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China Daily | Updated: 2018-09-12 07:27

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PBOC to streamline ratings procedures

The central bank announced on Tuesday moves to streamline management of the credit rating process for the country's bond market. The People's Bank of China said the China Securities Regulatory Commission and the National Association of Financial Market Institutional Investors would collaborate on the review and registration processes for bond rating agencies. It also said regulators can conduct supervision and inspection into credit rating agencies when necessary.

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Yuan weakens against greenback

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