Fitch Solutions receives China financial information services licence
02 January 2013
By Asia Asset Management
Fitch Solutions has received approval from China's State Council Information Office (SCIO) to distribute the agency's credit ratings, data and research services on the Mainland.
"We are excited to be certified as one of 80 official foreign institutions providing financial information services in China," said Oliver Putz, head of Fitch Solutions Asia Pacific. "China is a leader in the US$25 billion a year market for financial information services, and we look forward to serving the needs of asset managers, banks, insurers, government and other financial institutions in the country."
Fitch Solutions aims to double its business in China in the next few years as China's financial market rapidly expands in size and sophistication.
"China-based investors and market participants are increasingly hungry for real-time financial information, offering a ready market for Fitch Solutions' products such as credit research and ratings, quantitative risk and performance tools, pricing data and feeds, as well as structured finance solutions including surveillance models and portfolio management systems," added Mr. Putz.
More News >
Discuss: Fitch Solutions receives China financial information services licence