CREDIT REPORTING IN CHINA

1
CREDIT REPORTING IN CHINA

• By FUJUN SHAO, Director General, Credit
  Information System Bureau, the Peoples Bank of
  China
• October, 2008, Brazil

2
Agenda

• Outline
• Achievements
• Prospects

3
I. Outline of Credit Reporting in China

• Government sponsored
• National Integrated Single Database
• Comprehensive information

4
II. Achievements in Chinas Credit Reporting

• Progress in Legislation
• Stable operation of the National Integrated
  Single Database for more than 2 years.
• Facilitate the Expansion of the Credit Market and
  Credit Risk Management
• Public Awareness of the Credit Reporting

5
Achievements in Legislation

• Provisional Rules on Management of Consumer
  Credit Information Database
• Provisional Rules on Management of Enterprises
  Credit Information Database
• Regulation on Credit Information Services

6
Stable Operation of the Database

• Operation of Consumer Credit Database
• Operation of Enterprise Credit Database

7
The Role of the Credit Database

• Facilitate the Expansion of the Credit Market
• Facilitate the Management of the Credit Risk

8
The Public Awareness

• Efforts made in Public Education
• Public Awareness of their Credit Files Increased
• Public Behavior Changed in Credit Market

9
III. Prospects of Credit Reporting in China

• Based on Chinas Circumstances
• Learning from the Best Practice in Other
  Countries
• Develop a Well-tailored Credit Reporting System
  in China

10
Thanks!

• Tel[phone]
• Fax[phone]
• Emailsfujun_at_pbc.gov.cn