China's securities industry is facing a “wave of revaluation” of international credit. Since this year, the three major international rating agencies, Moody's, S&P, and Fitch, have intensively raised the credit ratings or industry rating standards of Chinese brokerage firms at a simultaneous pace rarely seen in recent years. Leading brokerage firms such as CITIC Securities, Cathay Pacific Haitong, and CICC entered the “Class A” rating range, sending a positive signal that China's securities industry is developing steadily and the overall competitiveness of leading institutions continues to improve.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.