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Company Profile

China Chengxin (Asia Pacific) Credit Ratings Company Limited (“CCXAP”) was established under the Hong Kong Companies Ordinance in October 2010 and received a Type 10 License (Providing Credit Rating Services) from the Hong Kong Securities and Futures Commission on 28 June 2012, becoming the first Chinese credit rating company from the Mainland operating in the international market.

 

CCXAP is wholly owned by China Chengxin International Credit Rating Company Limited (“CCXI”) through the direct shareholder, China Chengxin Securities Rating Company (“CCXR”). CCXI is the joint venture subsidiary of Beijing Zhixiang Information Management Consulting Co., Ltd. (“Beijing Zhixiang”) and the international credit rating company Moody's Investors Service (“Moody's”).

 

With the largest business operations and the best quality of services, China Chengxin Credit Rating group (“CCX”) enjoys the highest reputation of credit rating services in China. CCX have obtained the licence of providing credit rating service in the inter-bank market, the stock exchange market and Hong Kong international market. As the pioneer of China’s domestic rating industry since 1992, CCX is taking the leadership in the development of China's credit rating industry and independently developed dozens of credit rating services, including ratings for enterprise bonds, commercial paper, medium-term notes, convertible bonds, bank loans, insurance companies, trust products, money market funds, asset-backed securitized products, corporate governance and etc. These newly developed rating services and technological innovation has greatly promoted the development of China's rating market, as well as improved the technical level of China's credit rating industry.

Milestones of China Chengxin Credit Rating Group

 

1992

China Chengxin Credit Management Company Limited was founded on 8 October, 1992, formerly known as China Chengxin Securities Appraisal Co., Ltd., it was approved by People's Bank of China and was China's first joint-stock non-bank financial institution offering credit rating services, finance and securities consulting and information services. In September 2002, after receiving the approval of the State Administration for Industry and Commerce, China Chengxin Securities Appraisal Co., Ltd. was renamed China Chengxin Credit Management Co., Ltd.

1997

Established China Chengxin Securities Rating Company Limited

Accredited by People's Bank of China to provide credit rating services for debt securities

1999

Joint ventured with Fitch and International Finance Corporation to form China Chengxin International Credit Rating Company Limited until 2004

2003

First batch of credit rating companies recognized by China Insurance Regulatory Commission

Accredited by State Economic and Trade Commission to participate in small and medium enterprises credit rating pilot project

2005
Received the license from People's Bank of China to provide credit rating for inter-bank notes
2006
Sold 49% shares of China Chengxin International Credit Rating Company Limited to Moody's Investors Service, Inc., forming a new joint venture to provide credit rating services in the domestic market of China
2007
Authorized by China Securities Regulatory Commission to provide credit rating services for debt issues listed on the Chinese stock exchanges
2012
Formed China Chengxin (Asia Pacific) Credit Ratings Company Limited, the first Chinese credit rating agency received the Type 10 License (Providing Credit Rating Services) from the Hong Kong Securities and Futures Commission.
2015
Rated the first Panda Bond (the HSBC Panda Bond) issued by non- multilateral institutions.

 

Milestones of China Chengxin Credit Rating Group

 

1992

China Chengxin Credit Management Company Limited was founded on 8 October, 1992, formerly known as China Chengxin Securities Appraisal Co., Ltd., it was approved by People's Bank of China and was China's first joint-stock non-bank financial institution offering credit rating services, finance and securities consulting and information services. In September 2002, after receiving the approval of the State Administration for Industry and Commerce, China Chengxin Securities Appraisal Co., Ltd. was renamed China Chengxin Credit Management Co., Ltd.

1997

Established China Chengxin Securities Rating Company Limited

Accredited by People's Bank of China to provide credit rating services for debt securities

1999

Joint ventured with Fitch and International Finance Corporation to form China Chengxin International Credit Rating Company Limited until 2004

2003

First batch of credit rating companies recognized by China Insurance Regulatory Commission

Accredited by State Economic and Trade Commission to participate in small and medium enterprises credit rating pilot project

2005
Received the license from People's Bank of China to provide credit rating for inter-bank notes
2006
Sold 49% shares of China Chengxin International Credit Rating Company Limited to Moody's Investors Service, Inc., forming a new joint venture to provide credit rating services in the domestic market of China
2007
Authorized by China Securities Regulatory Commission to provide credit rating services for debt issues listed on the Chinese stock exchanges
2012
Formed China Chengxin (Asia Pacific) Credit Ratings Company Limited, the first Chinese credit rating agency received the Type 10 License (Providing Credit Rating Services) from the Hong Kong Securities and Futures Commission.
2015
Rated the first Panda Bond (the HSBC Panda Bond) issued by non- multilateral institutions.

 

Milestones of China Chengxin Credit Rating Group

 

1992

China Chengxin Credit Management Company Limited was founded on 8 October, 1992, formerly known as China Chengxin Securities Appraisal Co., Ltd., it was approved by People's Bank of China and was China's first joint-stock non-bank financial institution offering credit rating services, finance and securities consulting and information services. In September 2002, after receiving the approval of the State Administration for Industry and Commerce, China Chengxin Securities Appraisal Co., Ltd. was renamed China Chengxin Credit Management Co., Ltd.

1997

Established China Chengxin Securities Rating Company Limited

Accredited by People's Bank of China to provide credit rating services for debt securities

1999

Joint ventured with Fitch and International Finance Corporation to form China Chengxin International Credit Rating Company Limited until 2004

2003

First batch of credit rating companies recognized by China Insurance Regulatory Commission

Accredited by State Economic and Trade Commission to participate in small and medium enterprises credit rating pilot project

2005
Received the license from People's Bank of China to provide credit rating for inter-bank notes
2006
Sold 49% shares of China Chengxin International Credit Rating Company Limited to Moody's Investors Service, Inc., forming a new joint venture to provide credit rating services in the domestic market of China
2007
Authorized by China Securities Regulatory Commission to provide credit rating services for debt issues listed on the Chinese stock exchanges
2012
Formed China Chengxin (Asia Pacific) Credit Ratings Company Limited, the first Chinese credit rating agency received the Type 10 License (Providing Credit Rating Services) from the Hong Kong Securities and Futures Commission.
2015
Rated the first Panda Bond (the HSBC Panda Bond) issued by non- multilateral institutions.