Vice Premier Huang Ju said in Beijing on Tuesday that China
welcomes Moody’s Corporation and other famous international credit
agencies to enter the Chinese market.
In a meeting with John Rutherfurd, Jr., chairman of the board
and chief executive officer of Moody’s, Huang said that China hopes
that agencies such as Moody’s will bring in their experience and
advanced skills to help the reform and development of China’s
financial sector.
Moody’s has given a positive assessment to China’s economic
reform over the years, Huang noted.
The company has provided credit ratings for China and the
country’s companies and financial institutions through Moody’s
Investors Service (Beijing) Ltd., established in 2003.
“The Chinese government, financial institutions and companies
have paid increasing attention to the role of the international
credit rating agencies,” Huang said. He pointed out that many
Chinese enterprises and institutions are working to improve their
creditworthiness and build their global images, providing ample
opportunities for companies such as Moody’s to grow in the China
market.
(Xinhua News Agency August 24, 2004)