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What's the difference between Chengtou and Chengfa?
The difference between them lies in the different nature of the company and the different financing methods.

1, the nature of the company is different: the city investment company is usually a wholly state-owned company, and the city development company is a wholly state-owned company or a state-owned holding company.

2. Different financing methods: Urban investment companies usually raise funds through bank loans, bond issuance and asset securitization, while urban development companies can raise funds through bank loans, bond issuance, asset securitization and equity investment.