February 22 15:40
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- China Approves First License of Personal Credit Scoring
China's central bank on Thursday granted a business license to Baihang Credit Scoring to provide personal credit information services.
Baihang, a personal credit reference firm, is China's first national platform offering this service.
With registered capital of 1 billion yuan ($150 million), Shenzhen-based Baihang was jointly founded by eight private credit agencies, including Tencent Credit, Alibaba-backed Zhima Credit, and the National Internet Finance Association of China, the last being the largest shareholder with a 36% stake.