Chinese ratings industry handed bonds test

The first local government bonds have become the latest test for China’s rating agencies.

Chinese ratings industry handed bonds test

The completion of 10 Chinese local government bonds in October has transformed the industry in more ways than one.

China’s local governments were allowed for the first time to tap the bond markets for funds directly, issuing Rmb109.2 billion $17.9 billion, which was a big enough step.

But the move was also significant for the development of the local ratings industry, whose agencies are allowed, also for the first time, to...

To continue reading, please login or register for free

Click for more on: china | bonds | rmb | china rating corporation

Print Edition

FinanceAsia Print Edition


  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...