PBOC Makes Creation of “Credit System Covering All of Society” a Core Development Goal

118

The Chinese central bank has outlined its near-term work goals for China’s domestic credit assessment system.

On 22 June the People’s Bank of China (PBOC) convened its 2020 Credit Work Teleconference Meeting (2020年征信工作电视电话会议), which highlighted the “creation of a credit system covering all of society” as the “core development goal” for its credit operations.

PBOC’s 2020 credit work will include “driving improvements to the social credit system and expediting the sharing of enterprise credit information,” as well as the “full use of new technology and new methods to strengthen credit information security.”

PBOC also said that it would continue to “drive external opening of the credit assessment market,” “establish a healthy credit assessment quality assessment system on the foundation of improvements to the registration system,” and “actively drive unified registration of movable asset financing.”

Related stories

PBOC’s Credit Ref­er­ence Cen­tre En­ters Co­op­er­a­tive Agree­ment for Ac­counts Re­ceiv­able Fi­nanc­ing Plat­form

Ant Fi­nan­cial Launches Cor­po­rate Credit Rat­ing Com­pany

Na­tional Debt As­so­ci­a­tion of China Re­leases Self-reg­u­la­tory Guide­lines for Lo­cal Gov­ern­ment Bond Credit Rat­ings

LEAVE A REPLY

Please enter your comment!
Please enter your name here