The regulations cover registration and custody systems, clearing and settlement, trading facilities, transaction reporting databases, important payment systems, and credit reporting systems.
December 17, 2022The PBOC will establish connectivity between all credit reporting systems and platforms nationwide, so data on each economic entity can be combined into a single "credit file".
October 18, 2022Credit-repair service providers have been falsely telling customers they can change the information in the PBOC's credit reporting system and delete records relating to overdue debts from credit reports.
February 24, 2022The rules tighten restrictions on internet platform companies investing in financial services firms and ask them to implement capital and leverage ratio requirements.
January 26, 2022Reports say other fines may be made public in the near future for violations of new rules that prohibit the over-collection and misuse of credit information.
January 18, 2022About half China's major Internet platforms have implemented plans to restructure their financial businesses. More progress is expected by year-end.
November 3, 2021The rules say the collection of credit information should “not be excessive" and subject to consent and information security requirements. Cross-border use is allowed.
October 7, 2021The data-sharing arrangement is part of the rectification measures ordered by financial regulators to break Ant Group's “information monopoly” over data collection.
September 24, 2021The affected fintechs have until end-2021 to restructure their financial services businesses, and until end-2022 to clean up their credit reporting businesses.
July 21, 2021Banks should also increase investment in inclusive fintech including big data, cloud computing and blockchain to improve loan efficiency, the PBOC said.
July 13, 2021