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China P2P Online Lending: Regulation will be Crucial for Success

According to Chi Guan Jianzhong, president of the Chinese ratings agency Dagong Global, China is currently going through a quiet crisis: Many Internet-based money lenders (P2P platforms) are sinking, along with the funds they owe to their creditors.  The crisis may last into the middle of the year and incur a total loss of 100 billion yuan ($16 billion) to ... Read More »

China – Russian Rating Agency to Be Launched

In a move to slight ‘foreign’ rating agencies, China and Russia have announced plans to create a joint rating agency.   Anton Siluanov, Russia’s finance minister stated:   “In the beginning, the agency will assess Russian and Chinese investment projects with a view to attracting a number of (investors from) a number of Asian countries.  Details about timing and conditions leading up ... Read More »

Ratings Linkup between Dagong (China), Egan-Jones Ratings (USA) and RUS Rating JSC (Russia)

The Chinese Rating Agency Dagong announced that it was linking with United States and Russian partners to form an ‘independent’ rating group.  Dagong would set up a joint venture company, called Universal Credit Rating Group, with Egan-Jones Rating (EJR) and RusRating JSC.  According to the statement of Dagong the partners do not represent the interest of any particular country or ... Read More »