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CCX

Controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 2020

    Ratings business suspended after Yongmei default; PBOC imposes 7.685 million yuan fine

    After the 2020 Yongmei Holdings default, China Chengxin International was warned by the National Association of Financial Market Institutional Investors and suspended from debt financing instrument rating business for three months due to rating procedure problems, becoming the first institution penalized over the Yongmei incident. In February 2024, the PBOC announced violations in filing, rating procedures, independence, consistency, and personnel management, and issued a warning and a fine of 7.685 million yuan. In 2026, the Zhejiang Securities Regulatory Bureau issued another warning letter because its verification of the Chenglong Construction rating project was inadequate. Business suspended for three months, fine, warning letter.

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