All posts tagged "Dagong"
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172ChinaChinese Regulators Penalise Dagong Global Credit Rating
Dagong failed to adequately scrutinise or inspect the businesses it was evaluating, and adjusted its ratings models without giving sufficient reason.
July 16, 2021 -
227China
Chinese Court Orders Ratings Firm to Compensate Bond Creditors
The court held Dagong Global Credit Rating, its controller, underwriter, accounting firm, and law firm jointly responsible for defaults by a construction company three years ago.
January 7, 2021 -
273ChinaPBOC to Improve Supervision Over Bond Rating Agencies
PBOC vice president Pan Gongsheng said the development of China's bond market was being hindered by false high ratings and insufficient discrimination among issuers' credit risk.
December 16, 2020 -
577China
China Issues Measures to Clean Up Credit Ratings Industry
The measures are part of China's efforts to clean up the ratings industry and open up to foreign competition, in order to boost foreign participation in the domestic bond markets.
December 3, 2019 -
616ChinaChina Mulls New Rules to Prevent Conflict of Interest at Ratings Agencies
The new rules would prohibit firms from providing consulting services to companies they rate and require disclosures of any conflicts of interests.
January 9, 2019 -
601ChinaCSRC Bars Dagong from Ratings Business for One Year
The ratings agency is a target of an investigation by the securities regulator for poor governance and risk management following a spate of overly optimistic ratings given to local issuers.
August 20, 2018
