S&P Global Plans to ‘Participate in All Markets’ in China
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S&P Global Ratings, which recently obtained approval to rate bonds traded in China’s interbank market, is in talks with regulators to participate in other parts of the nation’s note market.
S&P Global (China) Ratings, the credit assessor’s Chinese local unit, has already hired 30 analysts at its Beijing office and will open for business soon after "some preparation,” Simon Jin, the chief executive officer of the unit, said in an interview. China’s interbank bond market represents over 95 percent of the market size and trading volume, according to Pacific Investment Management Co. in August. The nation also has a relatively small exchange-traded note market.