Hot words: New version personal credit reports

新版?zhèn)€人征信報告(xīnbǎn gèrén zhēngxìn bàogào)

A new personal credit report system is to be established that will provide more detailed, accurate and comprehensive personal credit information.

The new version personal credit reports are intended to better reflect a person's credit situation. They are also regarded as a means to better manage credit risks, improve social management and build a transparent and honest society.

With the rapid development of financial technology and internet finance, personal credit information is now easy to collect and access. According to the media, the new personal credit reports will include more detailed personal information such as a person's career information and spouse's information. More detailed loan, repayment and late payment information will also be recorded in the personal credit reports, and record of the repayment history will be extended to five years.

In addition, the personal credit reports will record more discreditable and dishonest behaviors as part of the personal credit records. For instance, people's payments for utilities and telecom services and their tax payments as well as any legal judgments will appear in their credit reports, which will be accessed by financial institutions when they apply for loans in the future.