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China central bank chief: cut reliance on rating agencies (Reuters)
Written by Dailynews.vn Sunday, 25 December 2011 22:16
BEIJING (Reuters) – China's Central Bank Governor Zhou Xiaochuan said financial companies must cut their reliance on ratings agencies, and that China is considering setting up a system where investors pay for ratings, rather than bond issuers.
Zhou was speaking at a forum in Beijing.
(Reporting by Aileen Wang and Koh Gui Qing)
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