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.
Markets
China picks S&P Global as first foreign bond rating agency
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
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