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

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

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.