On July 23rd, Tongkun Group Co., Ltd. issued its first batch of short-term bond in 2014. The bond was rated by Golden Credit Rating and supervised by National Association of Financial Market Institutional Investors. It was the first time that a non-financial institutional financing instrument rated by Golden Credit was issued in the inter-bank market.
Since July 11th, 2011, PBoC announced on its website that Golden Credit’s rating results could be used in the inter-bank market. After 2 years of hard work, National Association of Financial Market Institutional Investors (NAFMII) sent a notice on July 8th, 2013, saying that it had accepted the documents related to Golden Credit Rating’s business. On July 23rd, 2014, approved by NAFMII, the first bond rated by Golden Credit was issued in the inter-bank market. Golden Credit thus stepped into the inter-bank bond market, which offered more business opportunities, to provide products and services to investors.
