Beijing's move seeks to open doors wider for global investors
A man walks in the Shanghai financial district of Lujiazui. China seeks to attract overseas capital to its debt market, but many asset managers invest only in bonds rated by international agencies such as S&P Global. © Reuters
HONG KONG -- U.S.-based S&P Global on Monday became the first foreign credit rating agency approved to rate China's domestic bonds as Beijing moves to attract more foreign investment.
CEO Douglas Peterson said in a statement S&P Global was "honored" to operate in Chinese bond markets.
.JPG?width=178&fit=cover&gravity=faces&dpr=2&quality=medium&source=nar-cms&format=auto&height=100)