Milestones

    2016

  • 09Month

    the Belt and Road Summit – Financing, Investment and Silk Road Bond was held in Hong Kong
    8th September 2016 - the Belt and Road Summit – Financing, Investment and Silk Road Bond was held in Hong Kong focusing on how Silk Road Bond contributes to infrastructure project financing along the Belt and Road
  • 09Month

    Welt am Sonntag published an exclusive interview with Chairman Guan
    7th September 2016, the well-known weekly – Welt am Sonntag published an exclusive interview with Chairman Guan in its business news section
  • 07Month

    the 2016 World Credit Rating Forum was co-held by the UCRG and Dagong Global in Beijing
    18th July 2016 - the 2016 World Credit Rating Forum was co-held by the UCRG and Dagong Global in Beijing The Forum was attended by Mr Lian Weiliang, Deputy Director of the National Development and Reform Commission (NDRC), Mr Guan Jianzhong, Chairman of Dagong Global, Mr Dominique de Villepin, former Prime Minister of France, Mr Igor Ivanov, former Foreign Minister of Russia, Mr Shaukat Aziz, former Prime Minister of Pakistan, Mr Alejandro Toledo, former President of Peru and over 400 economists, experts, leaders from domestic and foreign financial institutions, securities companies, multilateral banks, consulates and embassies, and media reporters
  • 06Month

    Chairman Guan was invited to attend the St. Petersburg International Economic Forum
    22nd June 2016 - Chairman Guan was invited to attend the St Petersburg International Economic Forum
  • 06Month

    Chairman Guan attended the 7th International Infrastructure Investment & Construction Forum
    3rd June 2016 - Chairman Guan attended the 7th International Infrastructure Investment & Construction Forum and gave a speech entitled International Infrastructure Financing Innovation and Business Model Change under the Belt and Road Initiative
  • 04Month

    World’s first infrastructure credit rating methodology was officially published
    8th April 2016 - Dagong Global and Global Infrastructure Basel Foundation (GIB) co-held the Press Conference for Global Infrastructure Credit Rating Methodology and Global Infrastructure Investment and Financing Forum, where the world’s first infrastructure credit rating methodology was officially published
  • 03Month

    Mr. Guan met with Mr. Yoo Il-ho, Vice Prime Minister of South Korea
    24th March 2016 - Mr Guan met with Mr Yoo Il-ho, Vice Prime Minister of South Korea in Ramada Hotel, Boao Town, Hainan Province Both sides discussed and reached a consensus on the establishment of a new financial appraisal system and the core concepts of Dagong’s rating methodologies
  • 03Month

    Chairman Guan was invited to attend the China OIC Forum
    22nd March 2016 - Chairman Guan was invited to attend the China OIC Forum held by Islamic Development Bank in Beijing
  • 01Month

    Held the Panda Bond Credit Rating Forum
    25th January 2016 - Sina Finance and Dagong Global co-held the Panda Bond Credit Rating Forum in Beijing Great Wall Hotel Chairman Guan delivered a keynote speech entitled Guard against the Risk in Panda Bond Rating

    2015

  • 11Month

    Chairman Guan was invited to attend Boao Forum for Asia - Financial Cooperation Conference
    8th to 11th November 2015 - Chairman Guan was invited to attend Boao Forum for Asia - Financial Cooperation Conference themed with Asia-Europe Cooperation: A New Blueprint for Financial Interconnectivity, which was held in London At the conference, Chairman Guan delivered a keynote speech on the relationship between credit rating and global economy
  • 10Month

    Chairman Guan was invited to attend the Horasis Forum
    ​22nd October 2015 - Chairman Guan was invited to attend the Horasis Forum where he pointed out the core elements of the global economic recovery
  • 06Month

    Dagong Global singed an MOU with the Central Bank of Suriname
    30th June 2015 - Dagong Global singed an MOU with the Central Bank of Suriname, which marked the establishment of strategic cooperation in credit rating and Dagong’s entry into the Latin American market
  • 06Month

    the World Credit Rating Forum was organised by the UCRG and Xinhua Net
    29th June 2015 - the World Credit Rating Forum was organised by the UCRG and Xinhua Net and coordinated by Dagong in Beijing At the Forum, Chairman Guan delivered a keynote speech entitled A New Prospect for the Global Rating Industry
  • 06Month

