Together with the enterprise credit registration system established in 1997, the national credit registration system run by the PBC now covers all enterprises and individuals who have transactions with banks. Both enterprises and financial institutions are very concerned about the system.
Currently, 4.52 million borrowing enterprises are registered in the enterprise credit registration system, and the outstanding balance of RMB loans reached 17.36 trillion yuan, accounting for 90 percent of total outstanding loans of financial institutions, with monthly inquiry averaging at 1.44 million times.