Meanwhile, the PBC has conducted in-depth research on the purpose and principle of credit information legislation, its regulatory scope and major problems to be resolved and solicited comment of experts both at home and abroad. At present, the Administrative Rules on Credit Information (Draft) is being revised and improved in order to be released and implemented at an early day.
In the last few years we have seen plenty of examples around the world of financial firms that have lost the trust of their customers and have paid a heavy price.