Search results
Aug 29, 2023 · There are five important shifts happening in the global economy right now. The first and most immediate is a necessary policy adjustment from reducing inflation to keeping it...
Jun 29, 2021 · This article concludes that this new ownership may exacerbate the geopolitical characteristics of Dagong and poses a challenge to the international financial market. Discover the...
- I. Introduction
- II. Global Expansion of Dagong
- III. Dagong’S Business Operation in China
- IV. Dagong’S Geopolitical Bias
- IV. Conclusion
Dagong Global Credit Rating Co Ltd (Dagong) was founded in 1994. It became one of the few independent Chinese credit rating agencies (CRAs) after other influential CRAs merged with the main international players during the internationalisation of the Chinese rating industry from 1999. In its heyday, Dagong was a national representative, which succe...
Dagong’s expansion in the US and the EU aimed to express its influence in the international financial market and to challenge the oligopoly of the international influential CRAs, although with little success. Dagong applied for NRSRO status with the US Securities and Exchange Commission (SEC) but received a denial order in 2010. The main reason for...
Chinese regulators took unprecedented measures to discipline the imprudent CRA, Dagong, despite it being the national brand. Dagong’s business operation suffered heavily in 2018 because of its one-year suspension for breaching Chinese securities law. According to the NAFMII, Dagong had breached the basic standards of the rating industry, such as be...
Dagong represents a unique case where a geopolitical bias has a significant part to play in sovereign ratings. Studies have showed no significant correlation between geopolitical ties and a home bias for all CRAs except Dagong, which was more likely to assign higher ratings for ‘non-Western’ countries.11 Dagong’s published sovereign ratings in 2010...
Dagong’s rise in the international financial market was driven by an ambition to influence the international financial market and to pursue the geopolitical interests of the Chinese government. Dagong exerted great effort in expanding international business operations in the US and the EU in the last decade, but all in vain. Dagong’s sharp rise and...
As a pioneer in setting up credit rating standards on industries, regions and sovereignties in China, Dagong participated in designing and popularizing most of domestic debt instruments, and is also leading the credit rating market in corporate bonds, financial bonds and structured financing bonds.
Jul 12, 2021 · Dagong Global Credit Rating Co. Ltd., one of China’s largest debt ratings agencies, has been ordered to rectify its operations after allegedly failing to adequately scrutinize or inspect the businesses it was evaluating, earning its second official sanction in a month.
Dec 26, 2012 · If it follows through with another cut, Dagong will have pegged the US as a mid-tier emerging market: it would enjoy the same creditworthiness as South Africa, but would score less well than...
People also ask
Why is Dagong important?
What is Dagong Global Credit Rating Agency (Dagong)?
Is Dagong a good investment?
What does Dagong stand for?
Jul 17, 2017 · China’s Dagong Global aims to boost transparency in the country’s often-murky world of corporate credit ratings, with plans for a digital credit-rating platform that requires companies to ...
