CITIC Group Delegation Conducts Research Visit to Anrong Rating
On June 5th, a six-member research delegation from China CITIC Group Corporation, led by Mr. Yue Xuekun, Equity Director of CITIC Group, visited AnRong Credit Rating Co., Ltd. (referred to as “Anrong Rating”) Beijing headquarters for a research exchange. The meeting was attended by Ms. Lu Dan, Director and President of Anrong Rating; Mr. Zhou Yuanfan, Executive Director and RO of AnRong (Hong Kong) Credit Ratings Co., Ltd. (ARHK); Mr. Wang Fan, Director and Vice President; and other executives. Both parties held in-depth discussions on topics including credit rating agencies (CRAs)’ implementation of national strategies, development of forward-looking analytical perspectives, and enhancing the quality and efficiency of Chinese CRAs’ international services.
At the outset, President Lu Dan extended a warm welcome to the CITIC delegation. She briefly introduced Anrong Rating’s development history, core businesses, and global footprint, emphasizing Anrong Rating’s positioning as an international research-oriented credit rating agency. As one of the eight major global CRAs, she expressed Anrong Rating’s commitment to deepening collaboration with CITIC Group to jointly explore pathways for Chinese CRAs’ internationalization under new development paradigms.
Mr. Yue Xuekun acknowledged Anrong Rating’s professional expertise and achievements, highlighting CITIC Group’s diversified presence across finance and industrial sectors. With operations in over 150 countries, CITIC has consistently advanced high-quality "Going Global" initiatives since China’s reform and opening-up, promoting the international expansion of its products, services, and technologies. Concurrently, it facilitates high-level "Bringing In" efforts to attract foreign new quality productive forces, medium-to-long-term capital, and advanced management expertise. He underscored credit ratings’ critical role in bond issuance, asset allocation, resource integration, and risk management. As China’s economic strength grows, both parties should strengthen collaboration in serving the Belt and Road Initiative (BRI) and "Going Global" strategies to jointly enhance international market capabilities.
Executive Director Zhou Yuanfan shared ARHK’s practical experience in advancing internationalization by leveraging opportunities like the BRI and RMB internationalization. He affirmed regulatory support for Chinese CRAs’ global expansion, stressing that RMB internationalization is a prerequisite for Chinese CRAs’ global presence and that expanding the panda bond market is an effective pathway to achieve both RMB internationalization and CRAs’ overseas growth.
In closing, Mr. Yue Xuekun noted that the visit laid a solid foundation for future collaboration. He urged Anrong Rating to adopt a macro vision with actionable steps ("big-picture perspective, detailed execution"), aspiring to become a "disciplined and confident force", "pioneering breakthrough force", "benchmark-setting vanguard", and "neutral and just force", further advancing its global rating services.
Heads of Anrong Rating’s Data Center, Rating Model Development Team, R&D Department, and HR Department attended the meeting, presenting on the company’s rating databases, models, and research outputs. The research session concluded in a pragmatic and efficient atmosphere. Both parties agreed to establish a regular communication mechanism to jointly promote the high-level, high-quality, and internationalized development of China’s credit rating industry.