China Lifts Restrictions on Foreign-Invested Rating Agencies in Bond Market

Reuters
    Jul 20, 2019 12:00 PM  PT
China Lifts Restrictions on Foreign-Invested Rating Agencies in Bond Market
author: Reuters   

SHANGHAI (Reuters) - China will permit foreign-invested rating agencies to give ratings to all forms of interbank market and exchange-traded bonds, the country's central bank said in a notice published on Saturday.

The People's Bank of China said it would also allow more qualified foreign-invested rating institutions to develop credit-rating businesses for the interbank market and exchange-traded bonds.


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