Published On: Thu, Jul 15th, 2010

CSRC Unveils Classification of Securities Firms

The China Securities Regulatory Commission (CSRC) recently unveiled for the first time classification and evaluation results of securities firms to promote transparency in supervising the sector, the China Securities Journal reported Wednesday.

According to regulations, the CSRC classified securities firms into five categories including 11 levels (AAA, AA, A, BBB, BB, B, CCC, CC, C, D and E). Securities firms put into categories A to C are normally operating companies that can manage their risks, while those categorized into D and E might not be able to handle potential risks independently, the report said.

Of all the securities firms that participated in the classification this year, 35 were labeled A, accounting for 35.7 percent of the total, 49 were put into category B, accounting for 50 percent of the total and 14 fell into category C. No companies were evaluated as D or E.

The classification work has been underway for four years and has become more accepted by the industry, according to the report.

Source: China Daily

About the Author

-

Displaying 1 Comments
Have Your Say
  1. Steve says:

    “No companies were evaluated as D or E.”

    I guess they forced them to close down or didn’t get to them yet.

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

IRP Journal

IRP Journal

Sponsor

OPINION POLL

Poll results are published in our Weekly Newsletter -->
subscribe
All Rights Reserved WIld Wild Web Limited