Chinese Vice-Premier Huang Ju said in Beijing Tuesday that China welcomes the Moody's Corporation and other famous international credit agencies to enter Chinese market.

Huang told John Rutherfurd, chairman of the board and chief executive officer of the Moody's Corporation, and his party duringa meeting that China hopes those international agencies would bring in their experience and advanced know-how and help the reform and development of China's financial sector.

The Moody's Corporation has given a positive assessment on the outcome of China's economic reform over the years, Huang noted.

The Moody's has provided credit rating services on China, Chinese companies and financial institutions, according to the Moody's Investors Service (Beijing) Ltd., established in 2003.

"The Chinese Government, financial institutions and companies have paid an ever greater attention to the role of the international credit rating agencies," Huang noted. "The agencies can play a very important role with a huge room for maneuvering as China is working hard to build a social environment of good credibility."

Source: Xinhua