{"id":11261,"date":"2021-01-01T13:00:00","date_gmt":"2021-01-01T05:00:00","guid":{"rendered":"https:\/\/www.tejwin.com\/?post_type=news&#038;p=11261"},"modified":"2024-09-04T16:19:15","modified_gmt":"2024-09-04T08:19:15","slug":"ccrqm_china-corporate-credit-quantitative-model","status":"publish","type":"news","link":"https:\/\/www.tejwin.com\/en\/news\/ccrqm_china-corporate-credit-quantitative-model\/","title":{"rendered":"CCRQM_China Corporate Credit Quantitative Model"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/\/6-1-1024x576.jpg\" alt=\"CCRQM\" class=\"wp-image-11264\" srcset=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/6-1-1024x576.jpg 1024w, https:\/\/www.tejwin.com\/wp-content\/uploads\/6-1-300x169.jpg 300w, https:\/\/www.tejwin.com\/wp-content\/uploads\/6-1-150x84.jpg 150w, https:\/\/www.tejwin.com\/wp-content\/uploads\/6-1-768x432.jpg 768w, https:\/\/www.tejwin.com\/wp-content\/uploads\/6-1-1536x864.jpg 1536w, https:\/\/www.tejwin.com\/wp-content\/uploads\/6-1.jpg 1920w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_81 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69f20e52984a6\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"ez-toc-cssicon\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69f20e52984a6\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.tejwin.com\/en\/news\/ccrqm_china-corporate-credit-quantitative-model\/#CCRQM\" >CCRQM<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.tejwin.com\/en\/news\/ccrqm_china-corporate-credit-quantitative-model\/#TEJ_Solution\" >TEJ Solution<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.tejwin.com\/en\/news\/ccrqm_china-corporate-credit-quantitative-model\/#%E2%9C%A8Key_Features\" >\u2728Key Features\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.tejwin.com\/en\/news\/ccrqm_china-corporate-credit-quantitative-model\/#%E2%9C%A8Key_Advantages\" >\u2728Key Advantages<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.tejwin.com\/en\/news\/ccrqm_china-corporate-credit-quantitative-model\/#%E2%9C%A8Key_Benefits\" >\u2728Key Benefits<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.tejwin.com\/en\/news\/ccrqm_china-corporate-credit-quantitative-model\/#CCRQM_Model_Variables\" >CCRQM Model Variables<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.tejwin.com\/en\/news\/ccrqm_china-corporate-credit-quantitative-model\/#FORMULA_Grade_Calculate_the_composite_score_to_determine_the_corresponding_grade\" >FORMULA Grade: Calculate the composite score to determine the corresponding grade<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.tejwin.com\/en\/news\/ccrqm_china-corporate-credit-quantitative-model\/#BASIC_Grade\" >BASIC Grade<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.tejwin.com\/en\/news\/ccrqm_china-corporate-credit-quantitative-model\/#Warning_abilityDiscriminatory_power_ROC%3E90_or_above\" >Warning ability\/Discriminatory power (ROC)>90% or above:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.tejwin.com\/en\/news\/ccrqm_china-corporate-credit-quantitative-model\/#Stability_One-year_average_transition_matrix_of_CCRQM_2005-2023\" >Stability: One-year average transition matrix of CCRQM (2005-2023)<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.tejwin.com\/en\/news\/ccrqm_china-corporate-credit-quantitative-model\/#TEJ_CCRQM\" >TEJ CCRQM<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"CCRQM\"><\/span>CCRQM<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The opacity of Chinese corporate information and the inflated ratings in the bond market have always been the biggest pain in our cooperation with Chinese corporations. From the complexity of data collection to the credibility of data analysis, data limitations of all sizes affect our ability to assess the credit risk of corporations from publicly available information.<\/p>\n\n\n\n<p>In 2013, TEJ published <strong>China Corporate Credit Quantitative Model<\/strong>, <strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\">CCRQM<\/mark><\/strong>, a credit risk rating system for evaluating China Corporate&#8217;s credit. CCRQM is based on quantitative models and data generated from financial reports. These ratings are updated every half-year.<\/p>\n\n\n\n<p>TEJ adopts the data from financial reports to create logistic regression and expert judgment to decide the best combination of variables and variable weights in models. In this way, the credit scoring model of Scorecard generates user-friendly credit scores.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"TEJ_Solution\"><\/span>TEJ Solution <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img decoding=\"async\" width=\"1024\" height=\"558\" src=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/\/ccrqm-1024x558.jpg\" alt=\"\" class=\"wp-image-27873\" style=\"width:794px;height:auto\" srcset=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/ccrqm-1024x558.jpg 1024w, https:\/\/www.tejwin.com\/wp-content\/uploads\/ccrqm-300x163.jpg 300w, https:\/\/www.tejwin.com\/wp-content\/uploads\/ccrqm-150x82.jpg 150w, https:\/\/www.tejwin.com\/wp-content\/uploads\/ccrqm-768x418.jpg 768w, https:\/\/www.tejwin.com\/wp-content\/uploads\/ccrqm.jpg 1116w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<div style=\"height:22px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E2%9C%A8Key_Features\"><\/span>\u2728Key Features\u00a0<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Listed corporate entities in Shanghai and Shenzhen are&nbsp;the main objects.