Friday, April 23, 2021
Tags Chinese credit system

Tag: Chinese credit system

China to Tighten Regulatory Scrutiny of Credit Ratings Sector

The Chinese central government has flagged further tightening of regulation surrounding providers of credit ratings.

Chinese Central Bank’s Credit Reference Center Amasses Data on over 1.1 Billion People

The Credit Reference Center (CRC) of the People's Bank of China (PBOC) says it has amassed credit information on more than one...

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...

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The total assets of the Chinese banking sector saw an increase of over 9% at the end of the first quarter of...

20 Chinese Companies Pursue US Listings in First Quarter of 2021, Funds Raised Surge over 10-Fold Despite Sino-US Tensions

The first quarter saw a precipitous surge in funds raised by Chinese companies opting to list in the US, despite ongoing tense...

National Fiscal Revenues in China Rise over 24% in First Quarter

China's national fiscal revenues surged in the first quarter of 2021, as the economy continues to recover from the initial impacts of...

Singapore’s DBS Bank Plans to Grab Biggest Stake in Leading Shenzhen Lender

Singaporean multinational lender DBS Bank has unveiled plans to acquire over a tenth of equity in a major lender in the Shenzhen...