There are five major credit rating agencies in my country: Oriental Jincheng International Credit Rating Co., Ltd., China Chengxin, United, Dagong International Credit Rating Co., Ltd., and Shanghai New Century Credit Rating Investment Service Co., Ltd.

1. Oriental Jincheng International Credit Rating Co., Ltd. has a registered capital of RMB 125 million, has established 26 branches across the country, and wholly owns a professional data company, Beijing Oriental Jincheng Data Consulting Co., Ltd., which operates in China.

One of the credit rating agencies with the strongest capital strength, it is the only state-owned rating company among the five agencies, and its actual controller is the Ministry of Finance.

2. China Chengxin is divided into China Chengxin International Credit Rating Co., Ltd. and China Chengxin Securities Rating Co., Ltd., both of which have the qualifications of the National Development and Reform Commission, the China Securities Regulatory Commission and the People's Bank of China.

We have developed dozens of credit rating services, including corporate bond ratings, short-term financing bond ratings, medium-term note ratings, convertible bond ratings, credit enterprise ratings, insurance company ratings, trust product ratings, money market fund ratings, asset securitization ratings,

Corporate governance ratings, etc.

3. Lianhe is divided into Lianhe Credit Rating Co., Ltd. and Lianhe Credit Rating Co., Ltd., both of which have the qualifications of the National Development and Reform Commission, the China Securities Regulatory Commission and the People's Bank of China.

Lianhe Credit Information is headquartered in Beijing with a registered capital of 30 million yuan.

4. Dagong International Credit Rating Co., Ltd. Dagong International Credit Rating Co., Ltd. (referred to as "Dagong") is a professional institution for China's credit rating and risk analysis research, and is a major service provider of China's credit information and decision-making solutions to the world.

It was established in 1994 with the approval of the People's Bank of China and the State Economic and Trade Commission.

As the most influential founder of China's credit rating industry and market, Dagong has all the qualifications for Chinese government franchising and is an authoritative institution recognized by China to conduct credit rating assessments for all companies that issue bonds.

5. Shanghai New Century Credit Rating and Investment Service Co., Ltd. Shanghai New Century Credit Rating and Investment Service Co., Ltd. is an intermediary agency specializing in credit services such as bond rating, corporate credit rating, corporate credit reporting, property credit reporting, and corporate credit management consulting.

The company was established in July 1992. Its main shareholders include China Financial Education Development Foundation, Shanghai University of Finance and Economics, Shenergy (Group) Company, etc.