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Overview
CEO Message
History
Global Network
Fitch in China
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Fitch is committed to the development of the credit rating industry in China, and continues to bring in advanced technologies and rating methodologies into the capital market in China. Approved by the Ministry of Commerce’s Beijing Xicheng Bureau, Fitch Ratings (Beijing) Limited had successfully registered with the State Administration of Industry and Commerce in Chinese territory and was established on April 30, 2005.
Currently, Fitch Ratings offers full range of rating services and maintains stable relationships with the Ministry of Finance, state owned policy and commercial banks, shareholding commercial banks, fund management companies, state-owned enterprises, listed companies, insurance companies, and others. Fitch’s team of bi-lingual analysts, based in China, combine Fitch’s well-established international methodologies with strong local know-how. Fitch Ratings strives to utilize its international experiences and renowned technology to serve the corporations, financial institutions and investors in China and contributes to the developments of capital market in China.
To better facilitate the development of the capital market in China, Fitch Ratings obtained approval form the regulatory authorities and successfully converted China Lianhe Credit Ratings Co., Ltd. ("Lianhe") into a joint venture in August 2007. As a specialized credit rating agency, Lianhe has set up its footprints across the country and is widely recognized as one of the biggest and most influential credit rating agencies in China. Dedicated to capital market credit rating, Lianhe assigns ratings to both corporate and banking issuers, as well as to their issuances, including corporate bonds, financial bonds, securitization products, etc. Currently, Lianhe boasts close to one hundred credit analysts, with some senior analysts having worked in this sector for over a decade. Moreover, Lianhe is a qualified credit rating agency for the inter-bank market and is officially recognized as a qualified rating agency by multiple regulatory authorities including People's Bank of China, National Development and Reform Commission and China Insurance Regulatory Commission.
Previously, Fitch Ratings, China Chengxin Securities Rating Co. Ltd., International Finance Corporation, and Zhonghua Industry and Commerce Daily Industrial Development Company jointly set up China Cheng Xin International Credit Rating Co., Ltd. (CCXI) on August 24, 1999, a first domestic Sino-foreign joint venture credit rating agency registered with the State Administration of Industry and Commerce. Under the strong technical support of Fitch Ratings’ experts, CCXI developed closer to international standards and its rating capacity had been greatly enhanced. To better serve the market in China, Fitch Ratings established a representative office in Beijing in 2003.
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