Introduction and Suggestions on the Chinese Securities Credit Rating System from a Comparative Perspective
نویسندگان
چکیده
Credit rating is a burgeoning industry in China. However, ever since it was established by State Council in 1993, the development of the industry in China has faced various impediments. There are currently three major problems hindering its further development, as result of a lack of systematic statutory and judicial guidelines. These problems are: limited competition in the industry, rampant rating shopping and conflicts of interest, and limited remedy at law in a suit against a credit rating agency for issuing false ratings.
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