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CHINA CHENGXIN CREDIT RATING GROUP &
CHINA CHENGXIN (ASIA PACIFIC)
CREDIT RATINGS COMPANY LIMITED
23TH MAY 2013
1
China Chengxin Credit Rating Group
May 2013
2
Table of Content
Founding and Development
Our Reach
The Top Player in the Chinese Credit Rating Market
Hong Kong Operation
We Are The Credit Rating Professionals
Conclusion
Annexes
3
Founding and Development
China Chengxin Credit Rating Group: Founder of Credit Rating Industry of China
China Chengxin Credit Rating Group was the first
Chinese nation-wide credit rating agency founded
in 1992
The Group is the largest, most reliable and
prestigious nation-wide credit rating agency of
China
4
Founding and Development
The First Licensed Chinese Credit Rating
Agency Operating in Hong Kong
Established China Chengxin (Asia Pacific) Credit
Rating Company in Hong Kong, which received
the License of Providing Credit Rating Services
from Hong Kong Securities & Futures Commission
on 28 June 2012
The first licensed Chinese credit rating agency in
Hong Kong
5
Founding and Development
China Chengxin Credit Rating Group:The First
Chinese Credit Rating Agency Partnership
with International Credit Rating Agency
Joint-ventured with Fitch in 1999-2004
Joint-ventured with Moody’s since 2006
Providing fair, objective, reliable rating services to
the Chinese debt issuers in the Chinese domestic
debt market
6
Founding and Development
China Chengxin Credit Management Limited: China Chengxin International Credit Rating Company Limited
China Chengxin Security Rating Company Limited
China Chengxin (Asia Pacific) Credit Ratings Company Limited
7
China Chengxin Credit Rating Group Structure
Founding and Development
8
Our Reach
9
Reaching All Major Provinces and Cities
of China China Chengxin Group engaged
in credit rating, financial &
securities consulting, information
services, credit information and
market research.
Operating over 20 regional
branches covering Beijing,
Shanghai, Shenzhen, Fujian,
Wuhan, Shandong, Hebei,
Liaoning, Tianjin, Jiangsu,
Zhejiang, Hunan, Shanxi,
Shaanxi Province, Xiamen,
Qinghai, Hong Kong and other
areas. Employed over 900 staffs.
Our Reach
Covering All Kind of Debt Products
Short-term Commercial Paper
Medium-term Note
Enterprise Bond
Company Bond
Financial Bond
Convertible Bond
Subordinated Debenture
Structure Product
Dim Sum Bond
Hong Kong Dollar and Other Currency Debt
10
Our Reach
11
Rated over 9,000 corporations in China
Rated half of the Stated-owned Central Enterprises
Rating targets: corporations, banks, insurance
companies, securities companies, fund
management companies, unit-trust investment
companies, financial assets management
companies, guarantee companies, futures &
brokerage companies and financial leasing
companies
Leader in the Chinese Credit Rating
Market
Our Reach
12
Many more…
Rated Entities: SOEs
13
Rated Entities: Banks
Many more…
14
Rated Entities: Insurance Companies
Many more…
15
China Vanke
Poly Real Estate
Rated Entities: Corporations
Many more…
The Top Player in the
Chinese Credit Rating
Market
16
17
Booming Year 2012 for Chinese Bond
Market
1,033.1 1,029.8 457.1
2,615.5
2009 2010 2011 2012
Amount of Rated Issues in 2009-2012
(RMB Billion)
The Top Player in the Chinese Credit Rating Market
18
*Base on issued value included issued short-term notes (2012.1.1-2012.12.31), issued medium-term notes (2012.1.1-2012.12.31) and issued enterprise bonds
(2012.1.1-2012.12.31), issued corporate bonds (2012.1.1-2012.12.31)
來源: 中誠信內部研究
Sources: China Chengxin Internal Research
32.48%
23.85%
25.44%
9.11%
9.06%
0.06%
中誠信 China Chengxin
大公國際 Dagong Int'l
聯合信用管理 Lianhe Credit
上海新世紀 Shanghai Brilliance
鵬元資信 Pengyuan Credit
其他 Others
Capturing the Largest Market Share
The Top Player in the Chinese Credit Rating Market
19
Hong Kong Operation
20
Established in June 2012, responding to the
Chinese Central Government’s policy of
internationalization of RMB and making Hong
Kong the major offshore RMB center
Providing credit rating services to Chinese, Hong
Kong and foreign debt issuers in the international
market
China Chengxin (Asia Pacific) Credit
Ratings Company Limited
Hong Kong Operation
21
We Are The Credit Rating
Professionals
Dr. Mao is the pioneer of the Chinese credit
rating industry
Dr. Mao is the founder of China Chengxin
Group, current Co-Director of Institute of
Economic Research of Renmin University of
China, founder the Chinese CEO Forum and
Vice Chairman of China Private Sector Economic
Research Centre
22
Our Founder - Dr. Mao Zhenhua
We Are the Credit Rating Professionals
We have hundreds of well educated and experienced credit rating professionals
23
39%
33%
22%
4% 2%
Bachelor Degree
Master's Degree
Diploma
Others
Over 70% of credit analysts
holds Bachelor’s Degree,
Master’s Degree, Doctoral
Degree
We Are the Credit Rating Professionals
We are the Credit Rating Professionals
Philip LI - Managing Director
Former Senior Vice President (Finance) of Hong Kong Mortgage Corporation Limited,
Global debt capital markets head of IBJ Asia Limited and Chairman of the Hong Kong
Capital Markets Association. Holder of Bachelor’s Degree in Sociology (CUHK).
Han Sufei – Executive Director
Former deputy head of credit department of Ningbo Branch of China Development
Bank. Holder of Bachelor’s Degree in Finance (Nanjing Economic College) and
Master’s Degree in Finance (Xiamen University). Qualified accountant and economist.
Zhang Guo – Director of Credit Rating
Joined China Chengxin Credit Rating Group in 2002 after receiving her Bachelor’s
Degree in Finance and MBA degree from Zhongnan University of Economics and Law.
Since 2010, she has been Director of Credit Rating in China Chengxin, Shenzhen.
24
Credit Rating Professionals - Hong Kong
We Are the Credit Rating Professionals
Mike LAI - Director
Director of China Chengxin (Asia Pacific) Credit Ratings Limited and Independent Non-
Executive Director of Fintronics Holdings Co Ltd, former Managing Director of Calyon,
Executive Director of Manufacturers Hanover Asia and Head of Hong Kong Bond
Business of BNP Paribas. He is also the co-founder of Oakreed Financial Services
Limited. Holder of Master’s Degree in History (CUHK)
Carter LIU – Manager
Former Project Team Head with Dun & Bradstreet Hong Kong for seven years, in
charge of the customized project team. Holder of Bachelor’s Degree in Economics and
Master’s Degree in System Engineering & Engineering Management (CUHK)
25
Credit Rating Professionals - Hong Kong
We Are the Credit Rating Professionals
26
Conclusion
Getting a credit rating from China Chengxin will
likely enjoy:
A wider investor recognition particular from the
Chinese investing community
Saving in funding cost
Better publicity in Mainland China
Annexes
27
Major Clients and Partners
28
Annexes
29
China Chengxin (Asia Pacific) Credit Ratings Company Limited
中國誠信(亞太)信用評級有限公司 Address:12/F, 122 Queen’s Road C, Central, Hong Kong Tel :852 – 2868 0397 Fax :852 – 2868 0656 Website: http://www.ccxap.com 地址:香港中環皇后大道中122號12樓 電話:852 – 2868 0397 傳真:852 – 2868 0656 網頁:http://www.ccxap.com
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