The People’s Bank of China (PBC) recently approved the application of Pudao Credit Co., for personal credit rating license. The approval was granted to increase the effective supply of credit reference services and promote market-oriented development of credit rating business, as required by the decisions and arrangements of the CPC Central Committee and the State Council. The PBC will stick to the market-oriented, law-based and technology-driven principles, advance the supply-side reform of credit rating business, and serve the high-quality development of economy and society.
Date of last update
Nov. 29 2018
