The second personal credit reference license will be held by Jingdong Digital Technology Co., Ltd. and Xiaomi Electronics Co., Ltd

category:Finance
 The second personal credit reference license will be held by Jingdong Digital Technology Co., Ltd. and Xiaomi Electronics Co., Ltd


According to the announcement, the scope of PuDaos credit reference business is personal credit service, with a registered capital of one billion yuan. It is registered in Chaoyang District, Beijing, and its business place is Sanxing building, Chaoyang District, Beijing.

The main shareholders and shares of the company are: Beijing Financial Holding Group Co., Ltd. holds 35%; Jingdong Digital Technology Holding Co., Ltd. holds 25%; Beijing Xiaomi Electronic Software Technology Co., Ltd. holds 17.5%; Beijing Kuangshi Technology Co., Ltd. holds 17.5%; Beijing Juxin Youxiang enterprise management center (limited partnership) holds 5%.

Zhu Huanqi, the former chairman of the board of directors of the Credit Reference Bureau of the Bank of China, once worked in the central bank system, the monetary policy department, and later served as the party secretary and President of Dalian Branch of the peoples Bank of China and director of Dalian Branch of the State Administration of foreign exchange.

Dong ximiao, chief researcher of Zhaolian finance, told reporters that the second market-oriented individual credit reference agency can better play the role of market-oriented credit reference agency, complement the central banks credit reference, promote the improvement of the whole credit reporting system, and play a positive role in the development of the financial industry and the construction of social credit system.

Liu Xinhai, executive deputy director of the credit management professional committee of the all China Federation of mergers and acquisitions Association, told first finance and economics that the second individual credit reference agency had made a public announcement, indicating that the pace of Chinas credit reference system continued to explore has not stopped, which is a major measure to promote the development of a multi-level, diversified and more open credit system.

The premise of development is the availability of data

In the digital economy, the demand for personal credit service is more and more vigorous. With the development of online credit, financial institutions are increasingly dependent on data products. However, at present, the credit reference system mainly based on the central bank credit investigation and 100 bank credit reference has not covered the national population, and there are still many white credit groups.

It is of great significance to speed up the construction of multi-level personal credit market. In 2013, the regulation on the management of credit reference industry has made it clear that the license system will be implemented in China. However, the pilot work of individual credit agencies has been promoted for many years, but the personal credit reference license has not been implemented yet. Until the beginning of February 2018, the central bank disclosed the first information disclosure form for the establishment and operation of individual credit reference business. The application of baihang credit reference Co., Ltd. to establish an individual credit reference agency was obtained. The validity period is 3 years, and the validity period is January 31, 2021.

At present, although the credit reference of Bank of China is about to operate for three years, there are still doubts in the industry about the market-oriented exploration of bank credit, including how to let other institutions actively participate in information sharing. At present, it is difficult to obtain data from some head Internet institutions. In recent years, the financing difficulty and high financing cost of small and micro enterprises are outstanding. One of the crux is the problem of information asymmetry. Dong ximiao believes that to solve the problem of data availability, it is necessary to introduce some policies to solve the problem of credit information sharing. If it is not solved, there are still many obstacles in the development of market-oriented credit agencies. Liu Xinhai said that for shareholders of market-oriented credit reporting institutions, challenges and opportunities coexist. On the one hand, to be able to participate in national financial infrastructure not only has business opportunities, but also has industry influence; however, it also faces challenges: the domestic and even global personal information protection and supervision is becoming stricter, the professionalism and construction cycle of personal credit reporting are long, and the investment is large. Source of this article: Yang Bin, editor in charge of the first finance and Economics_ NF4368

At present, although the credit reference of Bank of China is about to operate for three years, there are still doubts in the industry about the market-oriented exploration of bank credit, including how to let other institutions actively participate in information sharing. At present, it is difficult to obtain data from some head Internet institutions.

In recent years, the financing difficulty and high financing cost of small and micro enterprises are outstanding. One of the crux is the problem of information asymmetry.

Liu Xinhai said that for shareholders of market-oriented credit reporting institutions, challenges and opportunities coexist. On the one hand, to be able to participate in national financial infrastructure not only has business opportunities, but also has industry influence; however, it also faces challenges: the domestic and even global personal information protection and supervision is becoming stricter, the professionalism and construction cycle of personal credit reporting are long, and the investment is large.