Home / Business / News Tools: Save | Print | E-mail | Most Read | Comment
Individual credit records to be built
Adjust font size:

The Beijing municipal government and the People's Bank of China are going to jointly build from 2008 an information network on individual business and personal credit records.

 

The information collection and construction of the credit record system in Beijing will be completed by 2010, the Beijing News reported on Sunday, and will include details of criminal records from police.

 

The Beijing municipal government will help the central bank to build the database, which will be shared among banks, municipal governmental branches in charge of public security, social security, taxation, and governmental employees' housing funds administration, the newspaper said.

 

Meanwhile, people could get their own credit information or endorse others with written documents to check the history for them.

 

Neither the government nor the bank disclosed the cost for building such a virtual reality system.

 

Only selected governmental authorities and financial institutions could get access to the individual credit database, an official with the Beijing Municipal Development and Reform Commission said, adding that credit history-related privacy will be strictly protected.

 

The government also said it is considering establishing some policy incentives, including preferable loan terms or taxation discounts, for businesses or people with good credit history, the newspaper reported.

 

Banks are among the primary beneficiaries of the establishment of a credit record network. China has roughly 31 million credit card holders, but issuers of the moment cannot get card holders' credit history via a universal network. Malicious evasion from loans leads to huge costs for banks every year.

 

In China, people can easily obtain credit cards by just submitting basic information such as names, jobs, salaries and contacts. Banks are unable to find out the credit history of first-time customers.

 

Liu Feng, a risks management specialist of the Agricultural Bank of China, said financial institutions urgently need credit records of individuals.

 

"It would not be difficult to digitize and share the financial information of customers among banks," Liu said, "but it'll be more helpful to banks for including other information, such as criminal record and taxation record, into the database."

 

"The combined information would sufficient describe fuller images of our customers," Liu said.

 

The scheduled credit record network, according to the plan of the municipal government, will include traffic violations of drivers, particular severe offense such as hit-and-run, and frauds of business people.

 

Inclusion of information other than financial status into the credit record database arouses debate.

 

A Chongqing lawyer said that negative personal information such as criminal records should not be included into people's credit records, which should largely be used for loans. The lawyer said such privacy should be strictly protected from being accessed by anyone other than law enforcement officials.

 

Mao Shoulong, a public administration professor at the Renmin University agreed that a combination of financial status with other personal backgrounds, like criminal records, would be helpful. He, however, said, "Alleged violations should not be recorded on people's credit history before their appeals to higher law enforcement bodies are completed."

 

(Xinhua News Agency December 10, 2007)

Tools: Save | Print | E-mail | Most Read
Comment
Pet Name
Anonymous
China Archives
Related >>
- Regulator seeks to rein in credit growth
- Consumer credit could more than quadruple in China
- State banks achieve higher credit ratings
- Beijing, PBC to establish credit innovations
Most Viewed >>

Nov. 1-2 Tianjin World Shipping (China) Summit
Nov. 7-9 Guangzhou Recycling Metals International Forum
Nov. 27-28 Beijing China-EU Summit
Dec. 12-13 Beijing China-US Strategic Economic Dialogue

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?
主站蜘蛛池模板: 日本三级在线视频| 欧美日韩国产乱了伦| 国产午夜亚洲精品国产| 浮力影院第一页| 国产高清在线精品一区二区三区 | 老师您的兔子好软水好多动漫视频 | 美女脱了内裤打开腿让你桶爽 | 国产一区二区三区乱码在线观看 | 久久精品久久久| 欧美一级在线观看视频| 亚洲成av人片在线观看无码| 爱情岛论坛亚洲品质自拍视频 | 精品视频第一页| 国产一二三区在线观看| 青青青在线观看视频免费播放| 国产成人综合亚洲绿色| 亚洲欧美日韩人成| 国产精品亚洲欧美大片在线看| 91av在线播放| 国内精品久久久久久影院 | 亚洲精品无码久久久久YW| 男人的j插女人的p| 全免费a级毛片免费看| 精品精品国产欧美在线观看| 四虎影视永久在线yin56xyz| 色噜噜的亚洲男人的天堂| 国产一国产一级毛片视频在线 | 欧美办公室系列观看丝袜| 亚洲妓女综合网99| 欧美疯狂做受xxxxx高潮| 亚洲激情综合网| 欧美综合自拍亚洲综合图| 亚洲精品欧洲精品| 波多野结衣加勒比| 亚洲精品乱码久久久久久蜜桃图片 | 国产精品毛片va一区二区三区| 95免费观看体验区视频| 在线免费观看一级毛片| 亚洲日韩乱码中文无码蜜桃| 污污网站免费下载| 亚洲综合综合在线|