Standard & Poor's: Confirms that the outlook for China's four major asset management companies is "stable"

On June 5th, Standard & Poor's confirmed the "BBB+" long-term and "A-2" short-term issuer credit ratings of China Cinda Asset Management Co., Ltd. (abbreviated as "China Cinda" 01359.HK), the "BBB-" long-term and "A-3" short-term issuer credit ratings of China CITIC Financial Asset Management Co., Ltd. (abbreviated as "China CITIC Financial Assets" 02799.HK), the "BBB" long-term and "A-2" short-term issuer credit ratings of China Great Wall Asset Management Co., Ltd (abbreviated as "China Great Wall Asset"), and the "BBB" long-term and "A-2" short-term issuer credit ratings of China Orient Asset Management Co., Ltd. (abbreviated as "China Orient Asset"). At the same time, Standard & Poor's also confirmed the ratings of the core subsidiaries of the above four companies and the ratings of the debt issued or guaranteed by these companies. The outlook for the above long-term ratings is stable.