China ChengXin Credit

China ChengXin Credit (CCX) is a prominent credit rating and risk management service provider in China. The entity specifically known as China ChengXin Credit Information Co., Ltd. (or 中诚信征信有限公司), was established in 2005, evolving from the credit reporting and business account management division of the China ChengXin Group. The broader China Chengxin Credit Rating Group was founded much earlier, on October 8, 1992, by Mao Zhenhua, marking it as China's first nationwide credit rating company. Mao, who holds a Ph.D. in economics from Wuhan University, founded the company inspired by Deng Xiaoping's 1992 Southern Tour, aiming to establish a market-based credit rating system in the country.

The company provides a comprehensive suite of services including credit ratings, credit risk research, and customized risk solutions for a diverse client base. Its customers include financial institutions like banks, as well as government agencies and corporations. The business model is centered on delivering credit information and risk assessment products. This includes credit reports, scoring models (for applications, behavior, and collections), and credit risk solutions that integrate big data, artificial intelligence, and blockchain technologies. The company has played a pioneering role in the Chinese capital markets, having executed the first ratings for a wide variety of bond types and financing instruments.

Significant milestones include becoming one of the first eight institutions approved to prepare for personal credit information services in China in 2015. The group has expanded its operations internationally, with its subsidiary, China Chengxin (Asia Pacific) Credit Ratings Company Limited (CCXAP), receiving a license from the Hong Kong Securities and Futures Commission in June 2012. This made it the first Chinese credit rating agency to operate in the international market. The group has also entered into strategic joint ventures, notably with Fitch Ratings and later with Moody's, which acquired a 49% stake in its main subsidiary, China Chengxin International Credit Rating Company Limited (CCXI), in 2006.

Keywords: credit rating, risk management, financial services, credit reporting, China, bond rating, corporate credit, personal credit, data analytics, risk solutions, capital markets, financial technology, ESG assessment, sustainable finance, due diligence, Mao Zhenhua, CCXI, CCXAP, debt financing, asset securitization