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Why China’s rating agencies must shape up

Toby Yiu
In the second of two articles on China's newly opened interbank bond market, AsianInvestor outlines what investors should know about mainland rating agencies.
Why China’s rating agencies must shape up

Investors may be eagerly eyeing the opportunities on offer in China’s newly opened $7.3 trillion interbank bond market, but they are also wary of the risks – which are accentuated by the absence of reliable credit ratings. Moves are afoot to address the problem, but they will take time.

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