China Gives Green Light to First Government-Led Personal Credit Scoring Firm
China’s central bank, the People’s Bank of China, has officially issued the first domestic personal credit scoring license to the state-led Baihang Credit Scoring Co. which partnered with domestic major credit scoring institutions backed by such internet giants as Alibaba Group Holding Ltd., Tencent Holdings Ltd. and NetEase Inc. The new platform will mainly provide … More China Gives Green Light to First Government-Led Personal Credit Scoring Firm