China's banking credit system takes shape

The People's Bank of China said Monday that the country has made important advances in establishing the banking credit registration and consulting system.

Source: People's Daily

China has made important progress in establishing a nationwide banking credit registration and consulting system, the People's Bank of China said Monday.

The central bank began to prepare for the establishment of the system in 1997. The system had connected all major cities above prefecture level by the end of last year

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