Glonghui, December 26 | COFCO Capital said on the interactive platform that the company's high balance ratio is mainly due to the business characteristics of the life insurance industry and futures industry. The life insurance industry first collects premiums and then provides services. Insurance companies' assets mainly come from premiums paid by policyholders, and insurance benefits that do not require timely compensation and payment account for a large proportion of total liabilities; similarly, the futures industry collects customer guarantees first and then provides services. The source of debt is mainly security deposits paid by customers. Currently, the company is operating steadily, and the liquidity risk is low.