Baihang Credit Amasses Information on over 200 Million Individuals


Chinese credit agency Baihang Credit has posted a roaring increase in the number of individuals included within its data system.

As of 22 May 2021 Baihang had collected information on over 200 million individuals, for an increase of 135% compared to the same period last year.

Over 20 types of financial institutions have served as sources of lending data, including China’s big state-owned banks as well as national joint-stock banks, municipal commercial banks, rural commercial banks, private banks, rural county banks, consumer finance companies, vehicle finance companies, micro-loan companies and financial leasing firms.

Baihang said that as of 22 May it had entered cooperation with a total of 2084 financial institutions in China. The agency currently provides the market with 28 credit products, including ratings products, loan conduct labels, joint loan early alerts, consumer conduct indices, and client white lists when it comes to individuals, covering the entire lending process.

Credit products for micro and small-enterprises include data sharing, risk recognition, operations analysis and solution plans.

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 obtained an enterprise credit rating license in July 2020, making it the only organisation in China with permissions to engage in both personal and enterprise credit rating operations.