Baihang Credit Amasses Data on 130 Million Borrowers in China


Chinese credit agency Baihang Credit has just released figures on its data holdings as of the end of the first half of 2020.

Data from Baihang Credit indicates it expanded the number of financial institutions working with its database system to 1768 in total as of 30 June.

Nearly 1000 organisations have executed data integration sharing agreements with Baihang Credit, providing over 2.4 billion loan records and bringing the number of individuals covered by its personal credit system to over 130 million.

Bai­hang Credit 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).

The agency was first established in by the Na­tional In­ter­net Fi­nance As­so­ci­a­tion of China (NIFA) on 19 March 2018 in con­junc­tion with eight other par­ties in­clud­ing Alibaba’s Zhima Credit and Tencent’s Tencent Credit.

The agency recently obtained an enterprise credit rating license, making it the only organisation in China with permissions to engage in both personal and enterprise credit rating operations.

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