Landmark rating regulation to boost China's bond market
New credit rating regulations will help promote a dependable risk assessment system in China.
The China Securities Regulatory Commission CSRC has announced new provisional rules governing the credit rating of fixed income securities and listed companies, in a further effort by the Chinese government to bolster the PRCÆs corporate bond market.
The new rules stipulate that only qualified Chinese credit-rating companies competent in ôsecurities market credit rating servicesö will be authorised to rate bonds, asset-backed securities and other fixed-income securities, as well as their issuers. In addition, such ratings will now be mandatory....
To continue reading, please login or register for free