Far East Credit Rating Co., Ltd. (Far East Credit) is China's first specialized social credit rating agency, established on February 15, 1988, and headquartered in Shanghai.
Far East Credit's business scope includes five major sectors: rating services, corporate credit reporting, post-loan/post-investment supervision, customized services, and investor services.
In terms of the rating business, Far East Credit provides a wide range of services including ratings for non-financial corporate debt financing instruments, corporate bonds, asset securitization products, financial institution bonds, corporate bonds, corporate entity ratings, non-standard credit asset ratings, green bond ratings, local government bond ratings, Panda bond ratings, overseas institution entity ratings, and borrower corporate ratings.
In the corporate credit reporting business, Far East Credit's subsidiary, Far East Credit Reporting Co., Ltd., established in 2006, is among the second batch of credit reporting agencies to complete registration in Shanghai. The subsidiary utilizes big data and blockchain technologies, based on core credit technology and intelligent systems, to provide corporate credit reporting services to clients.
In terms of post-loan/post-investment supervision, Far East Credit has implemented over 200 supervisory projects across various fields, including real estate development, large land reserves, large commercial office facilities, major infrastructure construction, and revolving loan projects. The loan amount for these supervisory projects exceeds 100 billion yuan, with a total investment of nearly 200 billion yuan.
Far East Credit has a complete set of qualifications. In June 2005, it became one of the first credit rating agencies in the interbank bond market; in August 2015, it was approved as a member of the China Insurance Asset Management Association. In 2020, Far East Credit completed its initial registration with the People's Bank of China and the China Securities Regulatory Commission. In August 2021, it was approved for Class A rating business qualifications in the interbank bond market, covering all categories of credit rating business for financial institution bonds, non-financial corporate debt financing instruments, structured products, and overseas entity bonds. In September 2022, Far East Credit was certified by the Green Bond Standard Committee for green bond evaluation and certification qualifications.
Far East Credit holds all the rating qualifications recognized by regulatory authorities and self-disciplinary organizations such as the People's Bank of China, the National Development and Reform Commission, the China Securities Regulatory Commission, the National Association of Financial Market Institutional Investors, and the China Insurance Asset Management Association, achieving full-license operations in the domestic market.
Far East Credit's business coverage spans nationwide, centered in Beijing and Shanghai, with branches established in Zhejiang, Guizhou, Sichuan, Hunan, and Guangdong.
Far East Credit has repeatedly received industry recognition and honors, including the honor as the Fifth President Unit of the Shanghai Credit Service Industry Association and the Annual Outstanding Transaction Award for Enterprise Asset Securitization, which testify to Far East Credit's outstanding position and performance in the industry.
