Page 141 - Special Topic Session (STS) - Volume 1

STS420 Jianhua (Klyment) H.
inquiry intuition, and Financial rating agencies. Usually, depending on the
business, personal credit and enterprise credit inquiry can be provided by
the same platform.
Credit score inquirer is mainly from real-estate, car manufactures,
peer-to-peer loans platform, a financial institution like banks. A majority
request of personal credit score is for evaluating the risk of credit deals
such as personal mortgage of buying real-estate and cars, personal micro-
loans, enterprise loans and purchasing bonds.

Figure 1: Credit Reporting Industrial Structure

3.2 Credit Reporting Development Status in China
Currently, China’s credit reporting system is led by Credit Reference Center
powered by The People’s Bank of China (CRC), and jointly developed by local
and private credit inquiry platform.

Figure 2: Operation Mode of Credit Inquiry Platforms in China

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