CCX

What CCX does

CCX (China Chengxin, 中诚信) is a privately held, founder-controlled Chinese financial services group established on October 8, 1992 as the first nationwide credit rating institution approved by the People's Bank of China. Headquartered in Beijing, the group operates five core segments — CCX International (credit rating for interbank, exchange, and offshore bond markets), CCX Credit (credit investigation and credit technology), China Chengxin Health (healthcare and medical credit), CCX Carbon Technology (dual-carbon consulting, jointly controlled with Yangtze River Ecological Environmental Protection Group), and CCX Investment (equity holdings in financial services, real estate, and ski resorts) — supported by specialized sub-brands in green finance/ESG, certification, index services, and fixed-income technology. The group's customer base spans bond issuers, financial institutions, listed companies, and government entities across China, Hong Kong, and emerging Southeast Asian markets.

CCX's technology stack combines proprietary credit methodologies with AI-driven production systems. Its flagship QE (Quality Enterprise) Rating System provides an investor-perspective active rating framework anchored on 36 sector-specific yield curves, while the FITS Fixed Income Wisdom Platform 3.0 (launched April 2025) delivers institutional-grade fixed income analytics. The ESG Rating Database covers over 4,000 A-share and H-share listed companies and 2,300+ bond issuers across 40+ industry-specific models, and CCX Valuation provides daily pricing for approximately 50,000 bonds. In June 2025, CCX Credit launched its "Intelligent Engine" (智能引擎), described as China's first AI-driven full-process LLM production line for enterprise credit reporting, integrating the DeepSeek large language model with structured credit data for automated report writing, review, and translation.

Revenue is generated through professional services fees (credit rating, ESG evaluation, carbon certification), subscription and licensing arrangements (indices, bond valuation, fixed-income data), and investment returns from a diversified portfolio that includes equity in Shen Gang Securities, the Yabuli and Lvcongpo ski resorts (the latter generating RMB 156 million revenue in 2024), real estate assets in Shenzhen and Wuhan, and recently acquired water utilities in Anshan. Pricing is contract-based for institutional clients and is not publicly disclosed. Distribution is sales-led through direct field offices in Beijing, Shanghai, Wuhan, Shenzhen, and Hong Kong, supplemented by industry conferences, academic partnerships (Peking University, Renmin University, Wuhan University), and the China Macroeconomic Forum (CMF) thought-leadership platform founded by chairman Mao Zhenhua.

Name

CCX

Legal name

中诚信投资集团有限公司

Website

https://ccxgroup.com.cn

Company type

Private

Founded year

1992

Operating status

Operating

Short description

CCX (China Chengxin / 中诚信) is China's first nationwide credit rating institution, founded in 1992 and headquartered in Beijing. It provides credit ratings, ESG and dual-carbon services, credit technology, fixed-income indices, and investment management to bond issuers, financial institutions, listed companies, and government entities across China, Hong Kong, and Southeast Asia.

Ownership category

akta.pro rank

Product category

Credit Rating Services

NAICS

Credit Bureaus (561450), Activities Related to Credit Intermediation (5223)

SIC

Services-Consumer Credit Reporting, Collection Agencies (7320)

akta.pro primary industry

Credit Bureaus & Consumer Credit Reporting Agencies (FSAKAKAA)

Keywords

• Credit rating services
• Bond valuation indices
• Green finance ESG ratings
• Enterprise credit technology
• Dual carbon consulting

