Will Weifang City Investment Bank fail?

No, although bankruptcy can dissolve the government's hidden debt, which is one of the seven ways to clean up the government's hidden debt, it is unacceptable to attack the government's credit, and the high probability is to reach a mutually acceptable solution with the debtor. Weifang Bincheng Investment Development Co., Ltd. was established in August 2005 with a registered capital of 3 billion yuan. It is a group company in Hanting District, Weifang City, which takes state-owned assets as the main body of operation and invests in urban and rural infrastructure construction with its own funds.