Caixin
Jan 08, 2019 05:14 AM
FINANCE

Credit Rating Firms May Be Suspended Over Conflicts of Interest

China regulators consider tough new rules for credit rating firms. Photo: VCG
China regulators consider tough new rules for credit rating firms. Photo: VCG

A Chinese bond market regulator is considering rules to curb conflicts of interest in the securities-rating industry. The worst violators could be banned from doing business, as one rating company was last year.

The National Association of Financial Market Institutional Investors (NAFMII), a central-bank-backed body that oversees the interbank market, will soon introduce rules for regulating conflicts of interest and disclosure in the rating industry, aiming to promote independence, objectivity and impartiality, Caixin has learned.

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