Laws, Policies, & Guidelines

Administrative Measures for Enterprise Credit Rating Evaluation of the China International Contractors Association (CHINCA)

Scope of Application

Measures for contractors that are members of the China International Contractors Association (CHINCA), as well as the Chinese Government, financiers, credit rating agencies, and relevant academic institutions. Credit rating evaluation results are valid for three years.

Purpose

Offers measures to improve the management of credit ratings, promote the establishment of an industry credit system, and strengthen industry self-discipline.

General Key Points

Contractors should:

  • Establish credit rating evaluation and review committees, as well as rating evaluation working groups with staff from relevant departments.

 

A jury with participation from the Chinese Government, Financiers, Credit Rating Agencies, Academic Institutions, and Contractors should: 

  • Be responsible for the credit rating model, evaluation price index system, and social credit rating.
Key Points on Stakeholder Engagement

The Chinese Government, Financiers, Credit Rating Agencies, Academic Institutions, and Contractors should: 

  • Follow the principles of voluntary participation, fair procedures, open results, and confidential information in credit rating evaluation.
Applies to
Global
Date
June 2021
Issuer(s)
China International Contractors Association (CHINCA)
Link to Full Version(s)

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