    Published A Study of Western Ideas on Credit Rating
    29th June 2015 - UCRG and Dagong held a press conference and published A Study of Western Ideas on Credit Rating which, in an unprecedentedly manner, reveals the flaws of the Western rating system The works marked a new starting point for understanding the Western rating ideas
  • 05Month

    Chairman Guan visited Switzerland to attend the 5th Global Infrastructure Summit
    28th May 2015 - Chairman Guan visited Switzerland to attend the 5th Global Infrastructure Summit and gave a speech entitled An Innovative and Sustainable Rating Model for Global Infrastructure
  • 05Month

    Released global sovereign rating methodology
    26th May 2015 - at a press conference in Frankfurt, Dagong released its global sovereign rating methodology, global commercial bank rating methodology and global insurance rating methodology, which were the first fruits under the guidance of Dagong’s The Guiding Principles of Credit Rating Chairman Guan delivered a keynote speech entitled The World Needs an Innovative Rating Theory
  • 04Month

    Chairman Guan visited Belarus and signed an MOU with its Ministry of Finance
    22nd April 2015 - Chairman Guan visited Belarus and signed an MOU with its Ministry of Finance Belarus approved of Dagong’s establishing a branch within its territory to help the Belorussian government build a national credit system and local enterprises and agencies enter China’s bonds market for financing and investment
  • 03Month

    Released the credit ratings of Gazprom and Gazprombank respectively
    2nd and 18th March 2015 - Dagong released the credit ratings of Gazprom and Gazprombank respectively The ratings were covered by CCTV that Dagong was ‘the only CRA that enjoys a say in sovereign credit rating in the Third World’
  • 02Month

    Mr. Guan Jianzhong attended the Press Conference of UCRG
    25th February 2015 - Mr Guan Jianzhong, Chairman of the UCRG, Mr Dominique de Villepin, IAC Chairman of the UCRG, Mr Alexander Zaitsev, President of RusRating, one of the Founding shareholders of the UCRG, and Mr Sergei Mikhailov, leader of TASS, attended the Press Conference of UCRG and Reform of the International Rating System held in the headquarters of TASS The former three introduced the development of the UCRG and answered questions from the media
  • 02Month

    Released an issuer rating report on Gazprom
    2nd February 2015 - Dagong released an issuer rating report on Gazprom, which marked Dagong’s first rating project for a world power and first international structured financing project in its global bonds market business

    2014

  • 06Month

    Chairman Guan stated that rating interconnectivity is the prerequisite of capital interconnectivity in Asia
    25th November 2014 - the Boao Forum for Asia - Financial Cooperation Conference was held in Dubai, United Arab Emirates At the session of Latest Development and Emerging Areas of Asian Financial Market, Chairman Guan stated that rating interconnectivity is the prerequisite of capital interconnectivity in Asia
  • 09Month

    Dagong Global Credit Rating (HK) Co., Ltd. was opened
    ​4th September 2014 - Dagong Global Credit Rating (HK) Co , Ltd was opened
  • 09Month

    Chairman Guan attended the Asian CRAs CEO Roundtable
    3rd September 2014 - Chairman Guan attended the Asian CRAs CEO Roundtable held by ACRAA in Bali, Indonesia and shared with the audience on the development of Dagong and the ideas on and progress in reforming the international rating system
  • 07Month

    Dagong Hong Kong was granted the Type 10 license by SFC
    ​July 2014 - Dagong Hong Kong was granted the Type 10 license (Providing Credit Rating Services) by Securities and Futures Commission (SFC)
  • 06Month

    Vice Premier of the State Council met with the IAC members
    23rd June 2014 - while the Summit on Building an Asian Credit System was held in Beijing, the International Advisory Council (IAC) of the UCRG was established The IAC members included Mr Dominique de Villepin, former Prime Minister of France, Mr Kevin Rudd, former Prime Minister of Australia, Mr Shaukat Aziz, former Prime Minister of Pakistan, and Mr Igor Ivanov, former Foreign Minister of Russia After the Summit, Mr Zhang Gaoli, Vice Premier of the State Council, met with the above IAC members at Ziguangge, Zhongnanhai
  • 06Month

    Dagong officially launched its rating business in Europe
    13th June 2014 - Dagong officially launched its rating business in Europe
  • 06Month

