China Builds "Credit Card" For Millions Of Enterprises

Over the years, the word "credit" has become two words.

In the last ring of the noisy private lending chain, what we often see is the shadow of small businesses that are unable to maintain or fall down.

Now, China hopes to help rebuild its "credit card" for enterprises.

This huge plan has been launched to date.

Wang Xiaolei, deputy director of the people's Bank of China credit information center, told the China News Service reporter that as of the end of July 2011, China's unified enterprise and personal credit information system had established credit files for about 17900000 enterprises and 790 million natural persons.

In a few short years, the people's Bank of China credit rating center has become the world's largest credit rating agency with the largest number of agencies and population.

Millions of small and medium-sized banks that have been "far away" from banks and have never had credit relations with banks have entered the field of vision.

Wang Xiaolei said that, as of June 2011, 2 million 190 thousand households have entered the enterprise credit system through supplemental and perfect information, and 310 thousand small and medium enterprises supplementing the information have obtained bank credit intentions, of which 188 thousand small and medium-sized enterprises obtained bank loans, and the total amount of loans totaled nearly 7 trillion yuan.

In Changzhou, a private capital developed in Jiangsu, a company called Chunhui animation is benefiting from it.

Ding Yuanda, general manager of the company, told reporters that although the private capital of Jiangsu was rich, it was not easy for the animation industry to seek financial support. If it did not meet Jiangnan bank, the two animated cartoons of Xiaolong's diary and the fruit of the company could not be released.

Ding Yuanda talking about rural commerce in the south of the Yangtze River

In Miluo, Hunan, China's central and southern region, one of the largest scattered areas of waste materials, mayor Zhou Jinlong told an interview with China News Agency reporter: in 2004, before the local enterprises had "Credit ID card", about more than 700 enterprises in the whole recycling industry in Miluo received less than 10 million yuan of bank loans each year. These small and medium-sized enterprises generally do not have access to bank loans, and the actual demand for financing is at least more than 200 million yuan.

"This strong contrast seriously restricts the expansion and upgrading of Miluo's renewable resources industry".

But the situation has changed: Miluo small and medium-sized cities in 2004

Zhou Xiaoqiang, President of the Changsha central sub branch of the people's Bank of China, told the China News Service reporters that the construction of credit system for small and medium-sized enterprises can only be a castle in the air without credit information.

It is the effective linkage between the government, people's Bank, financial institutions, credit intermediaries and enterprises that have promoted the financing of small and medium-sized enterprises.

Therefore, we must give full play to the role of "second credit card" in promoting the financing and development of small and medium-sized enterprises.