Issued: January 26 2011
Applicability: The use of external credit rating by the branches of foreign banks and other banking financial institutions shall be handled with reference to the requirements of this Circular (Article 8).
China Banking Regulatory Commission, Circular on Regulating the Use of External Credit Rating by Commercial Banks
中国银行业监督管理委员会关于规范商业银行使用外部信用评级的通知
Banks may not rely solely on external credit rating for granting credit.
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