The governor of the People's Bank of China, Zhou Xiaochuan, said on Wednesday that major financial institutions should be less dependent on rating agencies, but rely more on their own rating judgments.

This would help the world economy achieve counter-cycle growth, the governor of the China's central bank said.

Zhou also said that rating agencies should enhance transparency, especially in terms of modeling and information collection, to enable the public and experts to oversee their rating results.

As the European Union is mulling a rating agency of its own, the central bank chief said he hopes both China's own rating agency, the Dagong Global Credit Rating Co Ltd, and the EU embryonic one would enjoy a healthy growth in the medium- and long-term.

Zhou made the remarks at a forum in Beijing Wednesday, ahead of the opening ceremony of the Euro Exhibition held in the University of International Business and Economics.