Ratings pioneer deserves credit

When Mao Zhenhua founded China's first credit ratings agency 20 years ago his dream was to build it into a mainland Moody's. Now, the chairman of China Chengxin Credit Management, which has thrived in the past few years thanks to China's booming bond market, is taking a step toward going global. The agency just became the first mainland credit ratings business to open an office in Hong Kong, and Singapore is likely to be next.



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