Headquarters

HQ city

Beijing

HQ country

China

HQ region

Asia

Offices7 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. Credit Rating Services: CCX International and its subsidiaries provide credit rating services for bond issuers in China's interbank and exchange bond markets, generating revenue through professional service fees charged to corporate and government issuers. This is the group's core revenue stream with market-leading share.
2. Credit Technology (征信与信用科技): CCX Credit provides one-stop customized credit risk solutions, fintech services, and data-driven credit assessment products to financial institutions and corporates, generating fees for risk management platforms and data services.
3. Green Finance & ESG Services (绿金): CCX Green Finance and CCX Green Gold provide third-party green finance assessment, ESG rating, carbon certification, and dual-carbon consulting services. Revenue is earned through green bond certification fees, ESG evaluation contracts, and consulting engagements.
4. Health Credit Services (大健康): CCX's health division provides third-party credit management services for medical and healthcare institutions, including hospital credit evaluations, medical insurance credit systems, and health industry credit standards, earning fees for certification and consulting.
5. Index and Data Services (指数): CCX Index develops and licenses ESG, carbon neutrality, and bond indices to institutional investors and asset managers, generating revenue through licensing fees and data subscription services. In 2024, completed A-round financing at RMB 533 million valuation.
6. Investment Returns: CCX holds equity investments in financial institutions (e.g., Shen Gang Securities), ski resorts (Yabuli, Lvcongpo), real estate (Wuhan Erqi Project, Shenzhen), and water treatment plants, generating returns through dividends, capital gains, and operating profits.

Go-to-market motion3 records

Distribution channels5 records

Marketing channels4 records

Core offering

CCX is a comprehensive credit service provider in China operating credit rating, credit investigation/technology, green finance/ESG, healthcare credit, and dual-carbon service businesses. The group issues credit ratings for bond issuers across China's interbank and exchange markets, provides AI-driven credit risk platforms, ESG and green bond certification, and carbon consulting. It also operates a financial index/valuation subsidiary and a credit-tech platform (FITS Fixed Income Wisdom Platform) integrated with the DeepSeek large language model.

Product overview

CCX (China Chengxin/中诚信) is a leading comprehensive credit service provider in China founded in 1992, operating as a multi-segment credit industry group. The company offers a unified platform-plus-modules architecture consisting of five core business segments: (1) 中诚信国际信用评级 provides credit ratings for bank-interbank, exchange, and overseas markets; (2) 中诚信征信·信用科技 offers AI-driven enterprise credit risk solutions including the '智能引擎' LLM production system and FITS固收智慧平台; (3) 中国诚信·大健康业务 delivers credit management services for healthcare and medical institutions; (4) 中碳科技·双碳业务 provides carbon consulting, quantification, and management services for dual carbon goals; and (5) 中诚信投资 manages investment operations. Supporting these core segments are subsidiaries including 中诚信绿金科技 (green finance/ESG), 中诚信认证 (certification), 中诚信指数 (indices/valuation), and 中诚信和逸 (financial data services), creating an integrated credit ecosystem spanning ratings,征信, ESG analytics, carbon services, and investment management.

Differentiator

Problem solved

Functional benefit

Brands

• 中诚信国际: Core credit rating subsidiary providing credit rating services for bond markets including bank-interbank market, exchange market, and overseas markets.
• 中诚信征信
• 中国诚信
• 中碳科技
• 中诚信投资
• 中诚信绿金
• 中诚信认证
• 中诚信指数
• 中诚信和逸
• 中诚信分析
• 中诚信亚太
• 中诚信绿金国际