<\/li>\n\n\n\n<li>Opened and transparent quantitative model ratings.<\/li>\n\n\n\n<li>Based on TEJ standardized and comparable financial data.<\/li>\n\n\n\n<li>Rating&nbsp;results are updated regularly upon the release of new financial reports.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E2%9C%A8Key_Advantages\"><\/span>\u2728Key Advantages<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Distinguished credit ratings.<\/li>\n\n\n\n<li>Neutral credit ratings by third parties.<\/li>\n\n\n\n<li>Regular publication of factors modification and validity test of the model.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E2%9C%A8Key_Benefits\"><\/span>\u2728Key Benefits<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Bankers\uff1a Enhance credit risk evaluation efficiency.<\/li>\n\n\n\n<li>Investors\uff1a Manage investment portfolio&nbsp;credit risk.<\/li>\n\n\n\n<li>Corporatations\uff1a Evaluate changes in credit risk efficiently.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"CCRQM_Model_Variables\"><\/span>CCRQM Model Variables<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The model primarily utilizes publicly available financial statement data, applying logistic stepwise regression combined with expert judgment to select the optimal variable combinations and their respective weights.<br>These are then converted into user-friendly credit scores using a scorecard credit scoring model.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized caption-align-center\"><img decoding=\"async\" width=\"1024\" height=\"519\" src=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/\/ccrqm-score-model-1-1024x519.jpg\" alt=\"\" class=\"wp-image-27912\" style=\"width:839px;height:auto\" srcset=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/ccrqm-score-model-1-1024x519.jpg 1024w, https:\/\/www.tejwin.com\/wp-content\/uploads\/ccrqm-score-model-1-300x152.jpg 300w, https:\/\/www.tejwin.com\/wp-content\/uploads\/ccrqm-score-model-1-150x76.jpg 150w, https:\/\/www.tejwin.com\/wp-content\/uploads\/ccrqm-score-model-1-768x390.jpg 768w, https:\/\/www.tejwin.com\/wp-content\/uploads\/ccrqm-score-model-1.jpg 1301w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Scorecard Credit Scoring Model<\/figcaption><\/figure>\n\n\n\n<div style=\"border: 1px black; border-style: solid none; text-align: center; border-color: #296580; padding: 24px; margin-top: 24px; margin-bottom: 24px;\">\n<p style=\"margin: 0px; font-size: 24px; font-weight: bold; line-height: 1.5;\"><span class=\"TextRun SCXW233629124 BCX8\" lang=\"ZH-TW\" xml:lang=\"ZH-TW\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW233629124 BCX8\">Start Managing Corporate Credit Risk of Investment Portfolio<br \/>Evaluate Credit Risk More Efficiently Today!<\/span><\/span><\/p>\n<div style=\"margin-top: 32px;\"><strong><a style=\"border: none; border-radius: 4px; background-color: #296580; color: white; font-size: 20px; width: fit-content; text-decoration: none; padding: 12px 30px 12px 30px;\" href=\"https:\/\/www.tejwin.com\/en\/contact\/\" target=\"_blank\" rel=\"noopener\">Contact Us<\/a><\/strong><\/div>\n<\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"FORMULA_Grade_Calculate_the_composite_score_to_determine_the_corresponding_grade\"><\/span><strong>FORMULA Grade: Calculate the composite score to determine the corresponding grade<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-image size-large is-resized caption-align-center\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"701\" src=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/\/CCRQM-risk-grade-1-1024x701.jpg\" alt=\"\" class=\"wp-image-27921\" style=\"width:840px;height:auto\" srcset=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/CCRQM-risk-grade-1-1024x701.jpg 1024w, https:\/\/www.tejwin.com\/wp-content\/uploads\/CCRQM-risk-grade-1-300x205.jpg 300w, https:\/\/www.tejwin.com\/wp-content\/uploads\/CCRQM-risk-grade-1-150x103.jpg 150w, https:\/\/www.tejwin.com\/wp-content\/uploads\/CCRQM-risk-grade-1-768x526.jpg 768w, https:\/\/www.tejwin.com\/wp-content\/uploads\/CCRQM-risk-grade-1.jpg 1323w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Risk category corresponds to a specific grade<\/figcaption><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"BASIC_Grade\"><\/span><strong>BASIC Grade<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Adjustment of the formula grade to the basic grade by using financial disclosure and group as the threshold limit.<\/p>\n\n\n\n<figure class=\"wp-block-image alignwide size-large caption-align-center\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"267\" src=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/\/ccrqm-basic-grade-2-1024x267.jpg\" alt=\"\" class=\"wp-image-27953\" srcset=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/ccrqm-basic-grade-2-1024x267.jpg 1024w, https:\/\/www.tejwin.com\/wp-content\/uploads\/ccrqm-basic-grade-2-300x78.jpg 300w, https:\/\/www.tejwin.com\/wp-content\/uploads\/ccrqm-basic-grade-2-150x39.jpg 150w, https:\/\/www.tejwin.com\/wp-content\/uploads\/ccrqm-basic-grade-2-768x201.jpg 768w, https:\/\/www.tejwin.com\/wp-content\/uploads\/ccrqm-basic-grade-2-1536x401.jpg 1536w, https:\/\/www.tejwin.com\/wp-content\/uploads\/ccrqm-basic-grade-2-2048x535.jpg 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Risk Assessment Factors for BASIC Grade<\/figcaption><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Warning_abilityDiscriminatory_power_ROC%3E90_or_above\"><\/span><strong>Warning ability\/Discriminatory power (ROC)>90% or above:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The average default risk differentiation ability of 90.24% over the last 10 years (2014~2023) indicates that the quantitative model (threshold level) has a high differentiation ability regardless of the modeling period.