Judging from the current situation, it will not close down.

Introduction to Zhonghai Xinda Guarantee Co., Ltd.: A: Founded on April 3, 2007, with a registered capital of 1 billion yuan and net assets of approximately 2 billion yuan. It is a large-scale professional company established with the approval of the Beijing Administration for Industry and Commerce for the whole country.

It is a financial guarantee company with a joint credit rating of AA.

The company is headquartered in Beijing.

The main business includes working capital loans, corporate bill discounting, acceptance bills, financial leasing, corporate establishment, corporate mergers and acquisitions, and import and export trade for real estate development, infrastructure construction, high-tech enterprises, hydropower, wind power, and small and medium-sized enterprises.

Guarantee etc.

At present, China Overseas Cinda has invested in a number of projects under construction and energy projects across the country, and has established business cooperation relationships with joint-stock banks such as Bank of China, Agricultural Bank of China, China Construction Bank, Bank of Communications, China Merchants Bank, Beijing Rural Commercial Bank, and Hua Xia Bank; it has also established business cooperation with many domestic asset banks.

Established cooperative relationships with management companies, trust companies, financial leasing companies, etc.; designed new non-performing asset restructuring plans and processes for several domestic commercial banks and cooperated in their implementation.

China Overseas Cinda Guarantee ranked 14th among China's Top 100 Guarantees in 2009. It received an AA credit rating in 2011 and obtained a five-year financing guarantee company operating license in May 2012.

With a credit rating of AA in 2012, the company is located in Northeast China in Beijing and Dalian, and has invested in multiple real estate projects under construction and wind power station projects.

B: Zhonghai Cinda was the first in the industry to propose the business philosophy of guaranteed investment, combining guarantees and investments, and converting all or part of the guaranteed funds into equity of the guaranteed enterprise.

This new business model not only improves the company's income level, but also reduces the company's business risks.