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St. Petersburg International Economic Forum 2016

Chinese rating agency Dagong expects to start operating in Russia in 2017

"We know that Russia very much needed ratings Dagong," Guan Jianzhong, head of China's Dagong said

ST.PETERSBURG, June 16. /TASS/. Chinese rating agency Dagong expects to receive a license to operate in Russia next year, Guan Jianzhong, head of China's Dagong told TASS.

St. Petersburg International Economic Forum 2016

According to him the agency is making preparations in compliance with the relevant Russian law that was adopted last year.

"We know that Russia very much needed ratings Dagong," he said adding that the agency hopes to set up its division in Russia that has its own methods of assessment. The most important is to ensure that those methods satisfy Russia’s needs in assessments, he said.

The conversation took place at the St. Petersburg International Economic Forum (SPIEF), which is the most important annual economic conference in the Russian Federation. Since 1997 SPIEF offers a venue where heads of states, finance ministers, heads of Russian and foreign companies, financiers and scientists meet to discuss economic issues Russia and the markets of developing countries are facing.

The Dagong Global Credit Rating agency was established in 1994, all its ratings are recognized by the Chinese government.

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China SPIEF 2016

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