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"86\" src=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/\/CCRQM-warning-ability-1024x86.jpg\" alt=\"\" class=\"wp-image-27941\" srcset=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/CCRQM-warning-ability-1024x86.jpg 1024w, https:\/\/www.tejwin.com\/wp-content\/uploads\/CCRQM-warning-ability-300x25.jpg 300w, https:\/\/www.tejwin.com\/wp-content\/uploads\/CCRQM-warning-ability-150x13.jpg 150w, https:\/\/www.tejwin.com\/wp-content\/uploads\/CCRQM-warning-ability-768x64.jpg 768w, https:\/\/www.tejwin.com\/wp-content\/uploads\/CCRQM-warning-ability-1536x129.jpg 1536w, https:\/\/www.tejwin.com\/wp-content\/uploads\/CCRQM-warning-ability.jpg 1834w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<div style=\"height:22px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Stability_One-year_average_transition_matrix_of_CCRQM_2005-2023\"><\/span><strong>Stability: One-year average transition matrix of CCRQM (2005-2023)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Observing the status of quantitative model (basic grade) rating through the shift matrix, the average 1-year maintenance rate from 2005-2023 is about 40-60%, and the volatility of low risk is small compared to the high risk. Through the expert judgment rating, it can effectively improve the ability and stability of the long-term investment and credit index.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"389\" src=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/\/CCRQM-one-year-transition-1024x389.jpg\" alt=\"\" class=\"wp-image-27944\" srcset=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/CCRQM-one-year-transition-1024x389.jpg 1024w, https:\/\/www.tejwin.com\/wp-content\/uploads\/CCRQM-one-year-transition-300x114.jpg 300w, https:\/\/www.tejwin.com\/wp-content\/uploads\/CCRQM-one-year-transition-150x57.jpg 150w, https:\/\/www.tejwin.com\/wp-content\/uploads\/CCRQM-one-year-transition-768x292.jpg 768w, https:\/\/www.tejwin.com\/wp-content\/uploads\/CCRQM-one-year-transition-1536x583.jpg 1536w, https:\/\/www.tejwin.com\/wp-content\/uploads\/CCRQM-one-year-transition.jpg 1701w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<div style=\"height:22px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"TEJ_CCRQM\"><\/span>TEJ CCRQM <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Facing the special characteristics of Chinese enterprises: asset restructuring, shell-listing, financial window-dressing, and the outbreak of cash fraud cases in recent years, TEJ have been reflecting on and revising <strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\">CCRQM<\/mark><\/strong>&#8216;s methodology. We continue to provide solutions for you to enhance your early warning capability!<\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-a89b3969 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button has-custom-font-size is-style-fill\" style=\"font-size:21px\"><a class=\"wp-block-button__link has-background has-text-align-center wp-element-button\" href=\"https:\/\/www.tejwin.com\/en\/contact\/\" style=\"border-radius:13px;background:linear-gradient(135deg,rgb(252,155,0) 0%,rgb(230,70,0) 100%)\"><strong>Start Managing Corporate Credit Risk of Investment Portfolio<br>Evaluate Credit Risk More Efficiently Today!<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<div style=\"height:27px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/CCRQM20solution.png\" alt=\"CCRQM\"\/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>CCRQM The opacity of Chinese corporate information and the inflated ratings in the bond market have always been the biggest pain in our cooperation with Chinese corporations. From the complexity of data collection to the credibility of data analysis, data limitations of all sizes affect our ability to assess the credit risk of corporations from [&hellip;]<\/p>\n","protected":false},"featured_media":11264,"parent":0,"menu_order":0,"template":"","tags":[],"news-category":[764],"class_list":["post-11261","news","type-news","status-publish","has-post-thumbnail","hentry","news-category-product-introduction-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.tejwin.com\/en\/wp-json\/wp\/v2\/news\/11261","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.tejwin.com\/en\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.tejwin.com\/en\/wp-json\/wp\/v2\/types\/news"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.tejwin.com\/en\/wp-json\/wp\/v2\/media\/11264"}],"wp:attachment":[{"href":"https:\/\/www.tejwin.com\/en\/wp-json\/wp\/v2\/media?parent=11261"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tejwin.com\/en\/wp-json\/wp\/v2\/tags?post=11261"},{"taxonomy":"news-category","embeddable":true,"href":"https:\/\/www.tejwin.com\/en\/wp-json\/wp\/v2\/news-category?post=11261"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}