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CX Daily: Newly Formed Agriculture Giant Syngenta Group Posts Modest Annual Gains

CX Daily: Newly Formed Agriculture Giant Syngenta Group Posts Modest Annual Gains
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China Regulator Shakes Up Credit Ratings Rules in Wake of Confidence Blows to Investors

China Regulator Shakes Up Credit Ratings Rules in Wake of Confidence Blows to Investors Chinese companies will no longer be asked by the regulator to attest to how risky the companies and some of their interbank bonds are when registering the bonds with the regulator. China’s interbank bond market regulator is pushing for a more market-oriented approach to debt ratings following a series of high-profile defaults by highly rated state-owned companies (SOEs) that exposed how domestic credits ratings agencies soft-peddled the potential risks to investors. Under the changes, Chinese companies will no longer be asked by the regulator to attest to how risky the companies and some of their interbank bonds are when registering the bonds with the regulator.

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