Beijing in long-awaited rating agency crackdown
Six Chinese credit rating agencies, including the three biggest, have received warnings from the securities regulator, which plans to tighten rules around the sector.
China’s securities watchdog has issued warnings to six local credit rating agencies and plans to tighten regulation of the sector, in a move that foreign investors will welcome amid the rapid opening of mainland bond markets.
This follows a series of investigations into seven rating agencies by the China Securities Regulatory Commission (CSRC).
The regulator said on Friday it had sent warning letters to China Chengxin Securities Rating (CCXR), Dagong Global Credit Rating, Golden…
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