CCXI, established in 1992, was the first nationwide domestic credit rating agency created with the approval of the People's Bank of China. Headquartered in Beijing, with a staff of over 40 professionals, the agency specializes in providing rating opinions on corporate bonds, convertible bonds, financial institutions, structured finance and short term financing paper.

Moody's will provide management expertise, technical support on rating methodologies, and analyst training based on its globally recognized fundamental and structured finance credit rating experience. As a licensed domestic credit rating agency, CCXI will continue to provide domestic ratings reflecting relative credit risk within China, while Moody's will continue to provide globally comparable ratings for cross-border financings. Moody's and CCXI also plan to market joint ratings to global issuers in the local Chinese markets.