Regulators to modify credit profile system

Efforts strengthened to improve funding access for small, medium-sized enterprises

Financial regulators are coming up with new methodologies to evaluate the credit profile of small and medium-sized enterprises and improve their access to bank loans, as part of the nation's ongoing efforts to create a trustworthy society.

China is setting up a national credit score database, managed by the People's Bank of China - the central bank - to improve information asymmetry of commercial banks and expand loan availability for SMEs with qualified credit scores.