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CWE awarded AAA credit rating by CCCME

Update:2015-11-25

In order to put in place a credit system for companies involved in the import and export of machinery and electronic products and to ensure the healthy development of the whole industry, China Chamber of Commerce for Import and Export of Machinery and Electronic Products (CCCME) jointed hands with the National Credit Office and State-owned Assets Supervision and Administration Commission (SASAC) to launch the appraisal process of Credit Rating for Electro-mechanical Industry in 2015, which lasted from June to October. CWE with the Business Management Department taking the lead submitted its application for the appraisal and was successfully awarded AAA credit rating in the overseas complete plant engineering sector.


With an open, fair and just approach, after application, appraisal by professional credit evaluation company (quantization), and final verification by appraisal office, sub-division of the Chamber and experts in various industries, the result of the 2015 credit rating were publicized for ten days (ending on October 9). This rating was carried out in three major sectors; namely, the overseas complete plant engineering, the export and import of general electro-mechanical products, and the export and import of small-to-medium electro-mechanical products, participated by 66 companies. The result of the rating was forwarded to over 200 overseas Economic and Commercial Counselor’s Offices of China and those of other countries to China as well as more than 100 international commercial associations  and trade promotion organizations under agreements with CCCME. It may also be widely applied in CCCME member services in respects of the evaluation and approval of export credit insurance, exhibition at home and abroad, project coordination, government economic aid conducts and procurement, etc.


To further promote the popularity and application of the rating’s result, the unveiling ceremony of Credit Rating for Electro-mechanical Industry in 2015 was held at the Canton Fair hall in Guangzhou on October 16. CCCME president Zhang Yujing, CCCME vice president Liu Chun, and Li Jinqi, Director of China Foreign Trade Centre issued plaques and certificates to the 66 companies. CWE Engineering Director Zhang Jingwei and relevant personnel from the Office of the President and Business Management Department attended the ceremony.

(Translator: Jiang Guangwen, Proofreader: Ma Li)