China central bank chief: cut reliance on rating agencies (Daily News)

China central bank chief: cut reliance on rating agencies (Daily News) Daily Business News

BEIJING (Reuters) – China's Central Bank Governor Zhou Xiaochuan said financial companies must cut their reliance on ratings agencies, and that China is considering setting up a system where investors pay for ratings, rather than bond issuers.

Zhou was speaking at a forum in Beijing.

(Reporting by Aileen Wang and Koh Gui Qing)

What's on Your Mind...

Powered by Blogger.