The People's Bank of China (PBOC), which has been developing its positive consumer credit bureau plans for over two years now, is set to launch trials of China's first national consumer credit history database. Positive, or full data, credit bases track a consumer's credit and banking history, good and bad, right down to the most recent credit card purchase. Negative bureaus record only overdue or default data. The PBOC has conducted pilot schemes since launching the project in 2002 with the idea of staging a nationwide rollout. Consumers and SMEs moving across provincial lines often fail local loan tests because they have no credit local history, so the development of a national database is expected to be dramatically expand lending.
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