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Regulating the Chinese credit rating agencies: progress and challenges

Regulating the Chinese credit rating agencies: progress and challenges

Bian, Jing ORCID logoORCID: https://orcid.org/0000-0002-2846-6529 (2015) Regulating the Chinese credit rating agencies: progress and challenges. Journal of Money Laundering Control, 18 (1). pp. 66-80. ISSN 1368-5201 (doi:10.1108/JMLC-07-2014-0022)

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Abstract

The purpose of this paper is to examine the emerging Chinese credit rating agencies (CRAs), and their development, regulatory regime and challenges. The Chinese financial system has made many improvements; in particular, the regulatory regime has reached a more effective level. However, it should be admitted that some aspects still require further development. Compared with other developed markets, the Chinese credit rating industry is still young. Under these circumstances, questions are raised about the performance of the CRAs in China. Whether the legal framework is effective enough? A further point, in terms of the development, is what are the major obstacles lying ahead for the Chinese CRAs?

Item Type: Article
Uncontrolled Keywords: Credit rating, bank rating, Chinese financial system, insurance rating, securities rating
Subjects: H Social Sciences > HG Finance
K Law > K Law (General)
Faculty / School / Research Centre / Research Group: Faculty of Liberal Arts & Sciences
Faculty of Liberal Arts & Sciences > Business, Human Rights and the Environment Research Group (BHRE)
Faculty of Liberal Arts & Sciences > School of Law & Criminology (LAC)
Last Modified: 19 Jun 2020 21:58
URI: http://gala.gre.ac.uk/id/eprint/22725

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