In Hangzhou, good credit brings people deposit-free services

Residents with good credit in Hangzhou, Zhejiang province, will be able to avoid paying deposits for a number of services, including bicycle rentals, and hospital or hotel reservations.

The city launched its Credit Hangzhou app last month, making it easier for people to check their own credit records and search for services they can use deposit-free - if the credit score is high enough.

It also vowed to promote more daily use of the app to make credit ratings a "gold pass" in the city.