Lianhe Global: Your Trusted Chinese Rating Agency, Bridging Local Insights with Global Standards

Founded in Hong Kong in 2017, Lianhe Ratings Global Limited (“Lianhe Global”) is a Type 10 licensed corporation by the Hong Kong Securities and Futures Commission (HKSFC), providing international credit rating services to corporates and their debt issuance. Lianhe Global operates as a wholly-owned subsidiary of China Lianhe Credit Rating Co., Ltd. (“Lianhe Ratings”), a top 2 largest rating agency in China, covering over 4,000 debt issuers and 8,000 debt instruments onshore.

As of the end of June 2025, Lianhe Global has published over 270 issuer ratings and 200 issuance ratings since its inception, with a total rated amount exceeding USD 40 billion or equivalent, representing approximately 60% of the market share for offshore bonds rated by Chinese international rating agencies. We also focus on developing new products, including digital bond ratings, money market fund ratings, and etc.

Lianhe Global is an international rating agency with a significant presence in China. Our strong ties to Lianhe Ratings provide access to a robust network of local investors, investment bankers, and debt issuers. Leveraging our decade-long partnership with Fitch Ratings, we are dedicated to upholding international rating standards and practices. Each member of our senior management team brings over a decade of experience from the Big 3 international credit rating agencies and/or leading investment banks. We provide a localized perspective on ratings with the use of international rating language.

Recognized as the Best Chinese international rating agency by various renowned financial media such as Euromoney Group, FinanceAsia, CorporateTreasurer, Dealing Matrix International, and The Asset, Lianhe Global aims to enhance the competitiveness of homegrown Chinese rating agencies on the global stage, extending beyond China in the international capital market.

Since its establishment in Beijing in 2000, China Lianhe Credit Rating Co., Ltd. (“Lianhe Ratings”) has equipped itself with all licences and qualifications to engage in the China onshore credit rating services in the interbank and exchange markets. Lianhe Ratings is 31% owned by Tianjin Municipal SASAC, 31% by Mr. Shaobo Wang, and 24% by the Government of Singapore Investment Corporation (GIC), operating at the intersection of government involvement, local entrepreneurship, and international investment.

As a top 2 largest onshore rating agency in China, Lianhe Ratings employs over 200 senior rating analysts covering more than 4,000 debt issuers and 8,000 debt instruments onshore, maintaining over 30% market share for many years. Leveraging the strategic partnership with Fitch Ratings from 2007 to 2017, Lianhe Ratings have developed rigorous rating methodology and process aligned with international rating standards, rapidly growing into a trusted name among both Chinese and international investors.

Besides credit rating services, Lianhe Ratings also specializes in credit risk intelligence offerings including 3C credit scoring system, credit data collection, credit risk management consultation and professional training.