Anrong Rating Invited to Attend the Interim Review Meeting of "Bond Market Risk Case Study" by China Central Depository & Clearing Co., Ltd.

On October 16, 2025, Mr. Zhou Yuanfan, Chief Economist of Anrong Credit Rating Co., Ltd. and Chairman of the Board of Anrong (Hong Kong) Credit Rating Co., Ltd., was invited as a project review expert to participate in the interim review meeting of the "Bond Market Risk Case Study" hosted by China Central Depository & Clearing Co., Ltd. (hereinafter referred to as "CCDC"). Anrong Rating was the only rating agency invited to attend the meeting.

The research report under review mainly covers the following topics: the current development of the bond market, an overview of bond market risks (including the current risk landscape and types of risks), analysis of typical risk cases in the primary bond market, analysis of typical risk cases in the secondary bond market, analysis of typical risk cases in post-trading areas, and recommendations for risk prevention and control in the bond market.

Other project review experts were from the Ministry of Finance, the People’s Bank of China, Renmin University of China, Shanghai Jiao Tong University, China Construction Bank, China Galaxy Securities, and Postal Savings Bank of China.

Relevant leaders and experts from CCDC’s R&D Center, Statistical Monitoring Department, Collateral Center, Valuation Company, and Operations Center also attended the meeting.