From 65438 to 0999, China People's Bank approved Shanghai Credit Information Co., Ltd. to pilot personal credit information service, which started the journey of personal credit information in China. In 2004, the central bank began to organize the establishment of personal credit information system, and it was officially put into operation in the whole country on June 5438+ 10 in 2006, marking the completion of the initial construction of personal credit information in China. In 20 18, People Credit Information Co., Ltd. obtained the first personal credit information license in China, marking the beginning of market-oriented operation of China's personal credit information market.
Participants in China's personal credit information market
There are two main types of participants in China's personal credit information market, one is the credit information system, and the other is the market-oriented credit information institutions. Credit information system refers to the Credit Information Center of China People's Bank; At present, there are only two market-oriented credit information agencies, Baixing Credit Information and Park Dao Credit Information.
At present, China's personal credit information market has formed a development pattern with the central bank's credit information system as the main body and market-oriented credit information institutions as the supplement. China's personal credit information market is still in the cultivation stage.
Personal Credit Information of Credit Information Center of China People's Bank
-Construction of personal credit information system in the credit information center of the central bank.
The credit information system of China People's Bank is the largest in the world. By the end of February 2020, the central bank's credit information system had collected the credit information of natural persons 165438+ billion times, and in 2020, personal inquiry reports reached 3 1665438+ billion times.
—— Types of enterprise credit information products in the credit information center of the central bank
The personal credit products of the Credit Information Center of the People's Bank of China are mainly personal credit reports, which record the identity information, personal basic information and credit transaction information, and the central bank continuously collects them through various channels such as commercial banks and branches of the People's Bank of China.
Types of credit information products of market-oriented institutions and enterprises
The types of personal credit products of market-oriented institutions include personal credit report, credit score, anti-fraud identification and other value-added services. This kind of information is mainly collected by market-oriented credit reporting agencies through cooperation with the government, major financial institutions and various enterprises for credit analysis. At present, the product types of market-oriented credit reporting agencies are not rich enough, mainly credit reports, and diversified products still need to be further developed.
Although the quality of personal credit reports of market-oriented institutions is uneven due to limited data sources, it is worth noting that the use of alternative data such as transaction data by market-oriented institutions will help promote the deepening development of China's personal credit reporting market.
—— The above data refer to the Analysis Report on Market Foresight and Investment Strategic Planning of China Credit Information Industry by Forward-looking Industry Research Institute.