BEIJING, Feb 27 (Xinhuanet) -- The world's largest personal credit
information databank has been put into operation in China, with the number of
persons covered reaching 486 million by late January,the People's Bank of China
Su Ning, vice-governor of the central bank, said at a national conference
over the weekend that almost every Chinese citizen who is economically active is
now covered by the databank.
The databank provides information concerning one's basic facts, bank
accounts, borrowing records and his/her accounts at the national housing saving
pool, he told the conference on the administration of credit information
collection in Guilin, south China's Guangxi Zhuang Autonomous Region.
The vice-governor said another credit information databank targeting
enterprises has also launched operation on a trial basis and would start full
operation at the middle of the year.
He called for the better utilization of the databanks by enterprises and
personal credit information for safeguarding financial security and providing a
benchmark for monetary and macroeconomic policy makers.