Anrong Rating Invited to Visit KAPITALBANK in Uzbekistan
On January 23, 2025, at the invitation of KAPITALBANK of Uzbekistan, AnRong Credit Rating Co., Ltd. (referred to as “Anrong Rating”) and AnRong (Hong Kong) Credit Ratings Co., Ltd. (ARHK) paid a friendly visit to KAPITALBANK of Uzbekistan.
Mr. Hu Chao, RO of AnRong (Hong Kong) Credit Ratings Co., Ltd., and Mr. Zeng Zhengxin, General Manager of the Shenzhen Branch of AnRong Credit Rating Co., Ltd., held productive discussions with Mr. Sardor Ismailov, First Vice Chairman of KAPITALBANK, and Mr. Konstantin Tyan, Vice Chairman of the Bank's Board of Directors. Mr. Zeng Zhengxin expressed his sincere gratitude for the invitation from KAPITALBANK and provided a detailed overview of the development of China's bond markets, the evolution of China's credit rating market, the history of AnRong Rating, and its potential role in the "Belt and Road" initiative. Mr. Hu Chao elaborated on AnRong Rating's Sovereign Credit Rating Methods, System, and Models, as well as its Banking Industry Credit Rating Methods, System, and Models, highlighting the role and significance of credit ratings in international financial cooperation and global trade. Both parties also engaged in in-depth exchanges and discussions on several hot topics in the current international bond markets and the global credit rating industry.
Mr. Hu Chao, RO of Anrong (Hong Kong) Credit Ratings Co., Ltd., introduced Anrong Rating’s Banking Industry Credit Rating Methods, System, and Models to the inviting party (Photographed in Tashkent on the morning of January 23rd, 2025)
As of now, KAPITALBANK has engaged in business cooperation with multiple Chinese banks, with a particular focus on the practical application of rating reports in future collaborations. Additionally, the two sides held in-depth discussions on specific professional matters, such as rating timelines, rating fees, and the quality of ratings.
From January 23rd to 25th, 2024, at the invitation of President Xi Jinping of the People's Republic of China, President Shavkat Miromonovich Mirziyoyev of the Republic of Uzbekistan paid a state visit to the People's Republic of China. The two heads of state held talks in a warm and friendly atmosphere, exchanging in-depth views on China-Uzbekistan relations, further deepening comprehensive cooperation between the two countries, and discussing international and regional issues of mutual concern, reaching broad consensus. Both sides highly appreciated the "Joint Statement of the People's Republic of China and the Republic of Uzbekistan" signed on May 18th, 2023, in Xi'an, and the "Development Plan for the Comprehensive Strategic Partnership Between the People's Republic of China and the Republic of Uzbekistan for the New Era (2023–2027)." Both China and Uzbekistan are committed to taking the opportunity of entering a new stage of high-quality development under the Belt and Road Initiative to further deepen and expand cooperation in the fields of economy, trade, investment, and technological innovation. They will actively explore feasible paths to realize the liberalization and facilitation of bilateral trade, thereby laying a solid foundation for a comprehensive strategic partnership. Both sides reaffirmed their willingness to closely collaborate within the framework of the Green Silk Road, with particular emphasis on green financing, green technologies, smart agriculture, water-saving technologies, desertification prevention, and soil degradation.
Anrong Rating has always actively responded to the national "Going Global" and "Belt and Road" initiatives. This exchange is expected to promote pragmatic cooperation between Anrong Rating and KAPITALBANK in the field of credit rating, contributing to the high-quality development of economic cooperation between China and Uzbekistan under the Belt and Road initiative, and adding new dimensions to the cooperation.
Group photo of the attending representatives
(Photographed in Tashkent on the morning of January 23rd, 2025)
KAPITALBANK was founded in April 2001 and is currently one of the largest commercial banks in Uzbekistan. The bank focuses on retail banking and has achieved significant growth in its services to corporate clients and small and medium-sized enterprises. KAPITALBANK is also committed to strengthening cooperation with international financial institutions and correspondent banks, as well as attracting long-term financial resources to support investment projects. With its advanced technology and excellent services, KAPITALBANK has earned a wide reputation and has become one of the most reliable and financially stable banks in Uzbekistan.
