On May 23, baihang credit investigation Co., Ltd. (hereinafter referred to as “baihang credit investigation”) released the performance data for the fourth anniversary of its establishment. As of May 22, a total of 2526 corporate financial institutions have been expanded in the credit investigation of baihang, with more than 480 million information subjects included in the personal credit investigation system, and more than 3.38 billion calls of all products.
Baihang credit investigation is the first market-oriented company in China to obtain the business license of personal credit investigation. It is jointly initiated and established by the market self-discipline organization China Internet Finance Association and 8 market machines, including sesame credit, Tencent credit investigation, Qianhai credit investigation, koala credit investigation, PENGYUAN credit investigation, zhongchengxin credit investigation, Zhongzhicheng credit investigation and Huadao credit investigation. In July 2020, baihang credit investigation completed the business record of enterprise credit investigation, becoming the first market-oriented credit investigation institution in China with dual business qualifications of personal credit investigation and enterprise credit investigation.
It is reported that in the four years since its establishment, baihang credit has achieved leapfrog growth in database construction, product R & D and innovation, market expansion and product promotion.
In terms of credit data sharing, baihang credit bureau innovated working ideas and promoted data sharing in accordance with the guidelines of “reciprocal consideration” and “one bank, one policy”. As of May 22, there were more than 480 million information subjects included in the Baixing personal credit investigation system, an increase of 141% compared with May 22 last year.
In terms of the expansion of alternative data sources, baihang credit investigation focuses on deepening the channel cooperation of basic data sources, strengthening the construction of standby channels, constantly enriching and optimizing the types of data interfaces, promoting the application and transformation of basic data source products such as operators, public security, aviation and tourism, actively exploring various government data cooperation, and continuously promoting the cooperation of key alternative data such as education, social security and insurance. Up to now, baihang credit investigation has basically realized the extensive coverage of five types of information in the credit investigation business, including basic verification, payment and clearing, transportation and travel, judicial litigation and Internet behavior.
In terms of the construction of enterprise credit investigation database, with the help of the query and call of credit investigation products of small and micro enterprises, we will continue to promote the collection of basic information of enterprise subjects. As of May 22, the baihang enterprise credit investigation database has accumulated 34.88 million basic information of enterprise entities and more than 19.05 million information entities of natural persons, legal persons, shareholders and directors, supervisors and senior executives.
Focusing on independent research and development, baihang credit investigation has continuously expanded the breadth and depth of credit investigation products. At present, it has initially formed a product service system for b-end (institution), C-end (individual), g-end (government) and S-end (Society).
Market expansion has also made a series of breakthroughs. As of May 22, the bank has expanded 2526 corporate financial institutions, basically established channels with major financial institutions, established cooperative relations with five state-owned banks, all joint-stock banks, as well as some urban commercial banks, rural commercial banks and other leading financial institutions, basically achieved full coverage of national banking services, and steadily increased the amount of adjustment.
The number of product calls has increased by leaps and bounds. As of May 22, the cumulative call volume of personal credit report, the basic personal credit product of baihang credit investigation, exceeded 680 million, with a year-on-year increase of 113%; The cumulative call volume of personal value-added credit reporting products such as information verification, anti fraud and special attention list exceeded 2.56 billion, a year-on-year increase of 556%; The cumulative call volume of enterprise credit investigation products exceeded 140 million, and helped financial institutions serve more than 9.66 million enterprises in five categories of extremely poor industries, such as catering, retail, tourism, civil aviation, highway, waterway and railway transportation; The cumulative call volume of all products exceeded 3.38 billion, a year-on-year increase of 376%.
At the end of July 2020, the Shenzhen Central Branch of the people’s Bank of China released the publicity of the pilot application of financial technology innovation supervision in Shenzhen. The new service form specially created by baihang credit investigation for Futian District Bureau of administration and statistics of Shenzhen – “baihang credit investigation and credit inclusive service” was included in the first batch of pilot applications in Shenzhen. On September 28, 2021, the project was successfully tested and became the first batch of innovative application projects in China and the first “out of box” in Shenzhen. As of May 22, relying on the credit approval service of the project, 110000 business letters have been provided for enterprises, more than 30000 government materials have been reduced, more than 30000 handling links have been reduced, and more than 100000 working days have been saved. An innovative model of “government affairs + credit investigation” has been created that can be copied and popularized.
