Exchanges with GDCA and the Development and Reform Bureau of Jiangmen

HKCCMA Chairman Mr. Bobby R. Rozario and Vice Chairman Mr. Germany Heng met with officials from the Development and Reform Bureau of Jiangmen and Guangdong Credit Association (GDCA) on March 3, 2023. They had in-depth discussions on the promotion, implementation, and application scope of the Standard of Enterprise Credit Rating (group standard number: T/GDXY001-2022).

The Standard was proposed by Development and Reform Bureau of Jiangmen and co-authored in 2022 by a number of prestigious commercial associations, enterprises and credit rating agencies in Hong Kong, Macao, and Jiangmen, including HKCCMA. Compiled by credit experts from Guangdong, Hong Kong and Macao following the market-oriented principle, the Standard is forward-looking, market-oriented, practical and targeted. It defines mutual recognition on credit rating in the Guangdong-Hong Kong-Macao Greater Bay Area for the first time and guides credit rating activities in the Greater Bay Area.

"We are very grateful for the work done by the Development and Reform Bureau of Jiangmen and GDCA. The Standard of Enterprise Credit Rating is meaningful for corporate cooperation and interactions. Contributing to its compilation is also a precious experience for HKCCMA. We anticipate working more closely with you (Jiangmen Development and Reform Bureau and GDCA) to advance economic growth and trade cooperation in the Greater Bay Area," said Mr. Rozario during the meeting.