Announcement: CSCI Pengyuan, the group company of Pengyuan International’s Completed CRA Registration with the PBoC

25 Aug 2020

The Central Sub-branch of the People’s Bank of China in Shenzhen announced on August 25 2020 that, it has completed the CRA Registration of CSCI Pengyuan Credit Rating Limited (Unified Social Credit Code: 914403001922170270, Legal Entity Identifier: 300300E4000144000026). The registration is conducted in accordance with “Interim Measures for the Administration of the Credit Rating Industry”, which is jointly released by the People's Bank of China (PBoC), the National Development and Reform Commission (NDRC), the Ministry of Finance (MoF) and the China Securities Regulatory Commission (CSRC) on November 26 2019.

The "Interim Measures for the Administration of the Credit Rating Industry" specified that the PBoC is the regulator of the credit rating industry in China; where a credit rating agency is formed, forms a branch office, or carries out modifications, the credit rating agency shall undergo CRA registration at the provincial local office of the local department of PBoC.

Under the Measures, CSCI Pengyuan has been actively carrying out the works relating to CRA registration, e.g. document submission, regulatory interviews. The successful completion of registration represents the recognition of the quality of work and compliance at CSCI Pengyuan. In order to better serving China’s financial market and the real economy, CSCI Pengyuan is dedicated to promoting rating practices with high degree compliance to applicable regulatory measures, and enhancing and improving credit rating techniques continuously.

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