China's individuals credit information database had created
credit records for 570 million persons by the end of June this
year, said a senior official with the People's Bank of China (PBoC)
on Wednesday.
This made it the largest credit information database for
individuals in the world so far, Su Ning, deputy president of the
PBoC, told a press conference on China's financial service reform
held here.
Su said the PBOC has established a nationwide centralized
database comprising of credit information on both enterprises and
individuals in recent years.
According to Su, by the end of June this year, the central bank
had created credit records for 12.2 million enterprises, out of
which 5.1 million enterprises borrowed from banks.
Su said the establishment of nationwide credit information
system has not only helped the banks expanding credit loans, but
also lowered their credit risks.
He added that in the future, the central bank will further
improve the national credit information system so as to better the
country's credit-related service.
(Xinhua News Agency August 30, 2007)