: HCIG received substantial local-government capital injections and subsidies to improve its capital structure and profitability, mainly via billions of yuan in land-use rights,...

  
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MLA:
Fitch Research. "Huzhou Communications Investment Group Co.,Ltd" Nov 13, 2019. Alacra Store. Dec 09, 2019. <http://www.alacrastore.com/fitch-credit-research/Huzhou-Communications-Investment-Group-Co-Ltd-RPT_10099788>
  
APA:
Fitch Research. (2019). Huzhou Communications Investment Group Co.,Ltd Nov 13, 2019. New York, NY: Alacra Store. Retrieved Dec 09, 2019 from <http://www.alacrastore.com/fitch-credit-research/Huzhou-Communications-Investment-Group-Co-Ltd-RPT_10099788>
  
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