Tue 23 Feb, 2021 - 9:46 PM ET. Fitch Ratings - Hong Kong - 23 Feb 2021: Fitch Ratings has assigned China-based Qingdao China Prosperity State-owned Capital Operation (Group) Co., Ltd.'s (QCPS, BBB/Stable) proposed US dollar senior unsecured notes a rating of 'BBB'. The proposed notes are to be issued by Huatong International Investment Holdings.. Mon 19 Apr, 2021 - 7:25 AM ET. Rating Derivation Summary: Qingdao China Prosperity State-owned Capital Operation (Group) Co., Ltd.'s (QCPS) ratings are assessed under Fitch Ratings' government-related entities (GRE) rating criteria. They reflect the state's ownership and control, and the company's policy role as Qingdao's state-owned.
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Qingdao Huatong State-owned Capital Operation (Group) Co., Ltd. is a state-owned company, directly under the municipal government.It was established in 2008.The registered capital is 20 billion yuan.Its business scope is investment and operation of manufacturing, modern service industry and high-tech industries; state-owned capital operation; land development; consulting services; non-bank.. Qingdao Huatong State-owned Capital Operations (Group) Co., Ltd. Description Close Open A state-owned company, directly under the municipal government, offering financing and investing for government construction projects, piloted by Huatong Group.