A New Era for Chinese Credit Rating Provision

Abstract

Credit rating in China has been, since the 1980s, the domain of domestic credit rating agencies. Now, however, the Chinese Government has allowed a global CRA into its country for the very first time. This raises a number of important questions about how that assimilation may work in reality, and the effect it may have upon the unique entity that is China. This article therefore attempts to assess and answer those questions.