landmark-rating-regulation-to-boost-chinas-bond-market

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.

According to China Daily, the credit rating rules involve assets either authorised by the CSRC or listed on the stock markets. The corresponding issuers, listed companies, non-listed public companies, securities companies and fund management companies...
¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222