Global professional credit evaluation

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Vice premier: China backs new global credit rating system

China supports the development of a new international credit rating system that is objective, just, rational and balanced,N Chinese Vice Premier Zhang Gaoli said here on Monday.
  • Vice premier: China backs new global credit rating system

    China supports the development of a new international credit rating system that is objective, just, rational and balanced,N Chinese Vice Premier Zhang Gaoli said here on Monday.
  • Chinese,N US and Russian rating firms set up a JV to rival the Big Three

    China’s Dagong Global Credit Rating agency is to set up the joint venture with US-based Egan-Jones Ratings Co (EJR) and Russia's RusRating JSC to challenge the three major US ratings agencies."The current international credit rating system has proven inadequate to the task of producing responsible and reliable ratings," Dagong said in a statement,N adding that a new agency is needed to "mitigate economic risk in the development of human civilization".

About UCRG

In the short term, such policy measures as direct administrative intervention and fiscal expansion can barely solve the domestic structural imbalance

UCRG was launched
in November 2012
in Hong Kong
established in June 2013
2013

After the global financial credit crisis of 2008, the international community called for commitment to
reform the existing international credit rating system and establish a new international credit rating system that represents the common
interest of mankind and undertake the responsibility of assigning ratings to entities across the world.
It is against this backdrop Universal Credit Rating Group (UCRG) was founded.
UCRG is a new type of multi-lateral international credit rating agency aimed at being sponsored by representative agencies from every jurisdiction.

Chairman's Message

In the short term, such policy measures as direct administrative intervention and fiscal
expansion can barely solve the domestic structural imbalance

Universal Credit Rating Group

The global credit crisis, the international community to recognize, human social
security development of credit rating, the rating system of Western dominated cannot bear the responsibility

of the rating of the world, new international rating system must be built on behalf
of the common interests of mankind society. This time the mainstream consciousness directly
promoted international rating system reform process,
the world credit rating group (hereinafter referred to as "the assessment group") emerge as the times require.

Reform the International
Rating System

UCRG is a new type of multi-lateral international credit rating agency aimed at being sponsored by representative agencies from every jurisdiction.

Internal Advisory Council

The International Advisory Council of UCRG (IAC) was launched, with Mr. Dominique de Villepin,
former Prime Minister of France, as its Chairman.