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....

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