On January 16, the 2021 China Enterprise Credit Development Forum & the 12th Good Faith and Public Welfare Ceremony took place in Beijing. The event was jointly organized by the China Enterprise Reform and Development Society and the China Cooperative Trade Enterprises Association. Lists of 2020 China's Top 500 Creditworthy Companies and China's Top 100 Creditworthy Manufacturing Companies were announced. Xinbao Holdings was included in the list of "2020 China's Top 500 Creditworthy Companies" with a high rating of 94.108.
The selection of 2020 China's Top 500 Creditworthy Companies was based on an evaluation framework that includes mainly quantitative factors while considering qualitative factors under a multifaceted and weighted assessment matrix. Companies were assessed on a wide range of criteria such as "credit environment", "credit ability", and "credit behavior". The final rating reflects a company's financial status, business capacities and creditworthiness objectively.
Be it in the area of manufacturing or business operation, Xinbao remains steadfast in its value of integrity, as the cornerstone for its long-lasting growth. Inclusion in the list is a testament to Xinbao's strong business capabilities and creditworthiness.
January 28, 2021
