China Chengxin (Asia Pacific) Credit Ratings Co.,Ltd. (CCXAP) is a wholly-owned subsidiary of CCXI, is the first Chinese credit rating agency to be allowed to engage in overseas rating businesses. In June 2012, CCXAP obtained the Type 10 license issued by the Hong Kong Securities and Futures Commission (providing credit rating services). In March 2023, CCXAP was approved by Hong Kong's Mandatory Provident Fund Schemes Authority (“MPFA”). CCXAP provides credit rating services to domestic and foreign companies and institutions that issue bonds in the overseas market in Hong Kong, Asia Pacific, and the European Union. As CCXI's first overseas subsidiary, CCXAP acts as a window for CCXI to share credit analysis on domestic and foreign enterprises with overseas investors, enjoying a significant strategic position within the group.