The construction of China's credit information system can be traced back to the early 1930s. On June 6th, 1932, China Credit Information Office, the first credit information agency in China, was established in Shanghai, marking the beginning of credit information industry in China. This institution was founded by five banks including Zhejiang Industrial Bank, and the information collected was relatively simple, mainly serving the enterprises at that time. It is said that the agency is still operating in Taiwan Province province.
It has been more than 80 years since the earliest credit reporting agency in China appeared. However, since the reform and opening up, China's credit information industry has entered a real stage of development. Throughout the course of the industry, the development of China's credit information industry can be roughly divided into the following four stages:
1. Exploration stage: late 1980s-1995.
In the late 1980s, in order to adapt to the issuance and management of corporate bonds, Shanghai Far East Credit Rating Co., Ltd., the first credit rating company in China, was established. 1988. 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.
Established in 1992, China Chengxin International Credit Rating Co., Ltd. is the first socialized professional credit rating agency in China. In the past ten years, it has innovated and developed dozens of credit rating businesses, including corporate bond rating, short-term financing bill rating, medium-term bill rating, convertible bond rating, credit enterprise rating, insurance company rating, trust product rating, money market fund rating, asset securitization rating, corporate governance rating, etc. Since then, a number of professional credit intermediaries have been established.
Second, the initial stage: 1996-2002
During this period, with the rapid development of China's economy and the initial formation of commodity "buyer's market", the scale of bank credit and commercial credit has been expanding, and the market demand for credit information has been increasing objectively, thus accelerating the development of China's credit information industry. At present, the People's Bank of China and government agencies have made a large-scale layout in the field of credit reporting.
From 65438 to 0997, China People's Bank began to build a bank credit registration consulting system. The bank reported the enterprise loans to the People's Bank of China and entered them into the credit registration and consultation system. When an enterprise lends money to other banks, the banks can check with the People's Bank of China system to prevent multi-head lending and fraud. The system is regarded as the predecessor of enterprise credit information system by the industry.