S&P wins race for China's $11t bond market

Investors can now turn to a familiar face in China as S&P Global is granted the first licence to offer credit ratings services. Will this be a game-changer?

S&P wins race for China's $11t bond market

SP Global has gained permission to set up a wholly-owned subsidiary based in Beijing to conduct credit-rating services for debt offerings in the nation's $11 trillion interbank market, according to a press release on Monday.

The People’s Bank of China PBoC said that approval for SP meets demand from global investors who had increased their holdings of yuan-denominated assets.

“We believe that we are best equipped to provide an independent...

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