The First Batch of `International Credit Enterprises' in China is Emerging

The First Batch of `International Credit Enterprises' in China is Emerging

August 30, 2006

    BEIJING, Aug. 30 /Xinhua-PRNewswire/ -- China
International Institute of Multinational Corporations
(CIIMC) and Dun & Bradstreet Corporation of the United
States (D&B) have launched the registration process of
enterprises' international credit rating in China. 
Sponsors of this rating activity are the Organizing
Committee of the World Economic Development Declaration and
the Global Compact Office of the United Nations.  This
activity also gets support and approval from relevant
departments of the Chinese government, as well as
assistance from Xinhua PR Newswire, helping with the global
distribution of news releases.  Along with the progress of
the rating, the first batch of `International Credit
Enterprises' in China will be awarded this year, and an
awards ceremony will be held in the Great Hall of the
People in Beijing, China.

    Chinese enterprises will establish their positions in
the international market with the image of `honesty and
credibility'.  Enterprises' international credit rating
also includes the promotion for awardees of `International
Credit Enterprises'.  The appearance of `International
Credit Enterprises' in China will provide convenient, safe
and reassuring conditions for the exchange and cooperation
between the international society and Chinese enterprises,
and it will also be helpful to the sustainable development
of the Chinese economy.  This indicates that the Chinese
government supports Chinese enterprises in taking a more
proactive and responsible stance to participate in the
international competition in the globalization process of
the world economy. 

    Standard of Enterprises' International Credit Rating
used for the rating campaign is drafted by CIIMC and
D&B, the world's leading global business credit rating
institution, according to international current rules and
general demands, and in combination with the consideration
of specific features of Chinese enterprises.  Fairness and
Justness are a credit commitment of the campaign organizers
to the international community and enterprises.  The
enterprise credit rating process is based on standards of
scientific criterion, openness and transparency and the
probability to stand trials of time and the market. 

    The entire rating campaign is designed with nine
procedures: registration, initial assessment, rating,
publication, checking, evaluation, awarding, promotion and
annual review.  Mainstream media will carry out follow-up
reports for each procedure for the sake of increasing
socialization and marketization of the campaign and
recognition by consumers.  In order to enhance the justness
of the campaign, daily management systems such as consumers'
prosecution, enterprises' appeal and relevant check
mechanism and annual review have also been established for
this rating campaign. Participating enterprises will also
be awarded DUNS Number recognized by the International
Standards Organization.

    About China International Institute of Multinational
Corporations (CIIMC)

    Founded on January 1, 1993, the CIIMC is an
international platform for promoting the exchange and
cooperation between Chinese and foreign enterprises. In
more than ten years, CIIMC, joining with related ministries
and commissions, provinces and municipalities, renowned
Chinese and foreign media, related international
organizations, foreign chambers of commerce and
multinational corporations concerned, has held such
large-scale activities, such as "Seminar of Enterprise
Quality Strategy for Chinese Brand Products",
"Economic and Trade Talks of Sino-US Large-Scale
Enterprises", "Talks on Sino-Japan Economic
Exchange", "WTO and China" and
"Information Industry and Global Economy", the
World Economic Development Declaration Conference,
"High Level International Conference on Millennium
Development Goals", etc.

    For more information, please contact:

     Professor Xiaoyu Zhang
     Executive Vice-President & Secretary-General of
CIIMC
     Tel:   [phone]
     Email: [e-mail]

SOURCE  China International Institute of Multinational
Corporations