China Commercial Credit Receives 'AAA' Rating From Jiangsu Province Financial Bureau

WUJIANG, CHINA--(Marketwired - Nov 5, 2013) - China Commercial Credit, Inc. (NASDAQ: CCCR) (the "Company" or "CCCR"), a holding company whose major business is providing loans and loan guarantees to small-to-medium enterprises (SMEs), farmers and individuals in Jiangsu Province, today said the Financial Bureau of Jiangsu Province (the "Bureau"), the Province's financial authority regulating the microcredit industry, had awarded the Company the top rating of 'AAA' -- conferred on 84 of the 412 microcredit companies in Jiangsu.

As a result of the AAA rating, said CCC, it will now be authorized to provide loan guarantees for applicants on the Bureau-sponsored Internet-based lending platform, utilized by thousands of SMEs, farmers and individuals in Jiangsu Province.

This online loan guarantee service, scheduled to be launched by year-end, is expected to expose the Company to what it believes will be a "substantially increased customer flow" and provide "what could be significant incremental revenue in 2014," said the Company.

In addition, the Company believes the 'AAA' rating will be a prime consideration in the Bureau's expected future decision to increase the 'leverage' -- or ratio of lending capital compared to registered capital -- for this small group of AAA-rated companies in Jiangsu.

Today's award is part of the Bureau's newest program to both regulate the Province's microcredit companies as well as facilitate the issuance of loans to SMEs, farmers and individuals in Jiangsu Province, among China's most economically developed provinces. Additionally, the program is a continuation of China's continuing efforts to ease these groups' reliance on State-owned banks -- which, in large part, have historically shunned their loan requests.

According to 2012 data, SMEs account for eight out of ten jobs in China and comprise 60 percent of that nation's GDP.

"We are very gratified to receive this top rating from the Jiangsu Province Financial Bureau," said China Commercial Credit founder and CEO, Mr. Huichun Qin. "We look forward to working closely with the Bureau on our loan guarantee service which will, we believe, engage and service hundreds of new customers in Jiangsu Province.

"This, in turn," said Mr. Qin, "will not only help spur economic growth within Jiangsu, but also potentially create even stronger growth and improved profitability for China Commercial Credit."

About China Commercial Credit
China Commercial Credit (http://www.chinacommercialcredit.com), founded in 2008, provides business loans and loan guarantee services to more than 360 small-to-medium enterprises (SMEs), farmers and individuals in China's Jiangsu Province. Due to recent legislation and banking reform in China, these SMEs, farmers and individuals -- which historically had been excluded from borrowing funds from State-owned and commercial banks -- are now able to borrow money at competitive rates from microfinance lenders.

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Forward-Looking Statements

This press release contains forward-looking statements within the meaning of USfederal securities laws. You should not rely upon forward-looking statements as predictions of future events. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Except as required by law, we undertake no obligation to update publicly any forward-looking statements for any reason after the date of this release to conform these statements to actual results or to changes in our expectations. You should review the factors described in the section entitled "Risk Factors" in our prospectus filed with the SEC on August 14, 2013 and other documents we file from time to time with the SEC. We qualify all of our forward-looking statements by these cautionary statements.