Ratings Firms Face Challenges in China

The transcript discusses the entry of foreign credit rating firms into China, highlighting the opportunities and challenges in one of the world's largest bond markets. It examines the potential impact on Chinese companies, particularly regarding borrowing costs and investment mandates. The discussion also touches on the regulatory implications and the Chinese regulators' efforts to liberalize the market, aiming for better risk pricing and increased competition in the rating industry.

What impact could tougher ratings from foreign companies have on Chinese fund managers?

In what ways are Chinese regulators involved in the changes to the bond rating system?