Regulation and China's Credit Rating Industry
China has stepped up its efforts to open up its credit rating market. But as the market opens up, China must be more aware of the measures needed if its own credit rating agencies wish to establish an image of being more professional, independent and objective. The domestic industry needs to be able to face competition from international rating agencies, keep its existing market share and achieve sustained growth. This paper provides recommendations on needed changes to the legal system as well as the necessary market exit mechanism for failing companies if this goal is to be achieved.
【CateGory Index】： F275;F832.4