Dagong Global Credit Rating Co was ordered to suspend domestic services for a year. Photo: Reuters

Chinese credit rating agency Dagong suspended after cash-for-ratings probe

Watchdog orders firm to cease domestic services for a year after it was found to have compromised its independence by charging excessive fees

Topic | China economy

Orange Wang

Published: 5:34pm, 18 Aug, 2018

Updated: 10:06pm, 18 Aug, 2018

Dagong Global Credit Rating Co was ordered to suspend domestic services for a year. Photo: Reuters

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Orange Wang

Orange Wang covers the Chinese macroeconomy, and has many years of experience with China's monetary and fiscal policy moves. He also covered global market and financial news for a long time, with a particular focus on new technologies and their influences on economic growth and society. Before joining the South China Morning Post, Orange worked as a Shanghai Correspondent for ET Net, a Hong Kong financial news agency.