Saturday, January 23, 2021
Tags Chinese credit system

Tag: Chinese credit system

Pengyuan Credit Hit with Record Penalty by Chinese Central Bank for Unlicensed Operation

The People's Bank of China (PBOC) has hit a leading Chinese credit agency with a record-breaking penalty for unlicensed business activity.

“Substitute Data,” Blockchain and Big Data Play Key Role in Creation of Society-spanning Credit System: Chinese Central Bank

The People's Bank of China (PBOC) has stressed the importance of alternative data sources in its efforts to create a unified credit...

Baihang Credit Becomes Only Credit Agency in China to Hold Both Personal and Enterprise Credit Licenses

On 13 July the Shenzhen office of the People's Bank of China (PBOC) announced that it had completed filing to allow Baihang...

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

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

Chinese Central Bank Plans to Launch Second Generation Personal Credit System in Late January

Sources from the People's Bank of China (PBOC) have indicated that it plans to launch its "second generation" personal credit system by...

Chinese Central Bank Plans to Upgrade Credit System with Integration of Business and Personal Data

The Credit Reference Center (CRC) of the People's Bank of China (PBOC) has issued a circular flagging acceleration of system upgrades.

Baihang Credit Seeks Deeper Cooperation with Alibaba and Tencent

China's personal credit agency is in discussions with two of the country's top tech giants to launch cooperative relations.

P2P Lending Platforms to Be Fully Incorporated into Chinese Central Bank’s Credit System

Financial regulators have unveiled plans to incorporate P2P lending platforms into China's credit system as part of efforts to address problems with...

State Council Proposes New Credit Repair Mechanisms for Market Entities

The Chinese central government has released new opinions that outline mechanisms for the restoration of the credit status of impaired market entities....

PBOC Touts Creation of World’s Largest Credit Information System in Just Three Decades

The credit information resources of the Chinese economy have seen roaring growth since the establishment of the first independent credit agency little...

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Users of Everbright’s Cloud-Driven Utilities Payment Platform Exceeded Half a Billion in 2020

China Everbright Bank has seen users of its cloud-based utilities payments service surge in 2020, as the COVID-19 pandemic drove sharp gains...

China Unlikely to See Real Estate Loan Rates Decline in 2021 as LPR Holds Steady for Ninth Month Straight

Domestic analysts say that Chinese banks are unlikely to significantly reduce rates for real estate loans in 2021, as regulators continue to...

Chinese Central Bank Unveils Anti-Trust Measures Permitting Break up of Third-Party Payments Platforms

The People's Bank of China (PBOC) will have the power to recommend the dismantling of third party payments platforms under new measures...

Pinduoduo Owner Applies for Payments Trademark

A major shareholder in NASDAQ-listed agricommerce platform Pinduoduo has applied with Chinese authorities to register a Pinduoduo-related payments trademark.