Dr. Jenny Ai, Vice President & Head of the Credit Rating Committee for United Ratings Spoke at China OIC Forum 2017

On March 22, 2017, Dr. Jenny Ai, Vice President & Head of the Credit Rating Committee for United Ratings spoke at “China OIC Forum 2017” hosted by The Islamic Corporation for the Development of the Private Sector(ICD), which is part of the Islamic Development Bank (IDB) Group. 

More than 200 representatives from regulatory institutions, market participants, as well as Chinese financial institutions, intermediaries, investors and contractors from 56 OIC organizations participated in the forum, focusing on topics like how Chinese companies can use Islamic finance to support bilateral investment, trade and services, in particular, how to integrate with China’s national strategy of the “Belt and Road Initiative”.

At the forum, Dr. Ai and expert panelists gave a detailed introduction of the types, characteristics, safety and related legal support of Islamic bonds (sukuk). Dr. Ai focused on the differences between sukuk and traditional bonds in terms of credit characteristics and concerns from the perspective of credit rating and explored the issue of how Chinese investors and enterprises could take advantage of the “safety, return and liquidity” of sukuk against the backdrop of “Belt and Road Initiative” strategy, which was highly appreciated by the participants.

Mr. Ding Xiang and Mr. Chen Jialin, both Deputy General Manager from Country Risk Department of United Ratings also attended the forum, and explored ways of cooperation with some of the participants.