Good News! Anrong Ratings Officially Becomes a Member of the International Capital Market Association (ICMA)

On February 27^th, 2025, Anrong Credit Rating Co., Ltd. (hereinafter referred to as "Anrong Ratings") officially became a member of the International Capital Market Association (ICMA).

It is reported that, following a thorough evaluation process, the ICMA Membership Committee approved Anrong Ratings' membership application on February 27^th, 2025. This significant milestone highlights Anrong Ratings' professional expertise and industry recognition in the international capital market. Moreover, it presents a valuable opportunity for the company to further expand its international cooperation and strengthen its global presence.

To date, five leading domestic credit rating agencies have joined ICMA, which are Anrong Ratings, DAGONG GLOBAL CREDIT RATING CO., LTD, China Lianhe Credit Rating Co., Ltd., China Chengxin International Credit Rating Co., Ltd., and CSCI Pengyuan Credit Rating Co., Ltd.

List of Domestic Credit Rating Agencies that have Joined ICMA(As of February 2025)

Note: Sorted by the first letter of the company name in Chinese Pinyin

The International Capital Market Association (ICMA) was established in 1968 and is headquartered in Zurich, Switzerland. It is one of the most influential industry organizations in the global capital market. As a peer association that has grown alongside the international capital market, ICMA's market conventions and industry guidelines have become pillars of the international bond market. Its industry standards and market practices are widely adopted globally, and ICMA membership not only signifies international market recognition but also symbolizes professional authority.

List of International Credit Rating Agencies that have Joined ICMA

As of now, ICMA's membership includes over 600 renowned financial institutions worldwide, such as the Federal Reserve, Bank of England, World Bank, Euroclear, Goldman Sachs, J.P. Morgan, Citibank, HSBC, Barclays, Deutsche Bank, Reserve Bank of Australia, Reserve Bank of New Zealand, Department of Finance (Philippine), the Bangko Sentral ng Pilipinas (BSP), Indonesia Stock Exchange, Otoritas Jasa Keuangan (OJK), State Bank of India, Axis Bank, ANZ, DBS, OCBC, Maybank, CIMB, Nomura Securities, MUFG Bank, S&P Global Ratings, Moody’s Ratings, and Fitch Ratings.

List of International Financial Institutions that have Joined ICMA

ICMA has established regular cooperation with regulatory authorities in China, including the People’s Bank of China and the China Securities Regulatory Commission. ICMA was the first international industry organization to sign an agreement with the National Association of Financial Market Institutional Investors (NAFMII) after its establishment. Additionally, the Asian Infrastructure Investment Bank (AIIB) and the New Development Bank (BRICS Bank) joined ICMA at their inception. As of now, a number of Chinese financial institutions have become ICMA members, such as Shanghai Clearing House, Shanghai Stock Exchange, Shenzhen Stock Exchange, China Securities Depository and Clearing Corporation Limited, Hong Kong Exchanges and Clearing Limited (HKEX), the China Foreign Exchange Trade System & National Interbank Funding Center, the China Central Depository & Clearing Co., Ltd., Bank of China, Industrial and Commercial Bank of China, China Construction Bank, CITIC Securities, China International Capital Corporation (CICC), China Securities (CSC), Huatai Securities, Bank of Tianjin, and the Silk Road Fund.

List of Domestic Financial Institutions that have Joined ICMA

As a leading credit rating agency in China, Anrong Ratings is committed to providing independent, objective, and impartial credit rating services. With the accelerating integration of global financial markets, the rules, standards, and best practices of international capital markets are increasingly shaping the internationalization and professionalization of the credit rating industry. The successful admission into ICMA not only reflects the recognition of Anrong Ratings' professional capabilities by the international capital markets but also strengthens its competitiveness on the global stage. Moving forward, Anrong Ratings will leverage ICMA’s professional support and industry resources to establish closer connections with top financial institutions worldwide, actively participate in and contribute to the development of international capital markets.