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Credit ratings JV to be launched in Hong Kong

By Gao Changxin in Hong Kong | China Daily | Updated: 2013-05-08 05:50

Credit ratings JV to be launched in Hong Kong

Guan Jianzhong, chairman of Dagong Global Credit Rating Co Ltd, the Chinese ratings agency, says the current ratings system is flawed and favors developed economies. Provided to China Daily

Dagong Global Credit Rating Co Ltd, the Chinese ratings agency, is launching a joint venture operation in Hong Kong next month to challenge the current ratings system, which the agency claims is "flawed".

Credit ratings JV to be launched in Hong Kong

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