Free Trial

China to Improve Credit Rating Standards: Yicai.com

CHINA PRESS
MNI (Sydney)

China's credit rating industry is likely to see a round of mergers and acquisitions as the PBOC prepares a plan to overhaul for the industry following a few state firms' defaults, Yicai.com reported. Rating agencies are required to build a rating mechanism centered on default rates and track their ratings timely, according to the PBOC's draft posted on its website Sunday. Credit ratings in the Chinese bond market are often criticized for inaccuracies and lacking distinctions, the newspaper said.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.