Moody’s rates Zhongyuan Asset Baa3

Moody's Investors Service said it assigned a first-time rating of Baa3 to Zhongyuan Asset Management Co., Ltd.

The agency said it expects the company would get a high level of help from the government of China if needed.

“The Henan provincial government supervises Zhongyuan AMC's business policies and investment plans, and approves its annual financial budget and profit distribution plans. Zhongyuan AMC also submits operating data to the provincial department of finance on a monthly basis,” said Moody’s in a press release.

The outlook is stable.

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