The CITIC Securities Research Report said that through reviewing and sorting out Xinchuang's historical policies, it is believed that the current development of Xinchuang has entered a period of full implementation in the 2.0 era, and that the industry Xinchuang is gradually accelerating, forming a two-wheel engine with the Party, Government, and Xinchuang. Looking at the direction of development, the Party and Government Credit Innovation is moving towards “broad” and “deep,” while industry credit innovation is represented by finance, telecommunications, etc., and is gradually moving towards comprehensive promotion. A new round of opportunities has emerged for the Xinchuang industry against the backdrop of potential financial support such as ultra-long-term treasury bonds, and safe and reliable assessments to support category substitution capabilities. Maintain the industry's “stronger than market” rating.

The CITIC Securities Research Report said that through reviewing and sorting out Xinchuang's historical policies, it is believed that the current development of Xinchuang has entered a period of full implementation in the 2.0 era, and that the industry Xinchuang is gradually accelerating, forming a two-wheel engine with the Party, Government, and Xinchuang. Looking at the direction of development, the Party and Government Credit Innovation is moving towards “broad” and “deep,” while industry credit innovation is represented by finance, telecommunications, etc., and is gradually moving towards comprehensive promotion. A new round of opportunities has emerged for the Xinchuang industry against the backdrop of potential financial support such as ultra-long-term treasury bonds, and safe and reliable assessments to support category substitution capabilities. Maintain the industry's “stronger than market” rating.