AN INTERNATIONAL CREDIT RATINGAGENCY WITH LOCAL CHINA INSIGHT

一个接中国地气的国际评级 机 构

Lianhe Ratings Global Limited

lhratingsglobal.com联合集团概述
LIANHE GROUP OVERVIEW
联合信用管理有限公司旗下在中国还拥有从事银行间市场评级业务的联合资信评估有限公司（“联合资信”）和从事交易所
市场评级业务的联合信用评级有限公司（“联合评级”）。此两间公司统一被称为联合资本市场。自2000年成立以来，联合资本市场已成为中国最大的两家信用评级机构之一。截至2018
年12月，联合资本市场拥有约350名分析师以及5,000家客户，评级业务范围覆盖中国企业，城投，银行及结构性融资产品。

China Lianhe Credit Information Service Co., Ltd owns China
Lianhe Credit Rating Co., Ltd (“Lianhe Ratings”) which
focuses on the Interbank Market and United Credit Ratings
Co., Ltd. (“United Ratings”) which focuses on the Exchange
Market, in China. Together, we refer to them as Lianhe CapitalMarkets. Lianhe Capital Markets is now one of the two largest
credit rating agencies in China since its founding in 2000. Asof December 2018, Lianhe Capital Markets had approximately
350 analysts covering a portfolio of 5,000 issuers ranging fromcorporates, LGFVs, and banks to structured finance productsin China.

联合国际概述LIANHE GLOBAL OVERVIEW

10联合国际于2017年9月在香港成立国际评级业务总部联合国际于2018年7月获香港证监会批准经营信用评级业务牌照(10号牌照)联合国际于2019年1月发布首单美元债评级Lianhe Global was established inSeptember 2017 in Hong Kong,
where the international ratingsbusiness is headquartered

Lianhe Global was granted a Type 10
License (Providing Credit RatingServices) by Hong Kong SFC inJuly 2018

Lianhe Global published its first USD
bond rating in January 2019评级业务RATING BUSINESS

联合信用管理有限公司
CHINA LIANHE CREDIT INFORMATION SERVICE CO., LTD

境内业务
ONSHORE BUSINESS境外业务
OFFSHORE BUSINESS联合资信评估有限公司 (国内评级-银行间市场)
CHINA LIANHE CREDIT RATING CO., LTD(NATIONAL RATINGS - INTERBANK MARKET)联合评级国际有限公司(国际评级)
LIANHE RATINGS GLOBAL LIMITED(INTERNATIONAL RATINGS)

联合信用评级有限公司 (国内评级 – 交易所市场)UNITED CREDIT RATINGS CO., LTD(NATIONAL RATINGS – EXCHANGE MARKET)联合国际优势

产业焦点

LIANHE GLOBAL’S
STRENGTHS

INDUSTRY FOCUS

中外知识融合International expertisewith local market
knowledge

房地产Real Estate
地方政府融资平台
Local Government
Financing Vehicles (LGFV)中国领先市场地位
Leading marketing
position in China

工业类
Industrials

高效执行效率Efficient turnaround ofrating assignments

金融机构
Financial Institutions
结构融资
Structured Finance杰出分析团队
Highly experienced
analytical team评级服务
PRODUCT OFFERINGS公开评级
Public Rating

非公开跟踪评级Private MonitoredRating

特定时点非公开评级
Private Point inTime Rating信用评估服务Credit Assessment
Service (CAS)

描述
Description

所有公开融资
Support all publicfinancings

非公开融资交易
Non-public financing
transactions

保密特定时间点评级Confidential point intime rating

不是一个完整的评级
Not a full bloom rating
评估是根据公开讯息以及/或是由发行人所提供的有限资讯
Credit opinion based on public
information and/or limited
information provided by
the issuer

公开评级结果Published
Rating Result

在联合国际网站以及不同金融媒体上公布评级
结果
Published on Lianhe
Global website andvarious financial media仅发送结果与特定限制
对象Distributed to a limited
number of users only仅发送结果与特定限制对象
Distributed to a limited
number of users only仅发送结果与特定限制对象
Distributed to a limited
number of users only

初始评级流程INITIAL RATING PROCESS

010203

发行人接洽联合国际进
行初始评级服务Issuer engages
Lianhe Global for an
initial rating service

管理阶层访谈和实地调查，进行深
入分析，评级委员会与传达初始评级结果于发行人(一般为4-6周)
Management meeting and site
visit, in-depth analysis, rating
committee and initial rating
outcome communicated toissuer (typically 4-6 weeks)公开评级
Publicly MonitoredRating业务联络
BUSINESS CONTACT
香港金钟道89号力宝中心二期2401室2401, Tower Two, Lippo Centre, 89 Queensway, Hong Kong+852 3462 9569

info@lhratingsglobal.com

非公开评级
Privately MonitoredRating评级流程终止Termination ofRating Process