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An Emerging Credit-Reporting System in China

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  • Guibin Zhang
  • Russell Smyth

Abstract

A more complete credit-reporting system has to evolve in China in order to better manage risk and reduce the amount of nonperforming loans. The rationale for having a credit-reporting system is outlined through a review of the literature on asymmetric information. A case study of a private credit-reporting agency, established in 2000, is studied. This was the first one in Chengdu and one of the earliest in China. In addition, there is a discussion of the progress the People's Bank of China has made in establishing a unified national credit-reporting system since 2004. China has made much progress in this sphere and at present operates the largest credit-reporting database in the world. There is, however, still plenty of scope for improvement, including better cooperation between public and private credit-reporting services, with a view to providing a more streamlined product.

Suggested Citation

  • Guibin Zhang & Russell Smyth, 2009. "An Emerging Credit-Reporting System in China," Chinese Economy, Taylor & Francis Journals, vol. 42(5), pages 40-57, September.
    • Handle: RePEc:mes:chinec:v:42:y:2009:i:5:p:40-57
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    Cited by:

    1. Lean Yu & Xinxie Li & Ling Tang & Zongyi Zhang & Gang Kou, 2015. "Social credit: a comprehensive literature review," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 1(1), pages 1-18, December.

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