The development of China's credit information industry has a history of more than 80 years since 1932, when the first credit information agency, China Credit Information Office, was born.
But its real development began with reform and opening up. Since the reform and opening up, with the development and expansion of domestic credit transactions, the deepening of financial system reform, the increase of foreign economic exchanges and the deepening of social credit system construction, China's credit information industry has developed rapidly.
From 65438 to 0996, the People's Bank of China implemented the enterprise loan voucher system throughout the country. From 65438 to 0997, Shanghai launched corporate credit rating. With the approval of the People's Bank of China, Shanghai conducted a pilot project of personal credit investigation, and Shanghai Credit Investigation Co., Ltd. was established 1999, and began to engage in personal credit investigation and corporate credit investigation services.
At the end of 1999, the bank credit registration and consultation system was put into operation. In 2002, the bank credit registration and consultation system was built into a three-level database of prefecture, province and head office, realizing nationwide online inquiry.
In the late 1980s, in order to adapt to the issuance and management of corporate bonds, the People's Bank of China approved the establishment of the first credit rating company-Shanghai Far East Credit Rating Co., Ltd.
At the same time, in order to meet the demand for enterprise credit information in foreign-related business dealings, the calculation center of MOFTEC cooperates with Dunbar Company, an international enterprise credit reporting agency, to provide credit reports of Chinese and foreign enterprises to each other. 1993, Xinhua Xin International Information Consulting Co., Ltd., which focuses on corporate credit reporting, began to provide services officially. Since then, a number of professional credit reporting intermediaries have appeared one after another, and the embryonic form of the credit reporting industry has initially appeared.
Shanghai, Beijing, Guangdong and other places have taken the lead in launching the pilot development of regional social credit information industry. A number of local credit reporting agencies have been established and developed rapidly. Some credit rating agencies have begun to explore new credit service fields such as credit rating in the inter-bank bond market, and internationally renowned credit rating agencies have successively entered the China market.
In 2004, the People's Bank of China established a national centralized and unified basic database of personal credit information, and in 2005, the bank credit registration and consultation system was upgraded to a national centralized and unified basic database of enterprise credit information.