Credit score web­site is launched

China Daily (Canada) - - FRONT PAGE -

A web­site con­tain­ing the credit his­tory of some Chi­nese res­i­dents and firms has been launched, the lat­est push to es­tab­lish a credit rat­ing sys­tem in China.

More than 1.13 mil­lion pieces of in­for­ma­tion on fac­tors that af­fect a busi­ness or in­di­vid­ual’s credit score, such as tax avoid­ance and fail­ure to fol­low court rul­ings, are now pub­licly avail­able on cred­itchina.gov.cn, Xin­hua News Agency re­ported.

Com­pared with some ad­vanced economies, China’s credit sys­tem is still in its in­fancy, and it is still not com­mon for Chi­nese to use credit in­for­ma­tion providers to check credit scores.

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