Greifenberg Digital Limited, a member of the Integrated Media Technology Limited Group, launched Credit AI, a suite of risk analytics for corporate bonds with an initial coverage universe of nearly 30,000 Chinese local-currency corporate bonds. The analytics are delivered via Internet on an interactive website. The new system includes an innovative financial scoring model, a machine-learning algorithm that detects default risk in corporate financial reporting, an Artificial Intelligence model to assess the probability of misstatements in corporate balance sheets and income statements, and a Contingent Claims Analysis model that derives default risk from real-time equity and option market data. In addition, Greifenberg uses Natural Language Processing, a form of Artificial Intelligence analysis of news and social media to gauge changes in sentiment about corporate bond issuers. The NLP system presently covers the whole spectrum of Chinese-language public sources, and will be available to website users by January 1. Greifenberg also offers matrix pricing of infrequently-traded bonds. This methodology allows investors to identify profit opportunities in the less liquid part of the Chinese corporate bond universe. Greifenberg's proprietary matrix pricing model identifies reference bonds from the liquid universe and estimates the fair value of illiquid bonds by comparing the risk characteristics of illiquid bonds to the characteristics of comparable liquid instruments. The matrix pricing system provides a reference point for relative value for a large part of China's onshore bond universe. In addition, Credit AI provides a portfolio management system that calculates Value at Risk and expected loss from default for corporate bond portfolios. The portfolio module translates the risk measurements of each bond into a default probability and uses the correlation of bond performance to calculate risk at the portfolio level. The Greifenberg website is now available to institutional investors. Along with the inauguration of the analytics website, Greifenberg released a White Paper detailing the performance of the analytics suite during the Chinese property bond crisis of August-October 2021. "To a great extent, the shakeout in China's corporate bond market was predictable.