The credit rating industry in China has a history of more than 30 years. According to the “Interim Measures for the Administration of the Credit Rating Industry”, which came came into force on December 26, 2019, the People’s Bank of China is the department in charge of the credit rating industry and takes charge of the supervision and administration of credit rating nationwide. The National Development and Reform Commission, the Ministry of Finance and the China Securities Regulatory Commission are the entities in charge of the administration of the credit rating business, which legally supervise and administer the credit rating business within the scope of their duties.

The People’s Bank of China (http://www.pbc.gov.cn/)

The National Development and Reform Commission（https://www.ndrc.gov.cn/）

the Ministry of Finance（http://www.mof.gov.cn/）

the China Securities Regulatory Commission（http://www.csrc.gov.cn/）

Until end of July 2020 there are 30 rating agencies and 133 credit reporting agencies registered by the People’s Bank of China.

List of registered rating agencies in China: