 | |
| Industry | Bond credit ratings |
|---|---|
| Founded | 1992[1] |
| Headquarters | , |
Key people | Dr. MAO Zhenhua (Chairman)[2] |
| Website | China Chengxin Group China Chengxin International China Chengxin Securities Rating China Chengxin Asia Pacific |
China Chengxin Credit Rating Group was founded in Beijing on 8 October 1992 through the incorporation of China Chengxin Credit Management Co Ltd (renamed as China Chengxin Credit Management Co. Ltd. in 2002),[1] which is the first nationwide credit rating company of China.[3] Subsequently, it formed subsidiaries and established branches across China, including China Chengxin International Credit Rating Company Limited (the joint venture credit rating company among China Chengxin Securities Rating Company Limited, Fitch Ratings and International Finance Corporation established in 1999).[4] The share-holder structure of the joint venture company was changed in 2006 when Moody's came in to take over the equity positions of Fitch and the supranational institution.[5] The company is one of the few major credit rating agencies currently operating in China.[6]
China Chengxin Credit Management Co. Ltd. went to Hong Kong to set up its subsidiary, China Chengxin (Asia Pacific) Credit Ratings Company Limited, which received the Type Ten License from Hong Kong Securities and Futures Commission on 28 June 2012, thus became the first Chinese credit rating company going out of the Chinese mainland to do credit rating business in the international capital markets.[7]
China Chengxin Credit Rating Group has branches and subsidiaries operating in Beijing, Shanghai, Hong Kong, Shenzhen, Fujian, Wuhan, Shandong, Liaoning, Tianjin, Jiangsu, Zhejiang, Shanxi and Shaanxi.[8]
- ^ a b Benton E. Gup (20 July 2006). Capital Markets, Globalization, and Economic Development. Springer. pp. 200–. ISBN 978-0-387-24563-8. Retrieved 2 August 2013.
- ^ "China Chengxin Corp Website".
- ^ Katie Hunt (31 October 2012). "China ratings firms challenge US dominance". BBC.
- ^ "Fitch IBCA Announces Rating Joint Venture in Beijing". Fitch IBCA. Retrieved 11 April 2013.
- ^ Moody's Corp. "CCXI".
- ^ K. Thomas Liaw (1 November 2011). The Business of Investment Banking: A Comprehensive Overview. John Wiley & Sons. p. 352. ISBN 978-1-118-00449-4. Retrieved 2 August 2013.
- ^ "Hong Kong's role as China's global financial centre attracts China Chengxin credit rating company to set up". InvestHK. 31 July 2012. Archived from the original on 30 December 2013. Retrieved 30 December 2013.
- ^ "分支机构". CCX. Archived from the original on 22 August 2015. Retrieved 2 Aug 2013.