Products and services

• CCX International Credit Rating (中诚信国际信用评级) Independent, objective, and professional credit rating services for corporate bond issuers, financial institutions, and government entities across China's interbank market, exchange market, and offshore markets.
• CCX Credit Technology (中诚信征信·信用科技) One-stop customized credit risk solutions and fintech services for financial institutions and corporates, including the AI-driven 'Intelligent Engine' (智能引擎) production system integrating DeepSeek large language models.
• CCX Carbon Technology Dual Carbon Services (中碳科技·双碳业务) Comprehensive carbon peaking and carbon neutrality services including carbon consulting, carbon quantification, carbon management, carbon financing, and carbon disclosure for corporates and governments.
• CCX Green Finance Technology (中诚信绿金科技) Professional green finance services including ESG ratings, green bond certification, and sustainability assessments backed by an ESG rating database covering 4,000+ A-share/H-share companies and 2,300+ bond issuers.
• CCX Green Finance International (中诚信绿金国际) Hong Kong-based green and sustainable finance service provider, the first Chinese credit rating agency to obtain HKMA Green and Sustainable Finance Grant Scheme external review qualification and QDI Plan recognition.
• CCX Certification (中诚信认证) Organization governance certification, ESG certification, green finance certification, and compliance management services, including ISO 37302 governance evaluations.
• CCX Index (中诚信指数) Bond valuation and financial index services including ESG, carbon neutrality, and bond indices licensed to institutional investors and asset managers, with IOSCO Principles for Financial Benchmarks compliance attestation.
• FITS Fixed Income Wisdom Platform (FITs固收智慧平台) AI-powered fixed income investment credit research platform with QE rating as the core, providing institutional-grade risk management and investment decision support for bond investors.
• CCX QE Rating System (中诚信QE评级体系) Active credit rating system providing 36 QE-level yield curves across industrial, infrastructure investment, and financial segments, with daily valuation for approximately 50,000 bonds and demonstrated default prediction and pricing effectiveness.
• CCX And Yi (中诚信和逸) Fixed income technology and bond data services platform providing financial data and technology solutions for institutional investors, including credit evaluation data services for the Agricultural Bank of China.
• Intelligent Engine (智能引擎) LLM Production System AI-driven intelligent production system for credit reporting using natural language processing and machine learning, enabling intelligent report writing, review, and translation through an 'Analyst + AI' collaborative model.
• China Chengxin Health Business (中国诚信·大健康业务) Third-party credit management services for medical and healthcare institutions, including hospital credit evaluations, medical insurance credit systems, health industry credit standards, and senior care credit rating.
• Smart Medical Insurance Big Data Anti-Fraud Platform (智慧医保大数据反欺诈平台) Big data analytics platform for medical insurance fraud detection using anomaly detection capabilities, deployed across national pilot projects to combat healthcare insurance fraud.
• CCX Investment (中诚信投资) Investment management across financial services (Shen Gang Securities), real estate, and leisure sectors (Yabuli Sunshine Resort, Lvcongpo Alpine Ski Resort) generating returns through dividends, capital gains, and operating profits.
• CCX Asia Pacific (中诚信亚太) Hong Kong-based international credit rating subsidiary serving offshore bond issuers, international investors, and cross-border capital market participants with Hong Kong SFC Type 10 license.
• Stablecoin Assessment Method (稳定币评估方法) Hong Kong market's first stablecoin assessment methodology supporting digital finance standardization and serving the growing Hong Kong currency fund rating market.

Quantifiable outcome

• CCX Valuation provides daily valuation for approximately 50,000 bonds through 36 QE-level yield curves
• +3 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability7 records

