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...
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