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27th April 2017

 

CCX Seminar on "The Road for Chinese Enterprises to Financing in Overseas" was successfully held

 

The CCX Seminar on "The Road for Chinese Enterprises to Financing in Overseas", which was jointly organized by the China Chengxin International Credit Rating Co., Ltd. (“CCXI”) and China Chengxin (Asia Pacific) Credit Ratings Company Limited (“CCXAP”), was successfully held on Wednesday 26th April in JW Marriott Hotel Beijing Central.

CCX announced its first Global credit rating framework of Local Government Finance Vehicle (“LGFV”) at the Seminar. The Seminar brought together more than 400 crucial actors –including professionals from CCXI, CCXAP, domestic and international underwriters, issuers, investors, law firms – to discuss various hotspot issues on attracting Chinese enterprises to financing in overseas.


The welcoming speech was given by the Chief Executive Officer of CCXI, Mr. ZHOU Hao. The Managing Director of CCXAP, Ms. TIAN Rong, shared along with her strategic keynote presentation on “Policy and Prospects of Chinese Enterprises to Issue Offshore Bonds”. Various professionals from JP Morgan China, Moody's, Haitong Securities and Mr. KONG Lingqiang, Vice President of CCXI also shared their keynote presentation regarding the topic.


Moving forward, a panel discussion hosted by Mr. SHAO Jinhong, Executive Director & CEO of CCXAP, together with industry experts and law firm partners from Local Government Financing Rating Unit of CCXI, Bond Department of Standard Chartered Bank Greater China, Haitong International Securities Group, Clifford Chance LLP and Linklaters LLP was held. They gave fruitful sharing on LGFV combined with their own business experiences.


With enthusiastic response from participants, the Seminar presented many actionable steps on LGFV, which will help Chinese enterprises to have a better understanding on process and concerns to financing in overseas, CCX will also continue to play a positive role in promoting overseas issuance for Chinese enterprises.