Tuesday, October 20, 2020
Tags Credit rating

Tag: Credit rating

Ministry of Finance Says S&P’s Downgrade of China’s Credit Rating “Hard to Comprehend”

The Ministry of Finance has issued a strongly worded response to Standard & Poor's latest decision to downgrade China's sovereign credit rating by one...

Standard and Poor’s Downgrades China’s Credit Rating Due to Mounting Debt

Ratings agency Standard and Poor's has made a downward adjustment to China's sovereign credit rating due to concerns over the country's burgeoning debt levels. The...

Central Bank Says China’s AA- Bonds Are BBB- Internationally.

The People's Bank of China has called for the opening up of the corporate credit ratings market in order provide a sounder basis for assessing...

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Chinese Central Bank Overhauls Commercial Banking Law

The People's Bank of China (PBOC) has unveiled a broad raft of proposed changes to China's commercial banking law.

Ant Group Raises Target Valuation to USD$280 Billion

Chinese fintech giant Ant Group plans to raise the target value for its IPO to USD$280 billion according to sources.

Postal Savings Bank of China Enters Comprehensive Strategic Cooperative Agreement with JD.com’s Fintech Subsidiary

One of China's big six state-owned banks has entered a strategic cooperative agreement with the fintech subsidiary of a leading Chinese e-commerce...

Foreign Companies Will Not Flee China Despite Impacts of COVID-19 on Global Economy: Deputy IMF Director Zhu Min

One of China's leading economists says that the COVID-19 pandemic and its related impacts will not compel foreign companies to withdraw from...