An Emerging Credit-Reporting System in China
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.
Volume (Year): 42 (2009)
Issue (Month): 5 (September)
|Contact details of provider:|| Web page: http://mesharpe.metapress.com/link.asp?target=journal&id=110901|
When requesting a correction, please mention this item's handle: RePEc:mes:chinec:v:42:y:2009:i:5:p:40-57. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Chris Nguyen)The email address of this maintainer does not seem to be valid anymore. Please ask Chris Nguyen to update the entry or send us the correct address
If references are entirely missing, you can add them using this form.