---
title: "PACRA partners with Chinese credit rating firm for Panda Bond collaboration"
description: "Most outlets highlighted the Memorandum of Understanding between PACRA and Lianhe Global, focusing on the partnership's aim to facilitate Panda Bond ratings for Pakistani entities. Profit added specific details about the MoU’s scope, including sustainable-finance ratings and research collaboration, while ProPakistani briefly mentioned the goal of accessing the Panda Bond market. Business Recorder provided the least detail, only noting the signing of the MoU and the names of the involved parties."
url: https://harzaviya.com/stories/5811-pacra-teams-up-with-china-s-lianhe-global-to-open-panda-bond
site: HarZaviya
language: en
---

# PACRA partners with Chinese credit rating firm for Panda Bond collaboration

business · latest filing 2 Sep 2026, 7:13 AM PKT · 1–2 Sep 2026 · 4 articles from 4 outlets over 2 developments

**HarZaviya summary** — how 4 outlets covered this, generated automatically from their headlines and excerpts:

> Most outlets highlighted the signing of the MoU between PACRA and Lianhe Global, with a focus on expanding credit rating services. One outlet additionally noted the collaboration’s specific scope, including Panda Bond ratings, sustainable finance, and research partnerships.

## How it developed

Newest development first. Each carries its own coverage and, where we have one, our summary of it.

### 2 Sep 2026 — PACRA, Lianhe Global sign MoU to explore cooperation in Panda Bonds (1 outlet)

- **Daily Times** — [PACRA, Lianhe Global sign MoU to explore cooperation in Panda Bonds](https://dailytimes.com.pk/1546835/pacra-lianhe-global-sign-mou-to-explore-cooperation-in-panda-bonds/) · 2 Sep 2026, 7:13 AM PKT
  > The Pakistan Credit Rating Agency Limited (PACRA) and Lianhe Ratings Global Limited (Lianhe Global), the international arm of one of China’s largest credit rating groups, have entered into a Memorandum of Understanding (MoU) to establish a framework for cooperation. The MoU brings together PACRA’s established presence and understanding of Pakistan’s credit markets with Lianhe Global’s […]

### 1 Sep 2026 — PACRA partners with Chinese credit rating firm for Panda Bond collaboration (3 outlets)

> Most outlets highlighted the Memorandum of Understanding between PACRA and Lianhe Global, focusing on the partnership's aim to facilitate Panda Bond ratings for Pakistani entities. Profit added specific details about the MoU’s scope, including sustainable-finance ratings and research collaboration, while ProPakistani briefly mentioned the goal of accessing the Panda Bond market. Business Recorder provided the least detail, only noting the signing of the MoU and the names of the involved parties.

- **ProPakistani** — [PACRA Partners With Chinese Rating Group to Tap Panda Bond Market](https://propakistani.pk/2026/09/01/pacra-partners-with-chinese-rating-group-to-tap-panda-bond-market/) · 1 Sep 2026, 11:36 AM PKT
  > The Pakistan Credit Rating Agency Limited (PACRA has entered into a Memorandum of Understanding with Lianhe Ratings Global Limited, the… Read More
- **Profit** — [PACRA teams up with China's Lianhe Global to open Panda Bond ratings route](https://profit.pakistantoday.com.pk/2026/09/01/pacra-teams-up-with-chinas-lianhe-global-to-open-panda-bond-ratings-route) · 1 Sep 2026, 10:14 AM PKT · 89% identical wording to the newest filing
  > MoU covers cooperation on sustainable-finance ratings, green and sustainability-linked instruments, research and knowledge-sharing, and rating services for Panda Bond issues by Pakistani sovereign and corporate borrowers
- **Business Recorder** — [PACRA signs MoU with Lianhe Global](https://www.brecorder.com/news/40437269/pacra-signs-mou-with-lianhe-global) · 1 Sep 2026, 4:43 AM PKT · 86% identical wording to the newest filing
  > LAHORE/HONG KONG: The Pakistan Credit Rating Agency Limited (“PACRA”) and Lianhe Ratings Global Limited (“Lianhe Global”), the international arm of one of China’s largest credit rating groups, have entered into a Memorandum of Understanding (“MoU”) to establish a framework for cooperation. The MoU brings together PACRA’s established presence and understanding of Pakistan’s credit markets with L...

4 articles from 4 outlets, 1–2 Sep 2026. Headlines and links belong to their outlets — HarZaviya links out and never copies article text.

---

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