PBOC approves S&P Global to enter China's credit rating market - ConsultFX

PBOC approves S&P Global to enter China's credit rating market

No mention of Moody's or Fitch Ratings in their statement With Chinese economic growth and FDI already seen struggling last year, authorities are likely to need further support from foreign participation/investment to boost growth this year. Hence, explaining part of the reasoning in the decision here.