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CIRC Classified Supervision Rating

1. Oriental Jincheng International Credit Rating Co., Ltd.: Oriental Jincheng International Credit Rating Co., Ltd. is a national, professional credit rating agency approved by the Ministry of Finance and invested and controlled by China Orient Asset Management Company with capital funds.

The company has been approved by the China Securities Regulatory Commission, the People's Bank of China and the National Development and Reform Commission for all domestic credit rating qualifications for debt instruments in the two major bond markets of the securities market and the inter-bank bond market, as well as credit market ratings approved by the People's Bank of China.

Qualifications.

The company has a registered capital of 125 million yuan, has established 26 branches across the country, and wholly owns a professional data company, Beijing Oriental Jincheng Data Consulting Co., Ltd., which is one of the credit rating agencies with the strongest operating capital in China.

, is the only state-owned rating company among the five institutions, and its actual controller is the Ministry of Finance.

2. China Chengxin: It is divided into China Chengxin International Credit Rating Co., Ltd. and China Chengxin Securities Rating Co., Ltd., both of which have the qualifications of the National Development and Reform Commission, the China Securities Regulatory Commission and the People's Bank of China.

As a pioneer in China's local rating industry, China Chengxin (the predecessor of China Chengxin International) has been leading the development of my country's credit rating industry since its establishment in 1992, and has innovatively developed dozens of credit rating businesses, including corporate bond ratings and short-term financing. Bond ratings, medium-term note ratings, convertible bond ratings, credit enterprise ratings, insurance company ratings, trust product ratings, money market fund ratings, asset securitization ratings, corporate governance ratings, etc.

In recent years, CCXI has completed several pioneering rating businesses and technologies in the credit rating business. The new rating businesses and technological innovations have greatly promoted the development of China's rating market and improved the technical level of China's credit rating industry. CCXI

International is a corporate bond rating agency recognized by the National Development and Reform Commission; it is also a credit rating agency recognized by the People's Bank of China in the inter-bank bond market.

3. United: It is divided into United Credit Rating Co., Ltd. and United Credit Rating Co., Ltd., both of which have the qualifications of the National Development and Reform Commission, the China Securities Regulatory Commission and the People's Bank of China.

Lianhe Credit Information is headquartered in Beijing with a registered capital of 30 million yuan.

The shareholders are United Credit Management Co., Ltd. and Fitch Credit Ratings Co., Ltd., the former is a state-controlled national professional credit information service organization, and the latter is a world-renowned international credit rating agency.

4. Dagong International Credit Rating Co., Ltd.: Dagong International Credit Rating Co., Ltd. (referred to as "Dagong") is a professional institution for China's credit rating and risk analysis research, and is a major service provider of China's credit information and decision-making solutions to the world.

Established in 1994 with the approval of the People's Bank of China and the State Economic and Trade Commission.

As the most influential founder of China's credit rating industry and market, Dagong has all the qualifications for Chinese government franchising and is an authoritative institution recognized by China to conduct credit rating assessments for all companies that issue bonds.

5. Shanghai New Century Credit Rating and Investment Services Co., Ltd.: Shanghai New Century Credit Rating and Investment Services Co., Ltd. [1] specializes in credit services such as bond rating, corporate credit rating, corporate credit reporting, property credit reporting, and corporate credit management consulting.

Agency.

The company was established in July 1992. Its main shareholders include China Financial Education Development Foundation, Shanghai University of Finance and Economics, Shenergy (Group) Company, etc.