According to the announcement on the website of the central bank, recently, the People's Bank of China issued the Notice on Preparing for Personal Credit Information Service, requiring eight institutions (list attached) including Sesame Credit Management Co., Ltd. and Tencent Credit Information Service Co., Ltd. to prepare for personal credit information service. The preparation time is six months.
The notice stressed that the above-mentioned institutions should be prepared and improved in strict accordance with the Regulations on the Administration of Credit Information Industry and the Measures for the Administration of Credit Information Institutions, so as to meet the requirements of relevant laws and regulations and effectively comply with laws and regulations.