    Chairman Guan attended the Euro-Asia Economic Forum
    ​9th June 2014 - Chairman Guan attended the Euro-Asia Economic Forum and delivered a speech entitled Building up a Correct Rating Outlook at the Investment in Euro-Asia Emerging Markets Seminar
  • 05Month

    Assigned the first sovereign credit rating to Bosnia and Herzegovina
    8th May, 2014 - Dagong assigned the first sovereign credit rating to Bosnia and Herzegovina, which marked the 100th country or region receiving Dagong’s sovereign ratings
  • 04Month

    Held the first Boao Credit Rating Sub-forum
    ​10th April, 2014 - Dagong held the first Boao Credit Rating Sub-forum, at which Dagong reached ‘Boao Consensus’ with rating authorities from the international rating sector - pragmatically pushing forward the international rating system reform
  • 03Month

    Published The Guiding Principles of Credit Rating
    25th March 2014 - Dagong published The Guiding Principles of Credit Rating, which filled the theoretical blank in the century-long rating history

    2013

  • 12Month

    Signed a MOU with Islamic International Rating Agency
    24th December 2013 - Dagong signed a Memorandum of Understanding (MOU) with Islamic International Rating Agency
  • 09Month

    Governor of the Central Bank of Suriname visited Dagong
    25th September 2013 - Mr Gillmore Hoefdraad, Governor of the Central Bank of Suriname visited Dagong and both sides signed a Suriname sovereign rating contract This indicates Dagong’s objective rating position and scientific rating criteria recognised in Latin American countries, with which Dagong began to enter Latin America’s rating market
  • 09Month

    Chairman Guan delivered a speech at the High-level Seminar on Reforming the International Rating System
    ​5th September 2013 - the High-level Seminar on Reforming the International Rating System was held in Beijing At the Seminar, Chairman Guan delivered a speech entitled A Report on Reforming the International Rating System The Seminar was attended by leaders and experts from Xinhua Net, People’s Daily, Economics Daily, China Daily, CCTV and other government media
  • 06Month

    The Founding Ceremony of UCRG was co-held by three CRAs
    25th June 2013 - the Founding Ceremony of the Universal Credit Rating Group (UCRG) and Forum on Reforming the International Rating System was co-held by three CRAs from China, US and Russia, with Dagong as the initiator and main organizer
  • 06Month

    Dagong Europe was granted with a CRA license by ESMA
    6th June 2013 - Dagong Europe was granted with a CRA license by European Securities and Markets Authority (ESMA) Dagong Europe was the first CRA registered in Europe and granted with a rating license among its Chinese and Asian peers It started rating services on 13th June the same year
  • 01Month

    launched local government rating methodology
    21st January 2013 - Dagong launched the first non-Western-based local government rating methodology in Beijing

    2012

  • 10Month

    Founded the Universal Credit Rating Group
    24th October 2012 - Dagong, Egan-Jones Ratings Company and RusRating jointly released the Beijing Declaration and founded the Universal Credit Rating Group (UCRG), a non-sovereign international CRA

    2011

  • 11Month

    Dagong solicited first european sovereign rating service
    8th November 2011 - Dagong signed a sovereign credit rating agreement with Mr Viktor Burya, Belarussian Ambassador to China, which marked Dagong’s first solicited sovereign rating service for European sovereignties
  • 07Month

    Released a credit rating report for CIMB Bank
    22nd July 2011 - Dagong released a credit rating report for CIMB Bank, which for the first time applied a new, non-Western international rating criterion for international financial institutions, breaking the century-long market monopoly by the U S rating agencies
  • 04Month

    Chairman Guan attended and presented a report at the ACRAA meeting in Malaysia
    7th April 2011 - Chairman Guan attended and presented a report at the ACRAA meeting in Malaysia His speech was echoed by heated discussions among CRA leaders from over 20 countries
  • 02Month

    Chairman Guan delivered a keynote speech at ASEAN + 3 Asian Bond Marke
    16th February 2011 - Chairman Guan delivered a keynote speech entitled International Rating System Reform Necessitates New Thinking at ASEAN + 3 Asian Bond Market Forum, which marked the official start of building a new international CRA
  • 01Month

    Released Outlooks on Sovereign Credit Risks 2011
    28th January 2011, Dagong released Outlooks on Sovereign Credit Risks 2011, marking the debut of Dagong’s sovereign credit risk outlook services

