Corporate credit database

China aims to establish a nation-wide credit database on corporate borrowers by the end of this June to help banks better assess their creditworthiness, a central bank official said on February 27.
The database would build on a pilot system put in place in a number of big cities last year, and would complement a national consumer credit database launched earlier this year in an effort to modernise China's credit system.
"By the end of June, a nation-wide database on corporate borrowers will be shared by all commercial banks and some rural credit co-operatives," Su Ning, vice-governor of the People's Bank of China, said in remarks published on the central bank's Web site (www.pbc.gov.cn).