China's Central Bank Engages with Credit Rating Agencies to Assess Industry Landscape

The People's Bank of China (PBOC) is taking proactive steps to address the current dynamics within the credit rating industry. On October 18, 2024, the PBOC announced plans to convene meetings with leading credit rating agencies to discuss the state of the industry, unveiling a strategic approach aimed at fostering better communication and understanding between financial regulators and credit assessors.

Continue reading