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Mainland credit rating agency expands international business via Hong Kong

21.06.2024
DGHK Opening 005 Selected 20240620

Invest Hong Kong (InvestHK) announced today (21 June 2024) that its Mainland client Dagong Global Credit Rating Co Ltd has opened its Hong Kong office, as part its strategic move to expand into overseas markets via the city.

The Associate Director-General of Investment Promotion, Mr Charles Ng, congratulated the opening of Dagong Global in Hong Kong. He said, "Hong Kong has long been the ‘super connector’ between the Mainland and the rest of the world. It is the ideal platform for Dagong Global to extend its credit rating services to the world."

Managing Director of Dagong Global Hong Kong Limited, Mr Neo Zhang, said that the Hong Kong subsidiary is not only the Dagong Global’s cutting-edge base for serving international clients but also its strategic centre for expanding international business and enhancing brand influence.

He explained, “Hong Kong as one of the world's four major international financial centres has long been renowned for its open market environment, robust legal system, and efficient financial services. It is not only a crucial hub for global financial innovation and capital mobility, but also an important link connecting the mainland financial market with the international financial market. The city boasts the largest offshore Renminbi market and is the preferred choice for Chinese enterprises' overseas bond financing.”

He added, “The opening of our Hong Kong office is precisely based on the city's unique position and tremendous potential in the global financial market. We have successfully obtained approval from the Securities and Futures Commission of Hong Kong to conduct the Type 10 regulated activity.” 

Dagong Global Hong Kong will provide comprehensive credit rating services, including corporate and financial institution credit ratings. The company is committed to providing professional rating services for investors, issuers, and other market participants, participating in the establishment of internationally recognized assessment standards, enhancing market transparency, and improving the efficiency of capital mobility.

To get a copy of the photo, please visit www.flickr.com/photos/investhk/albums/72177720318100960.

For more information about Dagong Global Hong Kong, please visit https://hk.dagongcredit.com/.  
 

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