S&P wins

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?

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 opinion on China’s debt markets as they develop, and we are ready to play our part,” John Berisford, president of SP Global Ratings said in the press release.

And the introduction...

¬ 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