PBoC to promote the second-generation credit reporting system

On July 10, the Head office of the People’s Bank of China in Shanghai held a conference guiding the management of Shanghai’s credit reporting system in 2020, which required all the relevant agencies to fulfill the year’s tasks as required with high quality and efficiency, especially the following six tasks.

On July 10, the Head office of the People’s Bank of China in Shanghai held a conference guiding the management of Shanghai’s credit reporting system in 2020, which required all the relevant agencies to fulfill the year’s tasks as required with high quality and efficiency, especially the following six tasks.

First, the relevant agencies should strengthen the compliance management of credit investigation and prevent the risk of credit information leakage.

Second, the relevant agencies should properly handle the credit complaints in accordance with the law, and protect the owner’s legitimate rights and interests.

Third, the relevant agencies should guarantee the quality of the credit data and the security of the information by promoting the construction of the second-generation credit reporting system.

Fourth, the relevant agencies should improve the financial services as well as the credit systems for small and medium-sized enterprises and the rural areas.

Fifth, the relevant agencies should make the standards for credit rating services, and strengthen the security management of information.

Sixth, the relevant agencies should promote the financing service platform of the account receivable to serve the development of the real economy.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/07/20/pboc-to-promote-the-second-generation-credit-reporting-system/.

Leave a Reply

Please Login to Comment