Standard & Poor's started its business in China as early as 1993, and has always kept its promise to help China's economic growth.
Standard has passed the cross-border credit rating, helping China enterprises, banks and insurance companies to issue bonds in the international capital market. One way for S&P to participate in China's domestic rating market is to sign a technical service agreement with Shanghai New Century (24.65, -0.48,-1.9 1%), a leading local credit rating agency in China, so as to enjoy professional knowledge and experience.
Standard & Poor's Index Service entered the China market in 2004, and signed a historic agreement with Bosera Fund Management Co., Ltd., authorizing the latter to develop a transactional open index fund based on the Standard & Poor's 500 Index in China, so that China investors can directly track the performance of the US stock market.
As one of the valuation and risk strategy departments, Standard & Poor's risk management consulting services provide research, data and analysis solutions to help financial institutions in China improve their credit management. Through close cooperation with leading state-owned banks and regional city commercial banks in China, Standard & Poor's Risk Management Consulting Service Company provides credit risk tools including internal rating system, templates and models.
Standard & Poor's data, information and risk management tools not only support the growth and development of China's domestic financial market, but also help China investors to participate in overseas markets through qualified domestic institutional investor.