Lianhe Ratings: setting new standards for Chinese | Asian Markets

Lianhe Ratings continues to drive skilled and high-quality standards in credit ranking companies to issuers and buyers throughout China and abroad.

The company has a strong monitor file, being one of the primary credit ranking businesses recognised by the People’s Bank of China (PBC) and China Securities Regulatory Commission (CSRC), and authorised to conduct credit ranking business within the interbank and exchange markets. Lianhe Ratings additionally holds memberships in a number of home and worldwide associations, together with the National Association of Financial Market Institutional Investors (NAFMII), the Insurance Asset Management Association of China (IAMAC), the Securities Association of China (SAC), and the Association of Credit Rating Agencies in Asia (ACRAA).

The company’s roots run deep within the Chinese ranking market. To date, Lianhe Ratings has served over 3,000 issuers throughout almost each key sector of the national financial system. And abroad, its base of purchasers is step by step increasing.

Its market positioning is powerful. Overall, Lianhe Ratings has held the second largest market share in China for a number of years, and has been the main participant within the financial bonds sector for 5 consecutive years. Its market share for native authorities bonds has remained above 50% through the years.

By the tip of 2024, Lianhe Ratings had disclosed sovereign ranking outcomes for 77 international locations and areas, and had supplied credit ranking companies for 103 Panda bonds, with a complete offering dimension of almost Rmb150 billion (US$21 billion). Last 12 months, Lianhe Ratings held a 45.1% market share within the Panda bond market, rating first amongst all Chinese ranking businesses.

Further, highlighting its pioneering position within the home fixed income market, the company was mandated with ranking many national and regional inaugural bond classes, such because the ‘Sci-Tech Innovation Bonds’, ‘Rural Revitalization Green Bonds’, ‘Carbon Neutrality Bonds’, and ‘Intellectual Property Bonds’.

Ultimately, in delivering on the coverage of “Promoting the Work in Five Major Financial Fields”, Lianhe Ratings has assisted within the progress of building a financial powerhouse with its ranking experience – in flip safeguarding innovation within the bond market.

Meanwhile, Lianhe Global, the subsidiary of Lianhe Ratings, additionally ranks high amongst Chinese ranking businesses in phrases of the quantity of worldwide rated bond issuances and complete rated bond issuance quantity. Lianhe Global has revealed solicited worldwide scores for over 250 entities and for over 150 offshore bond issuances, recording an mixture rated issuance quantity of over US$35 billion equal as of the tip of May 2025.

Leveraging analysis experience and developing new initiatives

Equipped with sturdy technical understanding and expertise, Lianhe Ratings attaches great significance to the analysis and development of ranking methodologies and applied sciences.

Many of its analysis outcomes have been revealed and awarded in industrial {and professional} journals. For instance, the company usually publishes “Credit Research” journals and has authored a number of books, together with “Credit Rating Theory and Practice”, “Mine Sweeping of the Bond Market”, “A Comparative Study of Best Practices in Domestic and International Rating Industries”, and “Reconstructing the Credit Anchor of RMB Bonds”. It has revealed almost 350 experiences and articles yearly, and repeatedly expands its investor companies sector, specializing in coordinating with all market members and conveying bond market data promptly and precisely to supply important references for buyers’ choice making.

At the identical time, Lianhe Ratings performed over 300 investor-oriented occasions and more than 30 large-scale boards and conferences in 2024. It additionally shared bond market insights by means of short videos and different new media platforms, attracting widespread consideration from all market members.

In addition to refining credit ranking applied sciences and methodologies for numerous merchandise, Lianhe Ratings has independently designed the “Lianhe Global RMB Bond Rating System” (aka, the “3C” ranking system) and continues to improve it. In 2024, the “3C” ranking system lined 21 sub-industries, with its latest ranking outcomes and experiences overlaying over 5,000 enterprises.

When it involves ESG scores, Lianhe Ratings has assisted more than 50 home enterprises in getting ready inaugural ESG experiences, and continues to hunt collaboration within the worldwide market.

Also, in step with China’s “Belt and Road Initiative”, Lianhe Ratings signed a memorandum with the OTP Bank of Hungary, which states the intention between each events to strengthen collaboration within the fields of ESG, credit companies and credit scores. The company additionally performed an lively position in selling sustainable development amongst home and worldwide enterprises by becoming a member of the “ESG Initiative in Credit Risk and Ratings” of the UN Principles for Responsible Investment (PRI).

Taking credit scores to the subsequent degree

Lianhe Ratings locations high worth on model credibility and company social accountability. It has labored intently with FinanceAsia previously and has been recognised because the “Best Domestic Rating Agency” a number of instances. It additionally acquired more than 10 acknowledgement letters from numerous market members in 2024.

Lianhe Ratings will proceed to pursue its imaginative and prescient to “become a highly credible company” whereas adhering to its business rules of “independence, objectivity and fairness”. The company will proceed to thrive as half of its dedication to contributing to the high-quality development of China’s financial system and bond market.

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