Stricter rules coming for Chinese rating industry
The National Association of Financial Market Institutional Investors (Nafmii) is gearing up to unveil new standards for the Chinese rating industry this year.
The rules will tighten control on disclosure standards and conflicts of interests in the rating industry, GlobalRMB understands.The initiative to update regulations for the rating industry, led by Nafmii and supported by the People’s Bank of China (PBoC), began in the first half of 2018, according to ...
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