SINGAPORE, 29 January 2018 – China Lianhe Credit Rating Co., Ltd (“Lianhe Ratings”) and GIC announce the entry of an affiliate of GIC as an investor in the company.

Since its establishment in 2000, Lianhe Ratings has aimed to promote the sustainable development of China’s capital market. As a leading credit rating agency in China, its vision is to be an accomplished and trustworthy company. GIC’s investment will facilitate Lianhe Ratings’ long-term development and internationalization, as well as further its contributions to both China’s and the global capital market.

Lianhe Ratings is confident of the rating industry’s long-term potential as China’s economy and bond market, as well as its share of the global economy, continue to grow. GIC believes rating agencies will play an increasingly important role in the pricing of bonds and the identification of risks.