China regulator draws up credit rating rules

The China Securities Regulatory Commission, the country's securities watchdog, has published a draft of detailed rules governing the operations of local credit rating agencies in a move likely to accelerate the development of the Chinese corporate bond market.

The publication of the new rules yesterday comes a fortnight after the CSRC assumed greater power and responsibility over the fledgling corporate bond market, overhauling the previous regulatory regime, which bankers called "restrictive".

WSJ Logo
U.S.’s Biggest Asian Allies Ready Last-Ditch Trade Appeal to TrumpExternal link

U.S.’s Biggest Asian Allies Ready Last-Ditch Trade Appeal to Trump