Credit-Reference-Center-PBOC-China-300x108Yang Ziqiang, Assistant Governor of the People’s Bank of China.China, recently stated that China will upgrade the credit reference system by introducing more monitoring.   More should be done to protect those who have shared their credit information, and guard against conflicts in sharing such information, Yang was quoted as saying by a bank statement.

By the end of last year, China’s basic database of financial credit information covered 880 million individuals, including 380 million with loan records, and 21.2 million enterprises, including 5.77 million with loan records, according to the central bank.

Source: Shanghai Daily