    2010

  • 11Month

    Downgraded the local and foreign currency ratings of USA
    9th November 2010 - Dagong downgraded the local and foreign currency ratings of the U S from AA to A+ with negative outlooks in its rating monitoring report targeting the QE policy, which became a hot topic in the international community
  • 11Month

    Chairman Guan attended Asia/Middle East Sovereign Wealth Fund Round Table Conference
    2nd November 2010 - Chairman Guan attended Asia Middle East Sovereign Wealth Fund Round Table Conference and made a keynote speech entitled Credit Rating is Critical to the World Future
  • 07Month

    Released Sovereign Credit Rating Reports on 50 Countries
    11th July 2010 - Dagong held the Sovereign Credit Rating Press Conference in Beijing, where Dagong’s Sovereign Credit Rating Reports on 50 Countries 2010 and Sovereign Credit Risk Report 2010 were released and receive massive attention from the international community

    2009

  • 10Month

    Proposed to build a new international credit rating system
    21st October 2009 - At the third China - Japan - South Korea Credit Rating Forum, Dagong proposed for the first time building a new international credit rating system, which was widely recognised at home and abroad and became a highlight in the history of international rating development
  • 06Month

    Released China’s first sovereign credit rating methodology
    ​May 2009 - Dagong released China’s first sovereign credit rating methodology and a credit rating methodology for China’s industries, which marked an important step towards building a new international rating system
  • 04Month

    Chairman Guan attended the Boao Forum for Asia and delivered a speech
    April 2009 - Chairman Guan attended the Boao Forum for Asia and delivered a speech entitled Building a New International Credit Rating System, which was widely echoed at home and abroad
  • 01Month

    Held a forum themed ‘The Role of Credit Rating in Post-Crisis Period’
    ​10th January 2009 - Dagong held in Beijing a forum themed ‘The Role of Credit Rating in Post-Crisis Period’ to summarise the lessons from the global credit crisis and discuss the model of reforming the international rating system At the forum, Chairman Guan delivered a speech entitled China’s Rise Needs a Powerful National Credit Rating Agency

    2007

  • 06Month

    Dagong, R&I and NICE jointly initiated their cooperation programme
    ​June 2007 - Dagong, Rating & Investment Information Inc (R&I, Japan) and National Information and Credit Evaluation (NICE, South Korea) jointly initiated their cooperation programme, which involves an annual China - Japan - South Korea credit rating forum held in turns among the three countries

    2006

  • 06Month

    Financial Times published Mr. Guan Jianzhong’s article
    19th June 2006 - Financial Times published Mr Guan Jianzhong’s Rethinking of China’s Credit Rating Industry on the front page of the theory section

    2004

  • 11Month

    Dagong’s post-doctoral research centre was formally put into operation
    ​November 2004 - Dagong’s post-doctoral research centre was formally put into operation Professor Robert Mundell attended the opening ceremony
  • 01Month

    Joined ACRAA
    January 2004 - Dagong joined the Association of Credit Rating Agencies in Asia (ACRAA), paving the way for Dagong’s contributions to the development of the Asian rating system

    2003

  • 08Month

    Recommended to join the working group of Asian bond market development
    August 2003 - At the ASEAN+3 Finance Ministers Meeting, Dagong was recommended by the Ministry of Finance of China to join the working group of Asian bond market development as a national representative

    2000

  • 01Month

    Released ‘Dagong Credit Rating Methodology’
    January 2000 - Dagong released its self-developed Dagong Credit Rating Methodology, which is the first methodology consistent with both international standard and China’s reality, acquiring independent intellectual property right This methodology filled the technical blank of credit risk evaluations in China’s capital market

    1999

  • 07Month

    Started the 3-year technical cooperation with Moody’s
    July 1999 - Dagong started the 3-year technical cooperation with Moody’s While systematically learning from advanced credit rating techniques, Dagong explored rating criteria suitable for domestic status quo The three-year period laid foundation for Dagong to fill the gap in evaluation techniques for national credit risks, and marked a critical step towards Dagong’s international development

    1997

  • 02Month

    ​Dagong set up its branch at 1 World Trade Centre
    Dagong set up its branch Dagong (USA) Inc at 1 World Trade Centre, New York, embarking on its path of international development