In 2016, SPIC successfully obtained A2, A and A?international credit ratings from Moody’s, Fitch Ratings and Standard & Poor’s respectively and issued USD 1.2 billion overseas bonds for the first time.
SPIC becomes a DFI member of the interbank bond market. It issued RMB 21 billion company bonds and RMB 4 billion renewable company bonds on the stock exchange market for the first time.
The business of SPIC Capital Holding covers insurance brokerage, trust, futures, leasing, factoring, funds and assets management. The assets spread over Beijing, Tianjin, Shanghai, Zhengzhou, Chongqing and Shenzhen. SPIC Finance Limited holds all operation qualifications specified in the Administrative Measures for Finance Company of Enterprise Group. It is a member of National Banking Industry Interbank Market, member of interbank currency market and member of National Association of Financial Market Institutional Investors. In 2015 and 2016, SPIC Finance Limited was successively appraised as class A (the highest comprehensive level) in industrial comprehensive rating organized by China National Association of Financial Companies. By the end of 2016, the total assets of financial industry reached up to RMB 96.164 billion; the operation revenue was RMB 5.83 billion; and the total profit exceeded RMB 3.39 billion.