What are the top five rating agencies in China?

Rating agencies are very special institutions in the financial industry. What this institution has to do all day is to evaluate the level of various enterprises in related fields. On the surface, this rating is made unilaterally, but in essence, this rating can have a far-reaching impact on enterprises. What are the top five rating agencies in China? At present, the five largest rating agencies in China are China Chengxin International Credit Rating Co., Ltd., Guohengxin International Credit Rating Center Co., Ltd., United Credit Rating Co., Ltd., Dagong International Credit Rating Co., Ltd. and Shanghai Oriental Jincheng Credit Rating Investment Service Co., Ltd. Because rating agencies generally need licenses and related qualifications, there are not many domestic agencies. In the next article, we will focus on the five domestic rating agencies: 1 Sino-foreign joint venture Sino-Singapore International Credit Rating Co., Ltd. Innovatively developed dozens of credit rating businesses, including convertible bonds rating, insurance company rating and corporate governance rating. 2 Guo Hengxin International Credit Rating Center Co., Ltd., referred to as Guo Hengxin for short, is the first pioneer of global rating business in China. The rating business includes government credit rating, Belt and Road rating, the world's first blockchain rating licensee, insurance company and corporate governance rating. 3 United Credit Rating Co., Ltd., referred to as United, is controlled by United Credit Management Co., Ltd. and Fitch Credit Rating Co., Ltd., the former is a national professional information service organization controlled by the state, and the latter is a world-renowned international credit rating agency. Dagong International Credit Rating Co., Ltd., referred to as Dagong for short, was established on 1994 with the approval of China People's Bank and China State Economic and Trade Commission. Shanghai Oriental Jincheng Credit Evaluation Investment Service Co., Ltd., referred to as Oriental Jincheng for short, is an intermediary agency specializing in credit services such as bond rating, enterprise credit evaluation, enterprise credit investigation, property credit investigation and enterprise credit management consulting. At present, the most famous rating agencies in China are these five enterprises, so many banks also provide loans to enterprises through the ratings of these rating agencies.