Industry Trends
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The importance of business credit report in international trade
In the interconnected world of international trade, the importance of a robust business credit report cannot be overstated. Here’s why businesses engaging in global commerce should prioritize and leverage the insights derived from comprehensive credit reporting: Risk Mitigation: Internation...Read more -
Normative interpretation of business credit report
A normative interpretation of a business credit report involves assessing the information provided in the report based on established norms, standards, and best practices in the business and financial industry. Business credit reports typically contain information about a company’s cred...Read more -
The basic credit information business of enterprises should not set up filing supervision
The credit investigation industry needs administrative supervision; Further from the classification of credit information subjects and credit reporting business, all business of personal credit reporting and enterprise credit rating business in enterprise credit reporting need supervision. These ...Read more -
The “Credit Shanghe Cooperation Research Center” was launched to help the cross-border credit industry chain
From June 15 to 16, during the SCO Industrial Chain and Supply Chain Forum, activities such as the Parallel Forum on Logistics and Trade, Parallel Forum on Energy Cooperation, and Cross-border Credit Industry Matchmaking were held in succession. Guests, experts and scholars from home and abroad a...Read more -
How can business credit agencies provide credit scoring service better?
Although the credit rating is not regulated in the credit investigation regulations, it does not prevent some business credit investigation agencies from providing credit scoring services. Because the relationship between credit score and basic credit is too close, if it is hard to separate it wi...Read more -
It is a pity that business credit ratings are not written into regulations
Due to the close connection between credit assessment business (including business credit rating and business credit scoring) and basic credit investigation business, the drafting of the regulations has been considering that credit rating business can be included in a regulation. “Consideri...Read more -
We will improve market infrastructure such as social credit
Use the risk classification results of business credit report to implement double random supervision and key supervision; Standardize the discretionary power in the field of market supervision, promote the mutual recognition of enterprise credit information, accelerate the construction of big dat...Read more -
Strengthen the awareness of business credit companies rules
Differentiated regulatory measures shall be taken according to the credit status of business entities, and the proportion and frequency of spot checks shall be set reasonably for those with good credit and low risks; For those who violate laws and break promises and have high risks, we will inten...Read more -
How to improve the basic system of market economy such as business credit
Accelerate the development of a large unified national market, build a high-standard credit market system, and create a market-oriented and law-based international credit business environment; Strictly implement the supervision responsibility of credit reporting enterprises, standardize the exerc...Read more -
Can the commercial credit information market really open up?
The basic credit investigation industry still has great room for expansion; Not only the basic credit investigation service mechanism of insurance credit and equity investment credit has not been established in financial credit, but also the basic credit investigation service mechanism has not be...Read more -
Market economy is credit economy and rule of law economy
In the face of market competition, in order to better manage credit risk funds and adapt to the credit reporting system of the market economy, it has been re awakened in Chinese Mainland. The earliest prototype was the paper letter of credit in Shenzhen, which has now evolved into the business cr...Read more -
Establish a regulatory mechanism for business credit reporting companies based on credit supervision
We will integrate social credit into the basic system of the market economy, and profoundly point out that we must improve the basic system of the market economy such as social credit and optimize the business environment. Carry forward the integrity culture and improve the long-term mechanism of...Read more