July 20, 2019 / 7:51 AM / a month ago

China lifts restrictions on foreign-invested rating agencies in bond market

SHANGHAI (Reuters) - China will permit foreign-invested rating agencies to give ratings to all forms of interbank market and exchange-traded bonds, the country’s central bank said in a notice published on Saturday.

The People’s Bank of China said it would also allow more qualified foreign-invested rating institutions to develop credit-rating businesses for the interbank market and exchange-traded bonds.

Reporting by Andrew Galbraith and David Stanway

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