China Lianhe Credit Rating Co., Ltd.
China Lianhe Credit Rating is a Beijing-based credit-rating agency assessing issuers and fixed-income and structured-finance products.
Last updated October 12, 2026
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Overview
China Lianhe Credit Rating Co., Ltd. (联合资信评估股份有限公司), commonly known as Lianhe or 联合资信, is a Chinese credit-rating agency headquartered in Beijing. Its predecessor, Lianhe Credit Rating Co., Ltd., was established in July 2000; the company adopted its current name on September 17, 2020. The company profile identifies United Credit Management Co., Ltd. and Tianjin Lianxin Jiahe Management Consulting Partnership (Limited Partnership) as its shareholders. It describes Lianhe as one of China's professional and large-scale credit-rating agencies. Lianhe rates a broad range of economic entities, including multilateral institutions, sovereigns, local governments, financial institutions and non-financial companies. It also rates fixed-income securities issued by these entities and structured-finance instruments, including asset-backed securities. Its product coverage includes corporate debt and bonds, financial-institution ratings, local-government and sovereign ratings, and structured-finance products such as auto-loan, consumer-loan, leasing, mortgage and other asset-backed securities. The agency serves participants in China's interbank and securities-exchange markets. Its company profile says it has qualifications for credit-rating business in both markets and is a member of the National Association of Financial Market Institutional Investors, the Insurance Asset Management Association of China and the Securities Association of China, among other bodies. The company also publishes rating results, research reports, video reports and the periodical Credit Research, and provides investor-service resources through its website. Lianhe says it develops and updates rating methodologies and models across issuers, industries and product types. It describes its operating approach as intended to protect compliance and the independence, objectivity and fairness of ratings. Its stated service principle is “professional, responsible, sincere and service-oriented,” and it says its ratings are intended to serve investors and regulators. The official company profile identifies Wang Shaobo as legal representative and Wan Huawei as general manager.
History
The company profile traces China Lianhe Credit Rating to Lianhe Credit Rating Co., Ltd., established in July 2000. The predecessor's establishment marked the start of the organization that now operates under the Lianhe Credit Rating name. On September 17, 2020, it changed its name to China Lianhe Credit Rating Co., Ltd. (联合资信评估股份有限公司). The official profile gives Beijing as its headquarters and identifies United Credit Management Co., Ltd. and Tianjin Lianxin Jiahe Management Consulting Partnership (Limited Partnership) as shareholders. It does not name an individual founder. Over more than two decades, Lianhe developed a broad rating practice covering issuers and debt products in China's interbank and securities-exchange markets. Its stated coverage includes multilateral institutions, sovereigns, local governments, financial institutions and non-financial companies, as well as fixed-income securities and structured-finance instruments issued by these entities. Product areas shown on its website include medium-term notes, short- and ultra-short-term commercial paper, asset-backed notes, enterprise and corporate bonds, convertible and exchangeable bonds, and asset-backed or other structured-finance products. The company profile describes the development of rating methodologies and models as a continuing part of its work. It says that its methods cover products and industries across the interbank and exchange markets, including sovereign and local-government entities, non-financial companies, financial institutions and asset-backed securities. Lianhe also describes internal administrative and business controls, rating-quality procedures and compliance supervision as safeguards for rating independence, objectivity and fairness. Alongside ratings, the company built out investor-facing and research activities. Its website offers rating results, research reports, video reports, publications and investor-service information. The company profile highlights its Credit Research periodical and books on credit-rating principles, credit ratings and securitization. It says its research addresses macroeconomic conditions, industry and regional risks, bond-market development, rating regulation and practice, rating performance, methodologies and new products. The current company profile identifies Wang Shaobo as legal representative and Wan Huawei as general manager. It presents the company's service principle as “professional, responsible, sincere and service-oriented,” and states that its work aims to provide investors and regulators with independent, objective and fair credit ratings.
Predecessor established
Company adopted its current name
Products and positioning
A professional Chinese credit-rating agency with coverage across issuer types and debt and structured-finance products, emphasizing methodological development and independent, objective and fair ratings.
Non-financial enterprise ratings
Ratings for corporate debt-financing instruments and bonds, including medium-term notes, commercial paper, enterprise bonds, corporate bonds and asset-backed products.
Structured-finance ratings
Ratings for asset-backed and other structured-finance products, including auto-loan, consumer-loan, leasing and mortgage-related securities.
Issuer ratings
Ratings covering sovereigns, local governments, financial institutions and non-financial companies, among other economic entities.
Controversies
Brand decisions
- Methodology development and rating controlsOther
Sources6 sources
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