Governor Yi Gang says the PBOC will continue to strengthen its supervision of fintech companies, while also improving policy transparency and predictability.
October 15, 2021The bank has been reporting credit data to the JCIC incorrectly since December 2010, potentially impacting the credit scores of certain customers.
February 5, 2021The credit bureau engaged in personal credit business without approval and failed to report senior management changes in a timely manner.
January 6, 2021Ant Group is directed to refocus on its payments business and correct regulatory violations in its credit, insurance, wealth management and asset securitisation businesses.
December 31, 2020Regulators are working to include internet lending in credit reference systems, and to make it easier to jointly punish dishonest borrowers.
September 17, 2020MyData businesses will allow financial firms and fintechs to offer financial advice to customers using the data they make available through the MyData platform.
July 14, 2020The move is part of a broader crackdown on irregular practices and risks in the P2P sector, and will provide greater protection to investors in online lending platforms.
September 6, 2019