
Report Released On Credit Risks Of China’s Oil And Gas Industry
Shanghai, China (SPX) Sep 29, 2008 - The credit rating department of Xinhua Finance Limited (XFL, TSE Mothers: 9399 and OTC: XHFNY), China's premier financial information provider, released its report on Future Credit Trends in China's Oil and Natural Gas Industry, which identifies, in addition to macro-economic policy to support stable growth and control inflation, government policy on issues such as refined oil pricing mechanisms and energy security as the primary factor influencing the oil and gas industry's credit worthiness. Xinhua Finance feels that a) realization of a market oriented pricing mechanism via the linking of domestic and international refined oil prices remains a long term goal of the Chinese government; b) reform of the domestic market's refined oil pricing mechanism is unavoidable; and c) to the extent that inflationary pressures can be brought under control, the government should allow pricing of domestic refined oil to reflect the market.














