China Rating Companies Say Honesty Doesn’t Pay as Risks Ignored

Updated on

Guan Jianzhong, chairman of Dagong Global Credit Rating Co.

Photographer: Nelson Ching/Bloomberg

Dagong Global Credit Rating Group’s chairman says some of China’s debt rankings are “useless” and pose a risk to the world’s second-largest economy. Its biggest local rivals agree the industry needs tighter regulation.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.