Founded in 1994, Dagong Global Credit Rating Co. Ltd. (Dagong) is the only domestic credit rating agency established upon the joint approval of People’s Bank of China and the former State Economic &Trade Commission, PRC.

As a disseminator of credit theory and culture, Dagong has long been introducing western mature credit theories and improving social credit consciousness through seminars, trainings media interviews and other means. The successful publishing of the book named “Basics of Credit Rating”, the first academic monograph comprehensively discussing credit rating theories and practices, laid a theoretical foundation for promotion of China’ credit era.
As a leading developer of credit rating techniques in China, Dagong developed its own credit rating techniques by absorbing international advanced credit rating theories and methods based on China’s practical situations. In 2000, Dagong released “Dagong Credit Rating Methodology” with its own intellectual property right, which was both in line with international practices and domestic situation, systematically filling a vacancy of credit rating techniques in China. Afterwards, through continuous practices and studies, Dagong formulated a credit-risk-disclosure technical system, solidifying its position as a technical leader of the domestic credit rating industry.
In 2003, under the approval of the Ministry of Personnel, Dagong set up the first Postdoctoral Workstation of China’s credit rating industry, and invited Nobel Prize Winner and Father of Euro Robert Mundell as a honorary professor of Dagong. It has created a technical R&D system in combination with credit rating theories, methods, technologies, products and services.
As a pioneer in construction of Chinese credit systems, from spreading credit information to taking part in planning and implementation of construction programs of local credit systems of over 20 provinces across the country, Dagong has played a major role in the construction of regional credit systems, showing brand advantage among domestic credit rating agencies.
As a consultancy of reform of regional financial systems, Dagong helps local governments and enterprises materialize large-scale financing by using up-to-date financial tools, and conducts studies on regional and industrial credit risks. Dagong owns credit rating qualifications of borrowers, small and middle-sized enterprises, guarantee entities, group companies and high-tech enterprises of 20 plus provinces, forming a batch of demonstration credit rating projects.
Dagong takes part in the construction of the Asian bond market as a representative of Chinese credit rating agencies, fully embodying Dagong’s leading role in the China’s credit rating industry. Meanwhile, Dagong proposed to create Asian credit rating standards together with credit rating agencies in Japan and South Korea and promoted opening up of credit rating markets of Asian countries. It issued “State Sovereignty Credit Risk Reports”, directing China-based enterprises going abroad to evade risks and enabling international capital markets to hear voices of Chinese credit rating agencies. Dagong plans to establish branches in major global capital markets in an attempt to provide credit rating services globally and become an international credit information provider.
As the most influential credit rating agency in China, Dagong is gaining increasing social recognition. For more than a decade, Dagong has rated more than 500 billion yuan worth of bonds for over 6,000 enterprises in more than 30 provinces, municipalities and autonomous regions throughout the nation.
As the largest credit rating agency in China, Dagong possesses an experienced and professional management team; a high-quality analyst team with 90% of 200 plus analysts holding doctor or master degree; an expert committee composed of many prestigious economic or financial experts in a number of fields. So far, Dagong has set up eight regional headquarters of Beijing, Shanghai, North China, Northeast China, Northwest China, Southwest China, North China and East China, and branches in more than 30 regions all over the country.