Feature7 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• MARC (Malaysian Rating Corporation)coreStrategic or Co-development Partner · 1 July 2025CCX International signed MOUs with MARC (Malaysia's rating agency) and PEFINDO (Indonesia's rating agency), and China Bank Jakarta Branch, to build bridges for financial market participants with Southeast Asian markets and promote cross-border cooperation at higher levels.
• Agricultural Bank of China Head Office (农总行)minorStrategic or Co-development Partner · 1 January 2025CCX Heyi signed a smart credit evaluation data service project contract with Agricultural Bank of China Head Office, with contract value exceeding RMB 4 million, marking the largest single contract in the company's history.
• China Social Welfare and Senior Care Service Association (中国社会福利与养老服务协会)minorStrategic or Co-development Partner · 1 September 2024China Zhongcheng and the China Social Welfare and Senior Care Service Association officially launched the elderly care service industry credit evaluation program, expanding third-party credit evaluation applications across China's senior care sector.
• MOX澳交所 (Macao Securities Exchange)minorStrategic or Co-development Partner · 1 September 2024CCX Index established a cooperation with MOX澳交所 for index investment collaboration, expanding its index distribution ecosystem in the Greater Bay Area.
• China Telecom North Branch (中国电信北分)minorStrategic or Co-development Partner · 1 July 2024CCX Credit signed a framework agreement with China Telecom North Branch to jointly build a data element market ecosystem, promoting data element commercialization and digital economy development in China.
• Coface (科法斯)coreStrategic or Co-development Partner · 1 May 2024CCX Credit and Coface signed a strategic cooperation agreement to jointly advance the high-quality development of Chinese enterprises' international expansion. The partnership leverages Coface's global trade credit insurance expertise and CCX's local credit assessment capabilities.
• Beijing Tengyun Culture Technology (北京腾瑞云文化科技, Tencent affiliate)minorStrategic or Co-development Partner · 1 November 2023China Zhongcheng Credit and Tencent-affiliated Beijing Tengyun Culture Technology jointly established Beijing Xinteng Culture Co., Ltd. to explore cultural tourism credit system construction and IP entity business, with ongoing city-level cooperation projects in Zhengzhou, Luoyang, Wuhan, and Hubei.
• Multiple Supporters (再鼎医药, 武田中国, 安斯泰来)minorOthers · 1 September 2022The 2nd China Honest Health Medical Conference was supported by Zai Lab, Takeda China, and Astellas China, bringing together hundreds of experts, scholars, and industry leaders from across China's healthcare sector.
• Yangtze River Ecological Environmental Protection Group (长江生态环保集团)coreStrategic or Co-development Partner · 29 July 2021CCX Group and Yangtze River Ecological Environmental Protection Group (a subsidiary of China Three Gorges Corporation) signed a strategic cooperation framework agreement at the Lvcongpo Summer Forum. The partnership covers green finance, rural revitalization, ESG, environmental assessment, carbon finance, and water treatment business. The collaboration led to the joint establishment of CCX Carbon Technology (中碳科技) in December 2021.

Scale indicators8 records

Recent moves12 records

Expansion highlights8 records

Regional players

• MARC (Malaysian Rating Corporation): Malaysia's dominant domestic credit rating agency and recent MOU partner of CCX International for cross-border Southeast Asian mandates. Comparable as a national rating leader expanding into cross-border ASEAN coverage.
• PEFINDO: Indonesia's leading credit rating agency and 2025 MOU partner of CCX International. Comparable as a national rating leader pursuing cross-border ASEAN cooperation from a domestic base.

Broad incumbents

• Fitch Ratings: Global rating incumbent partnering with China Lianhe (China Bond Rating JV) to access the Chinese market. Competes with CCX on cross-border bond ratings and global investor mandates.
• S&P Global Ratings: Global credit rating leader and CCX competitor for offshore Chinese bond ratings and international investor mandates. Indirectly comparable via joint venture activities in China's domestic market.
• Moody's Ratings: Global credit rating incumbent with expanding presence in China's onshore and offshore bond markets. Comparable to CCX as a rating provider and competitor for cross-border mandates from Chinese issuers.

Direct peers

• China Bond Rating: Joint venture between Fitch Ratings and China Lianhe, providing domestic Chinese bond market ratings. Combines domestic reach with global methodology, directly competitive with CCX in the investor-pays and structured finance segments.
• China Lianhe Credit Rating: Major Chinese credit rating agency jointly backed by major financial institutions, providing corporate bond ratings, structured finance ratings, and credit research. Direct competitor in Chinese bond market ratings alongside CCX.
• Shanghai Brilliance Credit Rating & Investors Service: Shanghai-based Chinese credit rating agency with full bank-interbank and exchange market licenses. Direct peer to CCX International in domestic bond rating and structured finance ratings.
• Dagong Global Credit Rating: One of China's largest domestic credit rating agencies, operating in the interbank and exchange bond markets with ratings, advisory, and research. Directly comparable to CCX International as a primary competitor for Chinese bond issuer mandates.
• Pengyuan Credit Rating: Shenzhen-headquartered domestic credit rating agency operating across interbank and exchange markets. Competes directly with CCX for Chinese bond issuer mandates and sovereign/local government ratings.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/zhongchengxin
• LinkedInlinkedin.com/company/ccx

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries19 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments3 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CCX