The People’s Bank of China (PBOC) is boosting supervision of its credit rating agencies. Photo: Bloomberg The People’s Bank of China (PBOC) is boosting supervision of its credit rating agencies. Photo: Bloomberg
The People’s Bank of China (PBOC) is boosting supervision of its credit rating agencies. Photo: Bloomberg
China economy

China debt defaults prompt authorities to tighten oversight of credit rating agencies

  • The People’s Bank of China (PBOC) is increasing supervision of its credit rating agencies in bid to restore faith in its giant onshore debt market
  • A series of defaults on bonds issued by top-rated Chinese companies late last year undermined the credibility of the domestic rating industry 

Topic |   China economy
The People’s Bank of China (PBOC) is boosting supervision of its credit rating agencies. Photo: Bloomberg The People’s Bank of China (PBOC) is boosting supervision of its credit rating agencies. Photo: Bloomberg
The People’s Bank of China (PBOC) is boosting supervision of its credit rating agencies. Photo: Bloomberg
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