Moody's China by Moody's Corporation

Moody's established a representative office in Beijing in July 2001 to develop business in China. Moody's established a wholly-owned subsidiary, Beijing Moody's Investors Service Co., Ltd., in February 2003, headed by Ye Min, Moody's managing director in charge of China's financial markets.

Moody's has recruited a large number of local personnel and is now applying for a domestic rating license in China. Moody's has developed national ratings for China to provide China's domestic debt capital market investors with opinions on the credit quality of Chinese issuers and debt instruments.

Moody's also provides credit risk information and management services. Other non-rating business activities in China include credit training and credit risk management consulting, software tools and system development and services.

Moody's has always had a strong interest in developing its business in China based on the market's appreciation of Moody's unique ratings, the value of Moody's proprietary analytical technology, and Moody's ability to build deeper relationships with customers and anticipate market developments. .