Nation building credit info system

Overseas companies may get green light for entry, central bank official says

China's financial regulators are building a nationwide credit information monitoring system, based on assessing the debt payment ability of businesses and individuals, and overseas credit information service companies will be allowed to participate in it, said a senior official with the central bank.

More overseas institutions providing corporate credit information services are expected to register with the domestic regulatory system managed by the People's Bank of China, the central bank, Wan Cunzhi, director-general of the PBOC's Credit Information System Bureau, told China Daily in an interview.