Chinese regulators have made a series of regulatory attempts on the credit investigation business, and have experienced several models of decentralized pilot of eight institutions, credit investigation of 100 banks led by industry associations, and cooperation between state-owned assets and a few leading platforms (Park Dao credit investigation). Since credit bureaus should remain independent and fair, and have important responsibilities for protecting credit information security, combined with the situation of the previous eight decentralized pilots, state-owned assets may continue to play an important role in credit bureaus.
Specific models may need to be explored by industry players and regulators. The general pattern may be that the information transfer between the lending platform and financial institutions will be carried out through licensed personal credit bureaus. The platform is still the entrance of information, and the required information will be provided to the credit bureaus after authorization, and the credit bureaus will conduct risk assessment by combining information from different sources. Share the rating results with financial institutions. Financial institutions finally decide whether to lend money and the interest rate according to their own risk control model.
Post time: Mar-25-2024