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From January 19, the Credit Reporting Center of the People’s Bank of China will provide the public and financial institutions with a second-generation credit report inquiry service.

The second-generation personal credit report has added a lot of new content, which is closely related to you and me.

Come and see it together!

Information on utilities is not yet included

I heard before that the information about water and electricity bill payment needs to be included in personal credit. Is it true?

The relevant person in charge of the Central Bank Credit Reporting Center replied that the second-generation credit reporting system has not collected personal water and electricity bill payment information.

From the 19th, if you check the personal credit report, you may find that the report format of personal water and electricity payment information is reserved in the report. do not worry! This is just a reserved format.

But it also means that in the future, information on the payment of utilities may be collected.

After all, for those who have no credit history, collecting the payment information of public utilities “consumption and then payment” on the premise of obtaining their own consent will help them establish a credit history and promote their access to credit.

The relevant person in charge of the Credit Information Center of the Central Bank said that in the future, when collecting information on public utility payment such as personal water and electricity bills, the Credit Information Center will negotiate with the relevant data source unit, obtain the authorization and consent of the information subject from the data source unit, and Only after ensuring the quality and safety of the data will it be collected and displayed.

Show 5-year repayment history

Actually, a generation of personal credit reports can also see an individual’s 5-year repayment history, but the display method is different.

The first-generation personal credit report shows: “Repayment records in the last 24 months” and “Overdue records in the last 5 years”;

The second-generation personal credit report also displays the contents of “repayment records in the last 24 months” and “overdue records in the last 5 years”, but added “overdue amounts in the last 2 years”.

This enables individuals to show their repayments in the past two years, which can more fully and accurately reflect their credit status.

Show “joint borrowing” information

“Co-borrowing” means a loan in which a loan is jointly and severally repaid by two or more borrowers.

But the “joint borrowing” information will not be launched immediately. This information will not be displayed until the next financial institution begins to submit data in the second-generation format.

And the “joint borrowing” information will be updated in a timely manner.

For example: the person in charge of the Credit Information Center said thatContinuing the cancellation of the common loan agreement, the data reporting mechanism of the second-generation credit reporting system supports financial institutions to report the release of joint borrowing relationship information; after the financial institution submits updated information to the credit reporting system, the credit report of the borrower is no longer responsible Lieutenant General will no longer display this loan information.

What else is new?

Personal information has also been added to display “individuals providing guarantees for companies”, “employment status”, “nationality”, “contact number”, etc.

Information on personal “revolving loans”, “large credit card special installments”, and “credit agreement information” will also be added, but these are the same, waiting for the next step after financial institutions start to submit data in the second-generation format Before starting to show.

Overall, the information displayed in a personal credit report will be more comprehensive and accurate.

At the same time, the security protection capabilities of the second-generation credit information system have also been upgraded, which will further ensure the security of credit information.

Remind everyone: pay attention to changes in your credit status, do not over-indebted, repay in full and on time, and maintain a good credit history.

Attachment: A person in charge of the Credit Reporting Center of the People’s Bank of China responded to a reporter’s question on the second-generation credit reporting system switch.

• 1. Why build a second-generation credit information system?

  The People’s Bank of China Credit Reference Center (hereinafter referred to as the Credit Reference Center) is responsible for the construction, operation, and maintenance of a nationwide centralized and unified corporate and personal credit reference system (ie, the basic database of financial credit information, referred to as the Credit Reference System below). An important part of the financial infrastructure. The first-generation credit reporting system officially operated in 2006. It collects, sorts, saves, and processes basic information, credit information, and other information reflecting the credit status of enterprises and individuals to establish a credit information sharing mechanism between enterprises and individuals to speed up the resolution of financial transactions. The information asymmetry problem has played an important role in promoting financial transactions, reducing financial risks, helping the public to save financing costs, creating financing opportunities, and improving social credit awareness.

  As of the end of 2019, the credit information system has collected information of 1.02 billion natural persons, 28.341 million enterprises and other organizations, and the scale has ranked among the top in the world. Individual and corporate credit information systems have access to 3,737 and 3,613 institutions, which basically covers Various types of formal lenders; in 2019, the cumulative query volume of personal and corporate credit reporting systems was 2.4 billion and 110 million, respectively, and the average daily query volume was 6.57 million and 296,000.

  Since the credit information system has been put into operation, in order to better improve the credit information service supply capacity, the credit information center has continuously carried out system optimization and upgrades to ensure the safe and stable operation of the credit information system. In recent years, China ’s economic and social development has put forward new requirements for increasing the effective supply of credit information and improving the level of credit information services. The development of financial technology has also provided technical support for further improving the service capabilities of credit information systems.support. In order to better meet the credit reporting needs of financial institutions and all sectors of the society, and adapt to the development trend of financial technology, the credit reporting center started the construction of the second-generation credit reporting system in a timely manner to optimize and upgrade the credit reporting system. After the unremitting efforts of all parties, at present, the second-generation credit information system already has the conditions for switching online.

  • What is the overall work arrangement for the second and second generation credit reporting system to switch online?

    The credit reporting system has many access agencies and covers a wide range. In order to ensure the smooth progress of the switch-on and online work, according to the step-by-step implementation plan, the Credit Information Center started the second-generation credit-checking system on-line work on January 17, 2020. From January 19, 2020, the Credit Information Center will provide the second-generation format credit report inquiry service to the public and financial institutions.

    • Compared to the first-generation credit information system, what improvements have been made to the second-generation credit information system?

      Compared with the first-generation credit information system, the second-generation credit information system has been optimized and improved in terms of information collection, product processing, technical architecture and security protection. The first is to optimize and enrich the information content, improve the scalability, flexibility and convenience of information collection, and more comprehensively and accurately reflect the credit status of information subjects. The second is to optimize the display and generation mechanism of credit reports, and improve the legibility, adaptability and convenience of credit reports. The third is to improve the system technical architecture, support rapid system expansion and resource optimization, and greatly improve the efficiency of information collection and credit service. The fourth is to strengthen system security protection capabilities, strengthen user identity management, information transmission management, etc., to ensure credit information security.

      • Compared to the credit report provided by the first generation credit reporting system, what changes have been made to the credit report provided by the second generation credit reporting system? What impact does it have on personal and corporate economic life?

        Compared with the credit reports provided by the first-generation credit information system, the credit reports provided by the second-generation credit information system mainly enrich the basic information and credit information content, improve the information display form, and improve the efficiency of information update. In view of the fact that the second-generation format credit report has further enriched the credit information of individuals and enterprises, the efficiency of information update has been improved, and the credit status of individuals and businesses has been more comprehensively and timely reflected. It is recommended that individuals and businesses pay attention to changes in their credit status in a timely manner, and do not overdo it Liabilities, repayment in full and on time, and maintain a good credit history.

        • What improvements have been made in the second and second generation credit reporting systems in protecting information security and maintaining the rights and interests of information subjects?

          The Credit Information Center attaches great importance to the work of protecting information security and protecting the rights and interests of information subjects.Safe design of credit information system. The second generation credit information system has the following improvements:

          The first is to strengthen user management, using digital certificates to implement two-factor authentication for user login, issuing USB Key certificates for query users, and to achieve strong authentication for organization query identity; the second is to strengthen user access control, support binding login terminals and improve users The strength of identity verification strengthens information security monitoring; the third is to strengthen data transmission and storage security protection to ensure the security of data acquisition and external service circulation; the fourth is to strengthen abnormal query monitoring to detect abnormal query behavior in a timely manner; the fifth is to optimize corporate and personal objections The processing flow improves the degree of automation and efficiency of objection processing.