【风控及亮点】 
1、当地最大城投融资：昌邑市渤XXX有限公司（原名：昌邑市经XXX投资公司），潍坊市政府持股70%，昌邑市 
财政局持股30%，截止2020年6月总资产200.7亿，净资产108.1亿，主体评级AA，债评AA+昌邑市财政局对其应付账 
款超过40亿元，政府平台属性明确且得到当地政府大力支持！ 
2、市财政局控股平台担保：昌邑市昌XXXX展投资集团有限公司，由昌邑市财政局100%控股，总资产88.49亿 
3、应收账款质押：提供价值1.2亿的应收账款质押，债务人为昌邑市国有资产经营投资有限公司，昌邑市国有资产运 
营管理中心100%控股（已确权） 
4、土地抵押：发行人提供价值80312.16万元土地进行抵押担保，多倍覆盖本息&nbsp;</b>
【昌邑市介绍】 
2020年昌邑市实现地区生产总值450亿元，同比增长2%;完成一般公共预算收入32.42亿元，同口径增长3.5% 
昌邑市连续9年迈进中国中小城市综合实力百强、投资潜力百强，连续2年入围绿色发展百强、科技创新百强、新型城镇化质量 
【翻译英文版】：♨thewebcelebrity,shandongprovince,the6-monthzhengletter&havespent
IssuersarethemostgreatcityforAArating(subject)+receivablespledge||landmortgageplanbreath&havespentmoneyday
【changyicitybohaiweifangdieselholding2022directionalfund-raisingplans】&havespent
Size:100million
Deadline:6/12/24.;Thequarterlypayments&havespent
Earnings:&havespent
6months:10-1million:1millionmorethan8.0%:8.3%&havespent
12months:10-50-100-3million;8.8%-9%-9.3%-9.6%&havespent
24months:10to50-100-3million;9%-9.2%-9.5%-9.8%&havespent
Money:intelligentequipmenttoastandardworkshopandinfrastructureconstructionphaseiiproject. 
&riskcontrolandthewindow】【havespent
1,thebiggestcityoverlocalinvestmentandfinancing:changyicitybohaiXXXco.,LTD.(formerlyknownas:changyicitybyXXXinvestmentcompany),weifanggovernmenta70%stake,changyicity&havespent
Bureauhasa30%stake,asofJune2020,totalassetsof20.07billion10.81billion,netassetssubjectratingAA,debtratingofAA+changyicitybureauoffinanceforitsaccountspayables&havespent
Morethan4billionyuan,thegovernmentplatformpropertiesandstrongsupportfromlocalgovernment! 
Guarantee:2,municipalbureauoffinanceholdingplatformchangyicitychangXXXXinvestmentgroupco.,LTD.,controlledbychangyicitybureauof100%,thetotalassetsof8.849billion&havespent
3,accountsreceivablepledge:toprovide$120millionofpledgeofaccountsreceivable,obligorchangyicitystate-ownedassetsmanagementinvestmentco.,LTD.,changyicitystate-ownedassetsoperation&havespent
Campmanagementcenterholding100%(approval)&havespent
4,landmortgage:theissuertoprovidelandforcollateralvalue803.1216millionyuan,morethancovertheprincipalandinterest&havespent
Changyicityintroduction】【&havespent
Changyicitytorealizetheregion'sGDPtotaled45billionyuanin2020,up2%fromayearearlier.Generalpublicbudgetrevenueof3.242billionyuan,withdiametergrowthof3.5%&havespent
Changyicityfornineconsecutiveyearsintothetophundredstrongcomprehensivestrength,theinvestmentpotentialsmallandmedium-sizedcitiesinChina,2yearsinarowforgreendevelopmenttop,topscienceandtechnologyinnovation,newurbanizationquality&havespent
Listoftop,becometheprovince'ssix"fivetogether"oneofthecountiesandcities.