Currency converter
All news
News Search Topics
Use filter
You can filter your feed,
by choosing only interesting

China’s rating agency Dagong can work in Russia through subsidiary

July 14, 2017, 15:05 UTC+3 MOSCOW
1 pages in this article

MOSCOW, July 14. /TASS/. China’s Dagong rating agency will be able to work in Russia on condition of setting up a subsidiary, First Deputy Chairman of the Bank of Russia Sergey Shvetsov said on Friday on the air with Rossiya 24 TV Channel.

"The Russian legislation assumes a Russian rating agency’s rating is given by a legal entity registered in the territory of the Russian Federation irrespective of the shareholder. If Dagong decides to enter the Russian market, it should register a subsidiary here, undergo all procedures prescribed by law and will be eventually able to furnish such information," the banker said.

Dagong intends to open a representative office in Russia before 2017 year-end, chief executive of the rating agency Guan Jianzhong told TASS earlier.

Dagong Global Credit Rating agency was founded in 1994. All its ratings are recognized by the government of China.

Show more
In other media
Partner News