HONG KONG, 15 June 2018. Pengyuan International (“PENGYUAN”) has today published its Global Non-Bank Financial Institutions (NBFI) Rating Criteria. These criteria are intended to cover a broad range of entities, which include finance companies, securities firms, investment managers and other issuers that fall under our NBFI definition.

Our framework follows a multi-step process that encompasses a wide range of qualitative and quantitative factors on a forward-looking basis. The myriad factors and sub-factors we analyze are grouped into four pillars, which form the basis of our risk evaluation. The four pillars are industry structural stability, enterprise risk management, capital formation and capital adequacy.

The criteria are effective immediately and no existing ratings have been affected.

For more details, please visit


Financial Institutions

Stanley Tsai, CFA

+852 3615 8340

Cyrus Chan

+852 3615 8319

Chief Analytics Officer

Tony Tang

+852 3615 8278


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