According to Baidu Encyclopedia, China Chengxin International Credit Rating Co., Ltd. (hereinafter referred to as "China Chengxin International" or "CCXI" in English) is a Sino-foreign joint venture credit rating agency registered with the State Administration for Industry and Commerce of China with the approval of the head office of the People's Bank of China, the Ministry of Commerce of People's Republic of China (PRC) and China. On April 13, 2006, China Chengxin Credit Management Co., Ltd. (abbreviated as "China Chengxin" or "CCX") signed an agreement with Moody's Investors Service Company (abbreviated as Moody's), a world-renowned rating agency, to transfer 49% equity of Sino-Singapore International Credit Rating Co., Ltd.; On August 15, 2006, the Ministry of Commerce of China officially approved the equity purchase agreement, and China Chengxin International officially became a member of Moody's Investors Service Company. To sum up, China Chengxin International Credit Rating Co., Ltd., as a pioneer in China's local rating industry, is very reliable and formal, and can rest assured of cooperation.
At present, China Chengxin International is the only rating agency in the domestic rating industry that fully draws lessons from the rating method system and experience of Fitch and Moody's, and combines the domestic rating practice of 16 to complete the localization of the international advanced rating method system. In April 2007, China announced the first batch of rating methods for four industries, and the rating methods for 20 industries have been completed. It is the only rating company in the industry that officially discloses the rating method and sets different rating standards according to the industry.