Key facts
- China Chengxin International Credit Rating Co. Ltd. (CCXI) has withdrawn a new policy on credit rating suspensions.
- The policy was withdrawn just days after its release.
- Market speculation suggested the policy was intended to circumvent regulatory scrutiny.
- The withdrawal followed market scrutiny of the new rules.
China Chengxin International Credit Rating Co. Ltd. (CCXI) has withdrawn a new policy concerning credit rating suspensions, just days after its initial release. The policy had generated considerable market speculation, with many believing it was intended to circumvent regulatory scrutiny. The withdrawal follows intense market scrutiny of the new rules. The specifics of the policy and the exact reasons for its withdrawal beyond market speculation were not detailed in the provided information.