Baihang Credit (百行征信)

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    Baihang Credit (百行征信) is China’s first licensed market-based personal credit agency and operates under the supervision and guidance of the Chinese central bank, being the People’s Bank of China (PBOC).

    Baihang was established by the National Internet Finance Association of China (NIFA) on 19 March 2018 in conjunction with eight other parties including:

    •  Zhima Credit (芝麻信用)- a wholly invested subsidiary of Ant Financial,
    • Tencent Credit (腾讯征信),
    • Qianhai Credit (前海征信), a subsidiary of Ping An Group,
    • Kaola Credit (考拉征信),
    • Pengyuan Credit (鹏元征信),
    • CCX Credit Technology (中诚信征信),
    • Intellicredit (中智诚征信),
    • Sinoway Credit (华道征信).

    Baihang Credit was launched in response to the rapid growth of the internet and online personal finance in China, as well as the rapid accumulation of personal information by P2P platforms and other online lenders.

    In 2015 the People’s Bank of China gave its approval to eight companies, including Sesame Credit and Tencent Credit, to commence preparations for personal credit operations.

    Given concerns that these companies would lack third party independence or seek to divvy up market information, authorities subsequently pushed for the establishment of Baihang Credit with the goal of providing full coverage of credit information and encompassing the credit blind spots of traditional financial institutions.

    NIFA holds a 36% stake in Baihang Credit, with its eight other partner companies each holding an 8% share.

    The company’s headquarters are situated at 1006 Shennan Avenue, in the Futian district of Shenzhen municipality, Guangdong province.

    Its current director is Zhu Huanqi (朱焕启).

    On 13 July the Shenzhen office of the People’s Bank of China (PBOC) announced that it had completed filing to allow Baihang Credit (百行征信有限公司) to undertake enterprise credit operations.

    The move made Baihang Credit the only credit agency in China to hold licenses to engage in both personal and enterprise credit rating operations.

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