Dagong Europe Credit Rating

[3] It is the first entity to have applied for registration as a CRA with shareholders from the People's Republic of China.

[4] It is recognized by the Joint Committee of the three European Supervisory Authorities (EBA, ESMA and EIOPA – ESAs) as External Credit Assessment Institutions (ECAI) operating in the European Union.

In December 2016, Dagong Europe opened its branch office in Frankfurt, Germany.

[3] The parent company stated that it has used "dialectical materialism" as part of its evaluative approach.

[5][6] In 2018, the parent company's operations were suspended following accusations of corruption and doctored ratings in exchange for fees.